International donors will release funding for the completion of the Rogun Hydropower Plant only after the government of Tajikistan fulfills all remaining conditions, Standard & Poor's Global Ratings has stated in a new analytical report, according to spglobal.com.
The report indicates that international partners, including the World Bank, are prepared to finance about 40% of the project’s total $6.4 billion cost—equivalent to Tajikistan’s projected 2025 GDP. The financing package includes $1.5 billion in commercial loans, $850 million in grants, and $550 million in concessional loans.
Key conditions include the development of a macroeconomically sustainable financing plan, long-term power purchase agreements, enhanced dam safety, and the implementation of environmental, social, and transparency standards, including public disclosure of contracts.
Once fully operational by 2035, the 3.78 GW Rogun HPP will be the largest hydropower plant in Central Asia. It is expected to eliminate Tajikistan’s domestic energy deficit and enable the export of up to 60% of its generated electricity. Currently, two generating units are operational, with a third scheduled for launch in 2025.
CentralasianLIGHT.org
August 26, 2025