Salini Impregilo: Framework agreement for $3.9 billion in Tajikistan
THE FIRST LOT WORTH $1.95 BILLION SET TO BEGIN: ROGUN, THE TALLEST DAM IN THE WORLD
MILAN, JULY 1, 2016 – Today, Salini Impregilo signed a framework agreement worth $3.9 billion to build a hydroelectric project in Tajikistan. The Group has also been assigned the first lot of the work worth $1.95 billion. It consists in the building of a 335-metre-high rockfill dam with a clay core, the tallest in the world, on the Vakhsh River. The dam will be located in Pamir, one of Central Asia’s main mountain ranges.
The agreement between Salini Impregilo and OJSC “Rogun Hydropower Project” (the state-run company that is coordinating the project) concerns the exploitation of the Pamir’s huge hydroelectric potential and includes four lots. The three remaining lots are seen being assigned to the Group by Sept. 30, 2016.
Once completed, the plant will have 6 turbines of 600 MW each with a total installed capacity of 3,600 MW (the equivalent of three nuclear power plants).
Rogun will double energy production in Tajikistan, strongly contributing to reducing power shortages suffered during the winter months when thousands of families need light and heating. The project will also increase agricultural activity through irrigation thanks to a more efficient use of water.
The most significant impact will be to make Tajikistan a point of reference for the energy sector in the region. Pakistan and Afghanistan have already declared their intention to buy some of the energy to be produced by Rogun, and many more neighbouring countries are expected to do the same.
Together with the June 26 inauguration of the new Panama Canal, this contract confirms the leadership role in the water segment played by the Group, which has built more than 250 dams throughout the world since its inception.