Tajikistan : Nurek Hydropower Rehabilitation Project Phase 2 (AIIB-001141)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Tajikistan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Nurek
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 1, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Tajikistan
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 220.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 220.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 335.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jul 9, 2026

Disclosed by Bank Jul 1, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the AIIB, the project development objective is to rehabilitate and increase the generating capacity of five power generating units of the Nurek hydropower plant (HPP) and improve their efficiency, thereby ensuring greater stability of green energy supply across Tajikistan.

The Project is designed to deliver substantial development benefits by preserving low-cost renewable generation, increasing annual electricity output through efficiency gains, improving system reliability during both winter and summer months, and supporting continued expansion of electricity exports.

The Project includes the rehabilitation of the Nurek Bridge located downstream of the HPP dam and spillways. The rehabilitation of the bridge has been included in the Project primarily to improve access to the Nurek HPP and to reduce the volume of Project vehicles in Nurek town.

The proposed Project components are as follows:

  • Component A: Rehabilitation of Five Generating Units - Key Infrastructural Components of the Plant (to be jointly financed by AIIB and WB)
    • Summary of Contracts Planned under Component A
      (a) Package 1:
      1. Rehabilitation of two generating units
      2. Rehabilitation of three generating units
      (b) Package 5: Penstock inspection and emergency repair works (Phase 1 financing gap carryover)
      (c) Package 5-2: Full rehabilitation of penstocks (Zone IV manifold, and remaining sections of Zone II and III)
      (d) Package 3b: Installation of intake service gate
      (e) Package 6: Rehabilitation of powerhouse facilities, associated Nurek HPP buildings
      (f) Package 7: Reconstruction of Nurek Bridge
      (g) Package 8: Procurement of heavy machinery for Nurek HPP
  • Component B: Technical Assistance (to be jointly financed by AIIB and WB)
    This component is a technical assistance intended to support project implementation and strengthen the institutional capacity of Barqi Tojik (BT). This includes continued support from an experienced Project Management Consultancy (PMC) for the design review, procurement, supervision, and contract management; capacity building for utility and plant staff in dam safety, operations and maintenance, project management, and compliance with environmental, social, and occupational health and safety (OHS) requirements; and the conduct of studies to enhance sector resilience, including hydrological risk and climate adaptation analyses.
  • Component C: Enhancement of Dam Safety (to be parallel financing by EFSD)
    This component will finance activities to improve the operational safety of the Nurek HPP. The scope of work that will be undertaken under this package is expected to be finalized by August 2026 and will depend on the results of the investigations to be carried out under the previous contract. This component will be entirely financed by the Eurasian Fund for Stabilization and Development (EFSD).
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

According to the AIIB, the total project cost is USD335 million for Component A and B:

  • WB Financing: USD115 million
  • AIIB Financing: USD220 million

Parallel Financing: USD30 million for Component C (Enhancement of Dam Safety)
Component C (Enhancement of Dam Safety) forms part of the overall Nurek HPP Rehabilitation Phase 2 Program and will be financed separately by EFSD under a parallel financing arrangement. No portion of the proposed AIIB loan will finance Component C.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the AIIB, Barqi Tojik (BT) is an open stock holding company in Tajikistan.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - OJSHC Barqi Tojik Contractor Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AIIB Team Leader:

Edzwan Redza bin Anwar - Senior Investment Officer
Email: edzwan.anwar@aiib.org

World Bank Team Leader:

Chris Trimble - Senior Energy Specialist
Email: ctrimble@worldbank.org

Borrower - Republic of Tajikistan:

Faiziddin Qahhorzoda - Minister of Finance, Republic of Tajikistan
Email: investdiv@mail.ru

Implementing Agency - Barqi Tojik (BT):

Farkhod Shukurzoda - Executive Director of PRG Energy Loss Reduction, OJSC BT
Email: elrpbt@gmail.com

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

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