€100 million has already been invested in energy projects

DUSHANBE, September 5. /TASS/. Energy companies in Tajikistan intend to reduce electricity losses to 10% of generated electricity. This was announced by the Minister of Energy and Water Resources of the Republic Daler Juma.

“We have a commitment to reduce our losses and increase energy efficiency so [to] reduce losses by up to 10%,” he said, speaking at an investment forum in Tajikistan and Germany.

According to him, the republic also plans to increase electricity production through the implementation of large projects, primarily due to the completion of the construction of the Rogun hydroelectric station, which began under the USSR. “We will continue to rehabilitate our generating capabilities, which have been operating since the 50-60s of the last century. If we combine all this, in the next 15-20 years we plan to [put into operation a capacity of] 5,700 kWh and these projects are already being implemented,” he said.

According to him, Tajikistan has qualified personnel to implement these projects and, thanks to the cooperation of the governments of the republic and Germany, about €100 million have already been invested in them.

On August 30, the Asia-Plus publication, citing data from the country’s energy companies, reported that almost a quarter of the volume of generated electricity is being lost in Tajikistan. According to the publication, in the first half of this year, the country produced about 10 billion 653.3 million kWh of electricity, while losses amounted to more than 2 billion 415 million kWh. It was noted that losses occur during distribution to end consumers, as well as due to theft.

Source: Tass News

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DUSHANBE, Tajikistan, August 7. The Eurasian Development Bank (EDB) will increase its investment portfolio in Tajikistan up to 3 percent of the total investment portfolio of the bank by this year-end, Denis Ilin, Vice Chairman of the EDB Management Board, said, Trend reports.

The announcement was made during his meeting with Minister of Economic Development and Trade of Tajikistan, Zavki Zavkizoda, on July 25, where the sides discussed expanding cooperation between Tajikistan and the EDB.

At the meeting, the sides also explored opportunities for attracting preferential funds, identified new priority projects aligned with the country’s development goals, and discussed prospects for medium-term cooperation.

Earlier it was reported, that the bank plans to provide $650 million in funding for priority projects in Tajikistan between 2023 and 2026,

As of today, the EDB and its structures have implemented 13 investment projects in Tajikistan, with a total value of $266.4 million.

This includes seven grant and concessional projects from the Eurasian Fund for Stability and Development amounting to $215 million and six projects financed directly by the bank, totaling $51.4 million. These projects span various sectors of Tajikistan’s economy and have contributed to its development.

Source: Trend News

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