EU Plans Investment in World’s Tallest Dam to Dent Russia’s Energy Clout

• 7 July 2022
• Construction Focus
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The European Union plans to become the top investor in the world’s tallest dam in Tajikistan, EU officials told Reuters, in a move aimed at helping Central Asia cut its reliance on Russian energy and part of the EU’s answer to China’s Belt and Road Initiative.

The Rogun Dam is expected to cost around US$8 billion, of which US$3 billion has already been spent, the Tajik energy minister Dalyor Juma told Reuters in June. While it has been largely financed by the Tajik government’s bonds and private loans to date, the government in Dushanbe has requested EU financial and technological support in completing the project, an EU official familiar with the talks said.

The EU official, who declined to be named because was not authorised to speak to the media, said a key reason for the EU to become a top investor in the hydropower dam was to make Tajikistan and its neighbours independent from Russian energy.

Credit to Reuters

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