According to the Interfax news agency, the plant’s construction is being part-financed by Russia’s United Energy Systems (UES) and from Russia’s state budget, with part of Russia’s funding coming from the repayment of a Tajik state debt to Russia, which currently totals US$50M.
The Sangtuda Hydropower Plant-1 company has issued additional shares worth US$277M, with investor stakes in the plant currently amounting to 52.6% for the Russian government, 23.2% for the Tajik state, and the remaining stakes owned by UES and other Russian and Tajik companies.
The 670MW plant will produce 2.7BkWh of electricity each year when completed. Electricity will be supplied to the Tajik grid and exported to Afghanistan, Pakistan and Iran. The total project cost will be around US$500M, with Russia providing about half this sum.
