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China has opportunity to build world’s tallest dam Rogun in Tajikistan

Vakhsh river Tajikistan

Vakhsh river Tajikistan

Albanian Minerals CEO Sahit Muja said “It’s the right time to start building world’s tallast dam, the heart of world’s hydroelectric power and green energy system will bee the Tajikistan’s Rogun Dam.
This dam would power the poorer areas of Tajikistan, Afghanistan, Pakistan, Kyrgyzstan, Uzbekistan”. Mr Muja said “People’s Bank of China has accumulated $3 trillion in foreign currency reserves this is the best project to invest in the world Tajikistan has huge mineral reserves and this energy will crate a huge opportunity for China”.

The Rogun Dam hydroelectric power plant is projected to be the tallest construction in the world, 335 meters (1100 feet).
The Rogun Dam this tremendous hydroelectric power plant would provide clean and inexpensive electricity to meet the energy needs of not only Tajikistan but trade the energy to China, Afghanistan, Pakistan, Kyrgyzstan, Uzbekistan, and other nearby nations.

Tajikistan suffered from a sharp electricity shortage. While hoping for the energy independence, the republic pinned great hopes for the end of the Rogun HPP construction. The designated capacity of the Rogun HPP is 3,600 megawatts. It has the world’s highest 335-metre dam.

Tajikistan’s economy grew 7.5 percent in 2012 faster than in 2011. Tajikistan relies heavily on aluminium and cotton exports, as well as the 25% of emigrants working in Russia.
Tajikistan’s gross domestic product (GDP) rose to $7.6 billion in 2012 the state statistics agency reported. In 2011 economy grew 7.4 percent.Industrial output growth accelerated to 10.4 percent in 2012 from 5.9 percent in 2011.
Tajikistan economy, cotton is the most important crop, and its production is closely monitored, and in many cases controlled, by the government. In the wake of the National Bank of Tajikistan’s admission in December 2007 that it had improperly lent money to investors in the cotton sector, the IMF canceled its program in Tajikistan.

A reform agenda is underway, according to which over half a billion dollars in farmer debt has been forgiven, and IMF assistance has been reinstated. Mineral resources include silver, gold, uranium, and tungsten. Industry consists mainly of a large aluminum plant, hydropower facilities, and small obsolete factories mostly in light industry and food processing. The civil war (1992-97) severely damaged the already weak economic infrastructure and caused a sharp decline in industrial and agricultural production.

Tajikistan’s economic situation remains fragile due to uneven implementation of structural reforms, corruption, weak governance, seasonal power shortages, and the external debt burden. Electricity output expanded with the completion of the Sangtuda-1 hydropower dam – finished in 2009 with Russian investment. The smaller Sangtuda-2, built with Iranian investment, began operating in 2012. The government of Tajikistan is pinning major hopes on the massive Roghun dam which, if finished according to Tajik plans, will be the tallest dam in the world and significantly expand electricity output. The World Bank is funding two feasibility studies for the dam (technical-economic, and social-environmental), scheduled to be completed in mid-2013.

In January 2010, the government began selling shares in the Roghun enterprise to its population, ultimately raising over $180 million but Tajikistan will still need significant investment to complete the dam. According to numerous reports, many Tajik individuals and businesses were forced to buy shares.

The coerced share sales finally ended in mid-2010 under intense criticism from donors, particularly the IMF. Food and fuel prices in 2011 increased to the highest levels seen since 2002 due in part to an increase in rail transport tariffs through Uzbekistan. Tajikistan imports approximately 60% of its food and 90% of that comes by rail. Uzbekistan closed one of the rail lines into Tajikistan in late 2011, hampering the transit of goods to and from the southern part of the country.