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IsDB Signs $150m Agreement for Hydroelectric Power Station in Tajikistan

POSTED ON June 11, 2024 •   World      BY Abiodun Saheed Omodara
Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda sign the agreement on Monday. l Credit:SPA

Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda signed on Monday a financing agreement worth $150 million for the Rogun hydroelectric power station.

Tajik Minister of Economic Development Zfqi Zfqizoda attended the signing ceremony that took place in the capital, Dushanbe.

The strategic project aims to increase energy production in Tajikistan, provide clean electricity, and boost regional cooperation in the energy field.

By investing in the Rogun hydropower plant, the IsDB reaffirms its commitment to sustainable energy solutions and regional development.

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