A top Tajik energy official said Tuesday that Russian aluminum giant OAO Rusal is continuing work to complete the Rogun hydropower plant, but added that other investors may be invited to join the project.
First Deputy Energy Minister Pulot Mukhitdinov said his ministry and Rusal had settled disputes over the size of the dam and would continue working together. "But it does not exclude participation of other investors," he told journalists.
President Emomali Rakhmonov said Friday that Tajikistan will renew construction of the Rogun without foreign funding next year.
Rusal pledged in 2004 to invest more than US$1 billion (euro790 million) in the power plant on the Vakhsh River, 120 kilometers (75 miles) east of the capital, Dushanbe. Tajikistan had long sought an investor to complete the construction, which was interrupted by the 1992-97 civil war.
The completion of the plant would allow Tajikistan to sell electricity to neighboring China, as well as to Pakistan and Afghanistan. Once completed, the plant will produce 13.4 billion kilowatt-hours a year, according to the Tajik Energy Ministry.
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