The Challenge

The Government of Tajikistan wanted a Techno-Economic Assessment Study (TEAS) for the proposed Rogun Hydroelectric power project. This project potentially represented one of the largest hydroelectric dams in the world with an installed generating capacity of up to 3,600 MW. IPA was engaged as part of a consortium comprising Coyne et Bellier of France and ELC Electroconsult of Italy to undertake this study.

Our Solution

The TEAS examined basic geological and hydrological data, engineering and design issues, construction costs and schedule, and the Project’s economic and financial feasibility. IPA delivered economic and financial analyses for this Project based on the technical engineering and cost inputs derived by consortium partners.

IPA developed a power market model of the interconnected Central Asia region using our proprietary ECLIPSE platform, and identified the prospective economic benefits of nine different possible configurations (dam heights and installed capacities) for the Project based on both the potential cost savings for Tajikistan over the lifetime of the project (compared to not building it) and its standalone economic net present value. From this, we were able to recommend one specific design option for further detailed study. We also built a bespoke financial model to identify a high-level range of funding possibilities for the Project, considering various funding sources and financing structures.