The European Investment Bank (EIB) has decided to begin the process of evaluating the project for the construction of the Rogun hydroelectric power station (HPP) in Tajikistan. European Commissioner for International Partnerships Josef Sikela announced this on his page on the social network X. His statement is quoted by Trend.
Josef Sikela and representatives of the EIB visited the Rogun hydroelectric power station, accompanied by the Deputy Prime Minister of Tajikistan, Usmonali Usmonzoda, who was responsible for the project. The visit took place as part of the European Commissioner’s trip to the countries of Central Asia.
Josef Sikela said that the construction of the hydroelectric power station is supported by loans from a group of international development banks, and the European Investment Bank is also seriously considering the possibility of participation. He noted that EIB representatives were present during the site visit and the bank has now decided to begin the project evaluation process.
The European Commissioner emphasized that the EIB’s shareholders are EU member states. The Bank carefully evaluates all projects and supports only those that are economically sustainable. In this way, the bank ensures that its loans are repaid with interest, while maintaining strict control over its own funds or raised through bonds and other financial instruments.
Josef Sikela also pointed out that the European Union supports the project, which is highly appreciated both by local stakeholders and by European companies competing for contracts. Many of them have already made significant progress in this direction.
The European Commissioner added that at the moment about 17,000 people from around the world are involved in the construction of the Rogun hydroelectric power station. According to him, after completion of construction, the Rogun hydroelectric power station dam will become the highest in the world, reaching about 335 meters. The hydroelectric power plant will have a capacity of 3.6 gigawatts, which exceeds any operating power plant in Europe. The project will almost double the annual electricity production in Tajikistan.
Sikela also noted that the Rogun hydroelectric power station will significantly improve the country’s water management system and strengthen regional agriculture.
