Iran, Tajikistan agree on debt payments for Sangtoudeh project

Business Materials 8 October 2014 16:22 (UTC +04:00)

Baku, Azerbaijan, Oct.8

By Fatih Karimov - Trend:

Iran and Tajikistan have reached an agreement that the Central Asian country will start paying its debts for the Sangtoudeh project after January 2016, Taher Shah-Hamed, the chairman of Iran's Exports Guarantee Fund said, Iran's Fars news agency reported on October 8.

Tajikistan had a remaining debt of six installment payments, and has been delaying the payments for several years.

Iran and Tajikistan have invested around $180 million and $40 million respectively in the project. The Iranian contractor will hand the plant to Tajikistan in 12 years.

The first turbine of Sangtoudeh-2 power plant, some 180 kilometers from Tajikistan capital, Dushanbe, was inaugurated in 2011 simultaneous with Tajikistan's Independence Day.

Two 110MW units of the power plant are now supplying power to the Tajikistan national power grid.

Edited by S.I.