DUSHANBE, July 11, 2014, Asia-Plus – In June, Barqi Tojik power holding (the state-owned utility responsible for generation, transmission, and distribution of electricity in Tajikistan) reportedly paid 14 million somoni to open joint-stock company (OJSC) Sangtudinskaya GES-1, which operates the Sangtuda-1 hydroelectric power plant (HPP).

According to Sangtudinskaya GES-1, Tajik power holding now owes 418.4 million somoni to it. 

Barqi Tojik is reportedly repaying its debt in accordance with schedule.  Since the beginning of this year, Tajik power holding has repaid 72.1 million somoni to OJSC Sangtudinskaya GES-1.

According to Sangtudinskaya GES-1, the Sangtuda-1 HPP has reportedly generated more than 1 billion kWh of electricity since the beginning of the year.

In all, the Sangtuda-1 HPP has reportedly generated 11.5 billion kWh of electricity since January, 2008, when the first unit of the Sangtuda-1 HPP was introduced into operation.

We will recall that the first unit of the Sangtuda-1 HPP was introduced into operation on January 20, 2008 and Tajik and Russian presidents officially unveiled the fourth and last unit of the Sangtuda-1 HPP on July 31, 2009.

The construction of the Sangtuda-1 hydropower plant located some 110 kilometers southeast of Dushanbe began in the late 1980s.  By the early 1990s, only 20% of the construction work had been completed, and further construction was suspended due to a civil war that broke out in Tajikistan in the early 1990s.  The talks between Russia and Tajikistan on completing the construction of the Sangtuda-1 HPP began in 2003 and in 2004 the parties signed an inter-governmental agreement.

Russian-Tajik OJSC Sangtudinskaya GES-1 was established to complete the construction of the Santuda-1 power plant.  Russia’s Inter RAO YeES and the Ministry of Energy and Industries of Tajikistan signed an agreement on the establishment of the company in Dushanbe on February 16, 2005.

Russia owns 75% percent of the shares minus one share and Tajikistan assumes the 25% ownership interest plus one share in Sangtudinskaya GES-1.