Today, under the chairmanship of Faizali Idizoda, Chairperson of the Majlisi Namoyandagon (Lower House) of the Majlisi Oli (Supreme Assembly) of the Republic of Tajikistan, the next session of the first sitting of the seventh convocation of the Majlisi Namoyandagon was held.
At the session, the Protocol on Amendments to the Agreement between the Government of the Republic of Tajikistan and the Government of the Russian Federation on Cooperation in the Operation of the Sangtuda Hydroelectric Power Plant-1 dated July 30, 2009, was reviewed and the corresponding decision was adopted. The main purpose of this Protocol is to stabilize the financial situation of the company "Barqi Tojik."
Within the framework of the Protocol, the capital volume of the parties totaling 847 million is linked to the US dollar. The introduction of preferential tariffs will begin in 2025, with tariffs in the first year set at 1.5 US cents, rising to 2.2 US cents by 2032. The investment payback period for the parties under this project has been extended from 20 years to 35 years (an additional 15 years from 2034 to 2048).
By ensuring the implementation of the revised provisions of the current agreement, the following results are expected for the country’s energy sector: gradual full cancellation of loans as of December 31, 2024, amounting to 3.257 billion somoni, equivalent to 297 million US dollars, during the period 2025-2034; reduction of electricity purchase tariffs by 1.5 US cents—from 3.168 US cents to 2.1 US cents starting March 2 until the end of 2032, reaching 2.2 US cents, which is also below the current tariff level. From 2033 to the end of 2048, the tariff will remain at 3.3 US cents.
According to analysis, the financial effectiveness of the negotiation results and provisions of this Protocol for the period 2025-2049 is estimated at 588 million US dollars.
The agenda was presented to the deputies of the Majlisi Namoyandagon by Manuchehr Safarzoda, Deputy Minister of Energy and Water Resources of the Republic of Tajikistan, and Mukhamadullo Sheralizoda, Chairperson of the Committee on Energy, Industry, Construction, and Communications.