• KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10830
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
20 October 2026

Viewing results 1 - 6 of 56

Tajikistan Plans Over $1 Billion for Rogun Hydropower Project in 2026

The government of Tajikistan plans to allocate at least 10 billion TJS (more than $1 billion) to finance the Rogun hydropower project in 2026, Finance Minister Faiziddin Qahhorzoda said on February 13 at a press conference in Dushanbe. The statement was later released by the Ministry of Finance and reported by Asia-Plus. Qahhorzoda specified that 8.2 billion TJS has already been earmarked in the state budget for completion of the Rogun hydropower plant. He added that additional financing could be mobilized through development partners, as agreements have been signed and the required domestic procedures and partner conditions have been fulfilled. “Certain conditions had to be met by the government of Tajikistan to access these funds. All conditions have been completed, and financing under the first tranche of $350 million has begun,” the minister said, referring to grant funding from the World Bank. He added that negotiations for an additional $300 million from the institution have been concluded successfully, with the funds expected to become available by mid-year. The minister also stated that domestic procedures are being finalized to attract $150 million from the Islamic Development Bank, as well as $100 million each from the Saudi Fund for Development, the Kuwait Fund for Arab Economic Development, and the OPEC Fund for International Development. According to Qahhorzoda, the remaining step is the completion of tender procedures. In addition, all procedures have reportedly been completed to secure $500 million from the Asian Infrastructure Investment Bank, of which $270 million is expected to be disbursed in the first tranche. According to the Finance Ministry, approximately 11 billion TJS was allocated in 2025 for the completion of Rogun, including 2 billion TJS designated for servicing Eurobonds issued to support the project. Earlier, at the end of January, the Energy Ministry stated during a separate press conference that several financing agreements signed with international partners in 2024-2025 had already entered into force. Officials noted that activating these agreements required fulfilling a number of technical and procedural conditions. The Rogun hydropower plant, located 110 kilometers from Dushanbe on the Vakhsh River, is the largest energy project in Tajikistan. Construction began in 1976 but was suspended following the collapse of the Soviet Union. Work resumed after independence. Of the six planned generating units, each with a capacity of 600 MW, two are currently operational and had produced 9.9 billion kWh of electricity by the end of last year. In December 2025, President Emomali Rahmon announced that the third unit is scheduled to be commissioned in September 2027. Once all six units are operational, the plant’s total installed capacity will reach 3.78 GW, and its 335-meter dam is projected to become the tallest in the world. The total cost of construction has been estimated at $6.2 billion.

Water Shortages Cut Hydropower Output in Uzbekistan

Electricity generation at Uzbekistan’s hydropower plants has declined significantly due to water shortages, Energy Minister Jurabek Mirzamahmudov told lawmakers during a recent session of the Legislative Chamber of the country's parliament, the Oliy Majlis, according to reports in Uzbek media. Mirzamahmudov said water inflows to major hydropower facilities had fallen by 35%, directly impacting electricity production compared with last year. He was responding to a question from deputy Saydullo Azimov, who inquired about the ongoing decline in hydropower output. “The main reason for the drop in electricity generation at large hydropower plants compared to last year is the reduced water inflow,” Mirzamahmudov said. He added that while Uzbekistan has commissioned a number of small and micro hydropower stations, with capacities ranging from one to five megawatts, these facilities collectively produced only about 140 million kilowatt hours of electricity. This output, he noted, remains limited and cannot compensate for the shortfall at major plants. Mirzamahmudov reaffirmed the government's commitment to further developing the hydropower sector but acknowledged its heavy reliance on water availability. To reduce dependence on natural gas and enhance energy security, Uzbekistan is increasingly investing in alternative energy sources. “We are paying special attention to solar and wind power, as well as energy storage systems,” he said, noting that these options offer more consistent short-term performance. He also revealed plans to construct pumped-storage power plants, which store excess electricity for use during peak demand periods. However, he pointed out that building a large hydropower facility typically takes six to ten years, making green energy projects the most viable option for addressing immediate energy needs. In a related development, Uzbekistan and Tajikistan agreed in July to a new phase of electricity trade. Under the deal, power from Tajikistan’s Rogun Hydropower Plant will be exported to Uzbekistan at an initial rate of 3.4¢ per kilowatt hour. The agreement, which has a 20-year term with automatic extensions, builds on electricity exports that Tajikistan has supplied to Uzbekistan each summer since 2018.

Organization of Turkic States Discusses Key Eurasian Energy Projects

At the 5th meeting of ministers responsible for energy within the Organization of Turkic States (OTS), held on December 10 in Istanbul, OTS Secretary General Kubanychbek Omuraliev outlined major joint energy initiatives underway among member states. Founded in 2009, the OTS comprises Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, Uzbekistan, and Turkmenistan. Hungary and Northern Cyprus participate as observer states. Omuraliev touched upon the following projects: Major oil and gas routes such as the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, Baku-Tbilisi-Erzurum (BTE) gas pipeline, South Caucasus Pipeline, Trans-Anatolian Natural Gas Pipeline (TANAP), Trans Adriatic Pipeline (TAP), and the Iğdır-Nakhchivan gas pipeline; A strategic partnership between Azerbaijan, Kazakhstan, and Uzbekistan to develop and transmit green energy; The Azerbaijan-Georgia-Turkey-Bulgaria Green Energy Corridor, which extends the Central Asia-Azerbaijan corridor and opens new avenues for energy exports to Europe; Construction of the Kambarata-1 Hydropower Plant in Kyrgyzstan, a project jointly developed with Kazakhstan and Uzbekistan; and A planned Black Sea submarine cable to transmit renewable energy. Omuraliev emphasized that enhanced intra-OTS cooperation bolsters both the economic potential of member states and regional energy security. Ministers at the meeting noted the significant fossil fuel and clean energy resources held by OTS members and observers, describing the region as a strategic energy bridge between Asia and Europe. They stressed that advancing practical cooperation is essential amid growing global energy demand and the accelerating energy transition. Participants agreed to move forward with joint projects under the OTS framework, including the establishment of a Regional Center for Technologies and Green Initiatives. As previously reported by The Times of Central Asia, on December 5, the Board of Governors of the Turkic Investment Fund announced in Bishkek that the fund will begin operations in the first quarter of 2026. The Turkic Investment Fund is the first dedicated financial institution jointly established by OTS member states. Headquartered in Istanbul, its mandate is to promote economic cooperation, boost intra-regional trade, and support sustainable development by financing major joint initiatives across the region.

Kyrgyzstan’s Renewable Pivot and the Strategic Weight of China’s Rising Role

China’s energy engagement in Central Asia has undergone a quiet but decisive transformation since 2018. What was once a relationship built almost entirely on pipelines, hydrocarbons, and state-backed fossil fuel projects is now expanding into a much more diversified portfolio in which renewable energy plays an increasingly central role. Kazakhstan and Uzbekistan were the first to attract large-scale Chinese commitments in solar and wind power, yet Kyrgyzstan is quickly emerging as the newest frontier in this shift. Recent agreements demonstrate how Bishkek is rapidly positioning itself within China’s clean energy expansion. In 2022, Kyrgyzstan signed an agreement with Chinese investors to build a 1-gigawatt solar plant in Issyk-Kul. Furthermore, the government concluded another agreement with Shenzhen Energy Group for the construction of two additional power plants, one solar and one wind. The Energy Ministry has also reached an investment deal with States Technology Co. and San Energy Co. for a 250-megawatt solar facility in Batken. These projects indicate that Chinese capital is not only filling Kyrgyzstan’s immediate energy gaps, but is also beginning to reshape the country’s long-term energy structure. This push toward solar and wind arrives at a critical moment. Kyrgyzstan remains overwhelmingly dependent on hydropower, which generates more than 90% of the country’s electricity. Yet this climate-sensitive resource is now far less stable than in the past. Shifts in water levels driven by changing weather patterns have introduced new uncertainties into the country’s ability to meet domestic demand. At the same time, electricity consumption has surged at an unprecedented rate, rising by nearly one billion kilowatt hours in a single year due to newly launched industrial enterprises and rapid residential construction. The combination of climate volatility and soaring consumption has placed the energy system under severe strain. The government has declared a three-year energy emergency and introduced consumption restrictions designed to save approximately 40 kilowatt hours per month. Under these conditions, diversifying away from near-total reliance on hydropower is no longer optional but an urgent strategic necessity. Solar and wind investments offer a viable path forward. Expanding renewable capacity will give Kyrgyzstan a more predictable and resilient energy base, enabling the country to better manage seasonal shortages and climate-driven disruptions. Kyrgyzstan also imports all of its fossil fuels. As renewable capacity expands and the use of electric vehicles increases, the country could gradually reduce its dependence on oil imports from Russia, easing both financial pressures and geopolitical exposure. For this reason, cooperation with China represents more than a set of commercial transactions. It is evolving into a strategic pillar of Kyrgyzstan’s broader effort to strengthen energy security and modernize its power system. Chinese companies bring financing, technology, and implementation speed, all of which are essential for a country facing immediate and long-term energy risks. The benefits may extend beyond the domestic market. With sufficient renewable capacity, Kyrgyzstan could eventually re-enter regional electricity trade as an exporter. Some estimates suggest that cross-border energy sales could generate up to 220 million dollars annually in foreign currency earnings, providing a significant...

Tajikistan Completes Modernization of Kairakkum Hydropower Plant

On November 20, Tajik President Emomali Rahmon officially inaugurated three newly modernized hydroelectric units at the Kairakkum Hydropower Plant (HPP) in Guliston, located in the northern Sughd region. Situated on the Syr Darya River, the Kairakkum HPP comprises six hydroelectric units, the last of which was commissioned in 1957. Over nearly seven decades of operation, the plant’s equipment had become outdated, leading to a decline in generation capacity. The facility currently provides electricity to approximately 500,000 residents in Sughd province. A modernization project for the aging plant began in August 2019. The first three upgraded units were brought online in September 2024. With the completion of the remaining three units, all six have now been fully renovated. [caption id="attachment_39735" align="aligncenter" width="1024"] Image: president.tj[/caption] Each upgraded unit now has a capacity of 29 MW, bringing the plant’s total capacity from 126 MW to 174 MW, an increase of 60 MW. As a result, annual electricity generation has risen from 650 million kWh to 900 million kWh. The modernization was backed by a $196 million financing package led by the European Bank for Reconstruction and Development (EBRD), which included: An $88 million EBRD loan A $37 million loan from the European Investment Bank A $50 million loan and grant from the Green Climate Fund A $21 million loan and grant from the Climate Investment Funds (CIF), directed to state-owned utility Barki Tojik. Tajikistan, which possesses vast hydropower potential but suffers from chronic energy shortages, has prioritized hydropower projects in recent years. Chief among them is the ongoing construction of the massive Rogun Dam and hydropower plant. These initiatives aim not only to address domestic supply issues but also to establish Tajikistan as a regional electricity exporter.

Tajikistan Upgrades Nurek Dam to Boost Power Supply Ahead of Winter Crunch

Tajikistan’s massive Nurek hydroelectric dam – the world’s second-tallest – is undergoing a sweeping modernization to shore up the nation’s electricity supply ahead of the demanding winter season. The 300-meter-high dam, completed in 1980 on the Vakhsh River near the Afghan border, has long been a strategic asset, supplying approximately 70% of Tajikistan’s power. As winter approaches and energy demand peaks, crews at the 3,015 MW hydropower plant are racing to upgrade aging turbines and infrastructure to ensure reliable electricity across the country. The overhaul, which began several years ago, promises not only to keep the lights on through harsh weather but also to boost Nurek’s capacity and extend the life of a facility that has defined Tajikistan’s energy landscape for five decades. A Soviet-Era Marvel at the Heart of Tajikistan’s Power Grid When it was completed in 1980, Nurek was the tallest dam in the world, a record it held for years as a feat of Soviet engineering, with the earth-fill embankment forming a vast reservoir of 98 km² that stores some 10.5 billion cubic meters of water. Between 1972 and 1979, nine giant hydro turbines were installed, giving Nurek an original design capacity of approximately 2,700 MW. Over time, improvements brought its output to just over 3,000 MW. In addition to producing power, the reservoir also supports major irrigation across the Amu Darya basin with one scheme alone - via the Dangara tunnel - irrigating roughly 70,000 hectares, underscoring its dual importance for energy and agriculture. For Tajikistan, a mountainous country of roughly 10.8 million people, Nurek has been nothing short of an economic lifeline. Hydropower accounts for roughly 98% of Tajikistan’s electricity generation, one of the highest shares of renewable energy in the world. This green energy dominance is largely thanks to Nurek and a network of smaller dams. However, the infrastructure is aging, and after 50 years of service, Nurek’s machinery had begun to falter. By the mid-2010s, winter electricity shortages had become common. During the cold months from late September to April, the hydrological cycle leaves Tajikistan with reduced river flow, just as heating needs spike. In those winters, rural areas often faced power rationing and outages, while the capital Dushanbe and other major cities narrowly avoided blackouts. Modernizing Nurek became essential to prevent a return to the severe energy crises of the past and to meet the country’s development goals. Upgrading and Expanding a Giant A comprehensive rehabilitation of Nurek began in earnest in recent years, backed by international financing, including the World Bank. The overhaul is split into phases: Phase I of the modernization — covering four of Nurek’s nine generating units along with major dam-safety works — is scheduled for completion by the end of 2026. Phase II will then refurbish the remaining six units. The upgrades are substantial - new high-efficiency Francis turbines will raise each unit’s capacity from 335 MW to 375 MW. In October 2022, the first upgraded unit came online, producing about 10% more power than before. By August...