Rogun Dam Fiscal Analysis - Tajikistan

Over a period of three months (March - June 2014), CRI conducted a stakeholder assessment of the fiscal impacts of the Rogun Hydro Power Plant in Tajikistan. CRI modelled the flow of funds that would be created by the project and accrue to various project stakeholders, which included the Government of Tajikistan, the Rogun Joint Stock Company, Barki Tojik, Electricity Trading Countries, Domestic Consumers, and Local Private Shareholders. 

The financial model developed by CRI allowed for a consistent assessment of several scenarios and their impacts on the project's stakeholders. The model was designed to be flexible and dynamic so that simulations of long-term loan agreements under various loan terms (interest rates, fees, grace periods, and principal repayment profiles) could be conducted to ascertain their impacts on the project stakeholders.