Samsung interested in Tajikistan
28, 2010, Rakhim Nazarov
The South Korean company Samsung C&T is interested in Tajikistanís investment and economic projects.
A delegation from Samsung arrived in Tajikistan to explore the business potential of the country and the
possibility of implementing joint projects. They met with heads of several Tajikistanís ministries.
Khamrokhonom Zarifi, Tajikistanís Minister of Foreign Affairs, gave the
Korean delegation a detailed perspective on the Tajik economic context and its
investment climate, noting the great potential for mutually beneficial
cooperation in the field of natural resources development. The Korean visitors
showed an interest in projects involving new environmental technologies, as
well as their willingness to consider Tajikistanís project to increase access to safe drinking water. This project
will utilize equipment powered by solar cells.
An agreement on the construction of a high-voltage power transmission line was
signed with Tajikistanís Ministry of Energy and Industry. The Korean company is planning
to build a 110 kilometer transmission line Sangtuda-Regar
with a 500 kilovolt capacity. The project is worth $50 million. These funds
will be allocated by the Korean company as a loan at an interest rate of 0.5
percent per annum. This project would increase the reliability of Tajikistanís power supply.
In early March, Samsung experts will revisit Tajikistan to conduct a feasibility study of the project to construct the
transmission line Sangtuda-Regar. Implementation of
the project is planned to start this year. According to Tajikistanís Ministry of Energy and Industry, several projects in the field of
industry were also presented to the Korean company for consideration.