Sustainable Financing for Rogun HPP - Phase 2 (WB-P513856)

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
Vakhsh River
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
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
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
Jun 30, 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)
$ 300.00 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)
$ 300.00 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)
$ 300.00 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.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 31, 2026

Disclosed by Bank May 27, 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.

According to the World Bank, Phase 2 will complete the construction process for the Rogun HPP project that commenced under Phase 1. Specific activities to be financed through the Phase 2 project include:

(i) Supply and installation of electro-mechanical equipment for Units 1 and 2; 
(ii) Design, supply and installation of new generators for Units 5 & 6;
(iii) Implementation support for the resettlement action plan;
(iv) Project implementation support; and
(v) Hydrometeorological equipment.

The project comprises four components:

(a) Component 1 – Construction Activities. This component finances the continuation of civil and electromechanical works across all major construction lots, covering the period from the Phase 2 grant. Effectiveness through project closing in December 2035.
(b) Component 2 – Project Implementation Support. This component finances the consultancy services and institutional arrangements required to ensure quality, safety, and compliance across all construction and environmental and social (E&S) activities.
(c) Component 3 – Resettlement Action Plan (RAP) and Livelihood Restoration Plan (LRP) Implementation. This component supports the Directorate for the Flooding Zone (DFZ) in implementing the RAPs and LRPs for villages affected by reservoir impoundment. Phase 2 covers resettlement activities associated with impoundment levels from 1,185 masl to 1,300 masl (RAP 3-4-5, scheduled for 2026–2032, are covering up to 45 villages). By permanently relocating communities away from areas subject to inundation, the component directly reduces their long-term exposure to flooding and climate-related risks, while the livelihood restoration measures, including vocational training, agricultural support with expanded land plots, and preferential loans for small business start-ups, are designed to build more diversified and resilient livelihoods, strengthening affected households' capacity to adapt to future climate pressures.
(d) Component 4 – Hydrometeorological Activities. This component finances the procurement of monitoring instrumentation and technical assistance for the Vakhsh River basin and reservoir management, including support to the national Hydromet service. This component strengthens the data infrastructure needed for safe dam operations and downstream flood risk management.

The Rogun Hydropower Plant (HPP) is the centerpiece of Tajikistan’s long-term energy vision, and is central to the country's growth ambition, fiscal sustainability, and job creation, while contributing to regional integration and energy security at the national and regional level. The Rogun HPP is a 3,780-Megawatt (MW) facility under construction on the Vakhsh River with an expected average annual generation of about 14,400 Gigawatt hours (GWh) - roughly 60 percent of today's national generation and around 7 percent of Central Asia's total.

Once completed, Rogun will become the main pillar of Tajikistan's electricity system, by closing the current gap in electricity supply and eliminating recurring power cuts, while providing seasonal regulation for the cascade and enhancing system resilience, including through flood risk mitigation downstream. Tajikistan has faced challenges with energy security that undermine economic growth and jobs. Least-cost planning indicates Rogun's guaranteed, low-cost output will help meet Tajikistan's demand reliably at an affordable cost, while enabling greater integration of variable renewable energy domestically.

In addition, about 50 percent of the energy generated is expected to be exported to Kazakhstan and Uzbekistan under long-term commercial arrangements,1 which will provide balancing services, displace more expensive fossil fuel generation, contribute to energy security in Central Asia, and facilitate the development of a regional electricity market.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
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 Bloomberg, Webuild SpA designs, constructs, and operates in the sectors of sustainable mobility, hydropower, water, wastewater management, and green buildings. Webuild serves customers worldwide.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Webuild Group SpA Contractor Infrastructure contracts with OJSC Rogun HPP Client Hydropower

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.

World Bank Team Leaders:

Chris Trimble - Senior Energy Specialist

No contacts provided at the time of disclosure.

Implementing Agencies - 

Rogun Open Joint Stock Company:

No contacts provided at the time of disclosure.

Directorate for the Flooding Zone:

No contacts provided at the time of disclosure.

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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