Samsung interested in Tajikistan


January 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.