• KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
22 December 2024

Viewing results 1 - 6 of 392

Tajikistan Continues Electricity Supply to Uzbekistan and Afghanistan

It is being reported that Tajikistan delivered more than $82.3 million worth of electricity to neighboring countries from January to August of this year. The export of electricity is $2.8 million (3.3%) less than in the same period of 2023. During this period, Tajikistan's electricity production amounted to about 15.4 billion kilowatt-hours, of which about 1 billion kilowatt-hours (6.5% of the total production) were exported. More than 80% of electricity exports go to Afghanistan, and the remaining 20% to Uzbekistan. Tajikistan signed an agreement on the export of electricity for 2024 with these two countries. Electricity exports to Uzbekistan are carried out only in the summer, and supplies to Afghanistan will continue in the autumn-winter season, but in small volumes — “exclusively for the preservation of infrastructure.” For information, a memorandum of understanding has been signed between Tajikistan and Kazakhstan, providing electricity supply produced by the Rogun hydropower plant until 2032. Agreements on the supply of electricity to Kazakhstan and Uzbekistan are one condition for external financing of the Rogun project. The Times of Central Asia has reported that when the Rogun hydropower plant in Tajikistan reaches full capacity, about 70% of the electricity produced will be exported to other Central Asian countries.

Saudi Fund Contributes $100 Million Towards Rogun Hydropower Plant in Tajikistan

The Saudi Development Fund has allocated $100 million to finance the completion of the Rogun hydropower plant in Tajikistan. This was announced by the Ambassador Extraordinary and Plenipotentiary of the Kingdom of Saudi Arabia to the Republic of Tajikistan, Walid bin Abdulrahman Al-Rashidan, at a press conference dedicated to the 94th anniversary of the Kingdom of Saudi Arabia's founding. “This project is strategically important for the country, as it will ensure energy security and sustainable economic growth. The Rogun HPP is a key element of Tajikistan's energy infrastructure; it will significantly increase electricity production and strengthen its position regionally,” Al-Rashidan said. Saudi Arabia’s financial support strengthens bilateral cooperation in energy and economic relations. The estimated cost of completing the construction of the Rogun HPP is $6.4 billion. Once it reaches full capacity, about 70% of the electricity generated will be exported to other Central Asian countries. According to a report by the Eurasian Fund for Stabilization and Development (EFSD), the financing of the Rogun HPP is one of the main risks for Tajikistan’s budget and debt sustainability. A possible increase in the cost of hydropower construction could reduce funding for other essential infrastructure projects and social spending. Analysts emphasize that “in the face of uncertainty regarding funding sources, starting in 2025, the government of Tajikistan may have additional needs for budgetary support from international financial organizations.”

Kyrgyzstan Seeks Crude Oil Supplies from Azerbaijan

At a meeting with Azerbaijan’s Energy Minister Parviz Shahbazov, his counterpart from Kyrgyzstan, Taalaibek Ibrayev, proposed signing a long-term contract to supply Azeri crude oil to Kyrgyzstan. The bilateral meeting took place on September 16 in Bishkek, on the sidelines of the 4th meeting of energy ministers of the Organization of Turkic States (Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan). Representatives of Turkmenistan and Hungary attended as observers. The Azeri Energy Minister expressed its readiness for cooperation, and proposed establishing a special working group to organize oil supplies. Ibrayev also proposed that Azerbaijan participate in hydropower and renewable energy projects in Kyrgyzstan, and consider preferential financing of $2 million from the Azerbaijan-Kyrgyzstan Development Fund for the purchase and installation of charging devices for electric vehicles in Kyrgyzstan. Today, Kyrgyzstan’s local capacity for refining crude oil and producing motor fuel covers about 5% of domestic demand, with the rest imported from Russia. During Kyrgyz President Sadyr Japarov’s visit to oil-rich Azerbaijan earlier this year, negotiations were held with the Azeri state oil company, SOCAR, on Azerbaijani oil supplies to Kyrgyzstan’s Junda refinery. Energy Minister Ibrayev commented that the Junda oil refinery requires more than 1 million tons of crude oil annually for refining. On August 30, the refinery reopened in the town of Kara-Balta, about 100 kilometers west of Bishkek. Late in March, the refinery completed a significant overhaul and plans to reach its total annual capacity of processing 800,000 tons of crude oil by the end of this year.

Russia to Join Central Asia’s Unified Energy System

Russian Energy Minister Sergey Tsivilev has announced that the Russian and Uzbek energy ministries have agreed to connect the Russian “System Operator” to Central Asia's Unified Energy System (UES). The connection itself is expected to happen soon. Uzbekistan's Minister for Energy, Zhurabek Mirzamakhmudov, has commented that this move will ensure the security and stability of the energy system in the region. These measures are expected to allow prompt response to problems in energy supply and avoid interruptions. In addition, Inter RAO has announced that it is preparing to export electricity to Uzbekistan, with the start of supplies scheduled for this fall. Central Asia's Unified Energy System was created in the 1970s. It is managed by the coordination and dispatch center in Tashkent, and allows the balancing of seasonal fluctuations in demand for electricity and water needs during the irrigation period. It currently includes Uzbekistan, Kyrgyzstan, Kazakhstan and Turkmenistan. In May it became official that Tajikistan would join the system.

Kyrgyzstan and Japan Agree to Cooperate in Green Energy

In Japan on September 9, Kyrgyzstan’s Minister of Energy, Taalaibek Ibrayev, met with Ken Saito, Japan's Minister of Economy, Trade and Industry, who oversees the country's energy policy. The two ministries signed a memorandum of cooperation to implement joint projects in green energy. The aim of the new partnership is to expand energy cooperation between Japan and Kyrgyzstan, and developing sectors such as energy efficiency, renewable energy, hydrogen energy, ammonia, carbon recycling, and high-efficiency electricity generation. While visiting Japan last November, Kyrgyzstan's President Sadyr Japarov held talks with Japanese Prime Minister Fumio Kishida. Cooperation in the energy sector was one of the issues that they discussed. During the visit, Japarov invited Japanese companies to use the opportunities and potential for cooperation with Kyrgyzstan to develop renewable energy sources and construct hydropower plants.

Restoration of Kyrgyzstan’s Largest Hydropower Plant Nears Completion

According to Kyrgyzstan's Ministry of Energy, the modernization of the country’s largest hydropower plant, Toktogul HPP, which began in March, is now 80% complete. Located on the Naryn River, the Toktogul HPP comprises four hydroelectric units and with a total generating capacity of 1320 MW, provides about 40% of the country’s electricity. The rotor at the hydro unit No. 1 has been assembled and installed and when fully modernized later in 2024, the service life of the Toktogul HPP will increase by 25-30 years, ensuring a reliable and uninterrupted power supply in autumn-winter and increase the power plant’s generating capacity by 60 MW to 1380 MW. In recent years, since Kyrgyzstan has been unable to produce enough electricity to meet the growing demand, electricity has been imported from neighboring countries. In 2023, the volume of imported electricity  amounted to 3.2 billion kWh. and  Kyrgyz Minister of Energy Taalaibek Ibrayev reported that in the first half of 2024, Kyrgyzstan imported 2.02 billion kWh of electricity, including 909.8 million kWh from Russia and Kazakhstan, 837.5 million kWh from Turkmenistan, and 275.3 million kWh from Uzbekistan. During the first half of this year, Kyrgyzstan produced 7.07 billion kWh of electricity, including 6.2 billion kWh generated by hydroelectric power plants and 870 million kWh by thermal (coal-fired) power plants. In addition to updating its current facilities, the Ministry of Energy has committed to the construction of the Kambarata-1 HPP which destined to become Central Asia's largest hydroelectric power plant, aims to end Kyrgyzstan’s power shortages. Confident in the success of such measures, Chairman of the Kyrgyz Cabinet of Ministers, Akylbek Japarov, has announced that Kyrgyzstan will become both energy-sufficient and in a position to begin exporting electricity by 2026.