Salini Impregilo wins $3.9bn Tajikistan Hydro Project

expat network

Salini Impregilo wins $3.9bn Tajikistan Hydro Project

Salini Impregilo has signed a framework agreement worth $3.9 billion to build a hydroelectric project in Tajikistan. The Group has also been assigned the first lot of the work worth $1.95 billion. It consists in the building of a 335-metre-high rockfill dam with a clay core, the tallest in the world, on the Vakhsh River. The dam will be located in Pamir, one of Central Asia’s main mountain ranges.

The agreement between Salini Impregilo and OJSC “Rogun Hydropower Project” (the state-run company that is coordinating the project) concerns the exploitation of the Pamir’s huge hydroelectric potential and includes four lots. The three remaining lots are seen being assigned to the Group by September 30, 2016.

Once completed, the plant will have 6 turbines of 600 MW each with a total installed capacity of 3,600 MW (the equivalent of three nuclear power plants).

Rogun will double energy production in Tajikistan, strongly contributing to reducing power shortages suffered during the winter months when thousands of families need light and heating. The project will also increase agricultural activity through irrigation thanks to a more efficient use of water.

The most significant impact will be to make Tajikistan a point of reference for the energy sector in the region. Pakistan and Afghanistan have already declared their intention to buy some of the energy to be produced by Rogun, and many more neighbouring countries are expected to do the same.

Together with the June 26 inauguration of the new Panama Canal, this contract confirms the leadership role in the water segment played by the Group, which has built more than 250 dams throughout the world since its inception.

Source: www.salini-impregilo.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.