Nov. 9 2012 (The Conway Bulletin) – Local media quoted sources in the Uzbek government as saying that the Saudi Arabia-based Islamic Development Bank (IDB) will finance part of a $168m scheme to modernise two hydropower plants near Tashkent. The IDB has not confirmed the finance deal which some media said would total $100m.
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(News report from Issue No. 113, published on Nov. 16 2012)
OCT. 31 2012 (The Conway Bulletin) – Underlying a blossoming partnership, media reported that Armenian President Serzh Sargsyan and Iranian President Mahmoud Ahmadinejad had discussed in a telephone conversation the progress of a series of joint projects, including the delayed construction of a $330m hydropower station on the border.
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(News report from Issue No. 111, published on Nov. 2 2012)
SEPT. 5 2011 (The Conway Bulletin) – Iranian President Mahmoud Ahmadinejad and Tajik President Emomali Rakhmon officially unveiled the new Sangtuda-2 hydropower station near Dushanbe, underlining the close ties between the countries. Tajikistan views new dams as vital for power but they have created tension with Uzbekistan, which is worried about water supply.
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(News report from Issue No. 55, published on Sept. 6 2011)
APRIL 7 2011 (The Conway Bulletin) – Following warnings of low water levels, Tajikistan has now extended its seasonal electricity restrictions, AP reported. Water running off the Pamir Mountains is vital for both Tajikistan’s hydroelectric dams and the cotton fields of downstream Uzbekistan and Turkmenistan.
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(News report from Issue No. 35, published on April 11 2011)
MARCH 24 2011 (The Conway Bulletin) – Russia said it would scrap tax on fuel exports to Kyrgyzstan and agreed to invest $750m in Kyrgyz hydroelectric projects, local media reported. Russia and the US are vying for influence in Kyrgyzstan where they both control an airbase.
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(News report from Issue No. 33, published on March 28 2011)
FEB. 7 2011 (The Conway Bulletin) – Georgia is considering an IPO to sell off 25% of both its state oil and gas company and the company distributing electricity around the capital Tbilisi, Reuters quoted the Georgian energy minister, Alexander Khetaguri as saying. Georgia plans to use the cash to build hydroelectric power stations.
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(News report from Issue No. 26, published on Feb. 7 2011)
JAN. 7 2011 (The Conway Bulletin) – The European Investment Bank, the European Union’s investment unit, agreed to lend Georgia €20m ($26.8m) to upgrade two hydroelectric plants, bringing to €175m ($234m) euro its loan portfolio to Georgia. The bank’s website said the European Bank for Reconstruction and Development (EBRD) would also lend €20m for the hydroelectric project.
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(News report from Issue No. 22, published on Jan. 11 2011)