Tajikistan: Rogun Hydropower Development Project

DESCRIPTION

This Project Preparation Special Fund (PPSF) grant will support strengthening the Rogun Hydropower Development Project’s financial and commercial frameworks, enhancing its environmental and social sustainability, and establishing the Project’s benefit-sharing program.  The Rogun hydropower plant is on the Vakhsh River with an installed capacity of 3,780 MW and an embankment dam of 335 meters in height, making it the tallest dam in the world when completed. It would allow the export of clean energy to Central Asian countries and will facilitate easier integration of intermittent renewable energy and will contribute to decarbonizing the fossil-fuel-dominated Central Asia power systems.  

The grant will be used to support consulting services for the improvement of dam safety and the updating of the Project’s environmental and social safeguards instruments to align them with the international best practice and the requirements of the environmental and social safeguards policies of the multilateral development institutions. The grant will also finance the advisory services to help the Government of Tajikistan with the financial structuring of the Project and preparation and negotiations of long-term power purchase agreements for the Project. The PPSF-funded activities will be jointly co-financed by the World Bank.

The PPSF grant will be implemented by the Projects Management Group of the Power Plant Construction under the President of the Republic of Tajikistan.