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Sat 18 Jun 2005 04:00 AM

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Iran to build a multi million- dollar dam and power plant

The total cost for constructing the dam and the power plant is estimated to be US $220 million.

Iran and Tajikistan have signed an agreement to build a dam and a power plant on the Vakhsh river in Nurek, in the west of Tajikistan.

The total cost for the construction of the dam and the 220-megawatt power plant is estimated to be US $220 million.Iran is due to allocate $180 million for the implementation of the project.

Iran’s Energy Minister Habibollah Bitaraf and his Tajik counterpart, Jurabeck Nurmahmadov, signed the agreement.

A company named ‘Sangtudeh 2 Project’ is due to be established in Tajikistan to follow up on the necessary procedures, with various Iranian firms forming the group of official stockholders for the company.

According to a report, Bitaraf said that the Sangtudeh project would pave the way for Iranian companies to implement water development projects in Tajikistan on a large scale.

Iran’s contribution to construction of big dams and hydropower plants would be an opportunity for Tajikistan to make good use of Iranian experience in this field, he added.

Pointing to the good relations between Tehran and Dushanbe, Bitaraf voiced his country’s readiness for co-operating in the field of water development projects in Tajikistan.

He added that Tajikistan is naturally gifted with rich water and electricity potentials, which have facilitated the country’s water and electricity supply.

The Tajik minister said that the Sangtudeh 2 power plant is the seventh in his country on the Vakhsh river.

He has predicted that the multi million-dollar project will be completed in four years.

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