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Wednesday, 09 June 2004

RUSSIA CONSIDERING INVESTING WITH IRAN IN TAJIK ENERGY SECTOR

Published in News Digest

By empty (6/9/2004 issue of the CACI Analyst)

Russia is ready to invest in Tajikistan\'s energy sector jointly with Iran, the head of Russia\'s electricity grid said Wednesday. \"We know that Tajikistan\'s neighbor, Iran, is interested in a number of projects, including the Sangtuda hydroelectric power station, and we are interested in joint analysis of the situation to see the possibility of joining the consortium,\" Anatoly Chubais, the head of Russia\'s Unified Energy Systems, said in the Tajik capital, Dushanbe. Chubais met Wednesday with President Emomali Rakhmonov and said the Tajik leader favored conducting a three-way meeting among Russia, Tajikistan and Iran on the energy issue.
Russia is ready to invest in Tajikistan\'s energy sector jointly with Iran, the head of Russia\'s electricity grid said Wednesday. \"We know that Tajikistan\'s neighbor, Iran, is interested in a number of projects, including the Sangtuda hydroelectric power station, and we are interested in joint analysis of the situation to see the possibility of joining the consortium,\" Anatoly Chubais, the head of Russia\'s Unified Energy Systems, said in the Tajik capital, Dushanbe. Chubais met Wednesday with President Emomali Rakhmonov and said the Tajik leader favored conducting a three-way meeting among Russia, Tajikistan and Iran on the energy issue. Tajikistan is a mountainous country with rich water resources, but it lacks investment capital to complete the construction of its largest energy projects _ the Rogun and Sangtuda hydroelectric power stations. Impoverished Tajikistan owes Russia US$300 million. An assessment last month of the Sangtuda project estimated that up to US$520 million was needed for its completion. (AP)
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