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Energy

Rogun spends three-quarters of its annual budget by August

Emomali Rahmon inspected Rogun and heard the year's arithmetic, in a visit Avesta reported on Friday: 8.4 billion of the 11.4 billion somoni allocated for 2026 is already spent, 7 months in. His instruction, delivered on the dam, was to finish "within the established timelines" and to have the reservoir at 1,140 m by early September.

Rogun spends three-quarters of its annual budget by August

The dam's crest has reached the 1,155 m mark, 190 m of a designed 335. More than 49 million cubic metres of material are placed, 61% of the design volume. 8 million came this year. Prime minister Kokhir Rasulzoda delivered the report: over 20,000 workers, 4,000 machines, 5,944 monitoring instruments set into the structure.

The money is moving faster than the rock. Since 2008 the state has put 60.3 billion somoni into the site; this year's allocation, up from 8.1 billion in 2025, is 74% gone. 4 months remain. International lenders hold a separate line: $650 million from the World Bank and more than $1.9 billion from other institutions, above $2.55 billion in all.

Unit 4 is due by September 2027. That is the schedule S&P priced a week ago when it lifted Tajikistan to B+ and noted the dam still needs another $5.8 billion; the rating and the deadline now share a dependency.

โ€œThe money is moving faster than the rock.โ€

Rahmon's public line stayed on schedule and security: the timely completion of Rogun, he said, is "of vital and strategic importance for Tajikistan" in a period when energy security ranks among every country's priorities. The dam is at 57% of its designed height; the budget is at 74% of its year.