Tajikistan to Raise Cash for Rogun Hydel Plant

11 January 2010 (Last Updated January 11th, 2010 18:30)

Tajikistan has started selling shares of the Rogun hydroelectric power plant in a bid to raise about $1.4bn for completing the project. The cash-strapped government has been unable to finance the plant, which will include the world’s highest dam, so it has decided to raise funds by sell

Tajikistan has started selling shares of the Rogun hydroelectric power plant in a bid to raise about $1.4bn for completing the project.

The cash-strapped government has been unable to finance the plant, which will include the world’s highest dam, so it has decided to raise funds by selling shares directly to the Tajik public, reports Reuters.

The hope is that the new Rogun plant will solve the country’s chronic lack of energy by doubling domestic electricity output.