IsDB Signs Agreement Worth $150 Million for Rogun Hydroelectric Power Station in Tajikistan

Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda sign the agreement on Monday. (SPA)
Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda sign the agreement on Monday. (SPA)
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IsDB Signs Agreement Worth $150 Million for Rogun Hydroelectric Power Station in Tajikistan

Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda sign the agreement on Monday. (SPA)
Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda sign the agreement on Monday. (SPA)

Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda signed on Monday a financing agreement worth $150 million for the Rogun hydroelectric power station.

Tajik Minister of Economic Development Zfqi Zfqizoda attended the signing ceremony that took place in the capital, Dushanbe.

The strategic project aims to increase energy production in Tajikistan, provide clean electricity, and boost regional cooperation in the energy field.

By investing in the Rogun hydropower plant, the IsDB reaffirms its commitment to sustainable energy solutions and regional development.



German Economy Minister Says EU Open for Talks on China Tariffs

German Vice Chancellor and Economy Minister Robert Habeck poses for pictures alongside National Development and Reform Commission (NDRC) Chairman Zheng Shanjie following the opening session of the German-Chinese Climate and Transformation Dialogue in Beijing, China June 22, 2024. REUTERS/Maria... Purchase Licensing Rights
German Vice Chancellor and Economy Minister Robert Habeck poses for pictures alongside National Development and Reform Commission (NDRC) Chairman Zheng Shanjie following the opening session of the German-Chinese Climate and Transformation Dialogue in Beijing, China June 22, 2024. REUTERS/Maria... Purchase Licensing Rights
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German Economy Minister Says EU Open for Talks on China Tariffs

German Vice Chancellor and Economy Minister Robert Habeck poses for pictures alongside National Development and Reform Commission (NDRC) Chairman Zheng Shanjie following the opening session of the German-Chinese Climate and Transformation Dialogue in Beijing, China June 22, 2024. REUTERS/Maria... Purchase Licensing Rights
German Vice Chancellor and Economy Minister Robert Habeck poses for pictures alongside National Development and Reform Commission (NDRC) Chairman Zheng Shanjie following the opening session of the German-Chinese Climate and Transformation Dialogue in Beijing, China June 22, 2024. REUTERS/Maria... Purchase Licensing Rights

Germany's Economy Minister Robert Habeck said during his visit to China on Saturday that the European Union's door is open for discussions regarding EU tariffs on Chinese exports.

"What I suggested to my Chinese partners today is that the doors are open for discussions and I hope that this message was heard," he said in his first statement in Shanghai, after meetings with Chinese officials in Beijing, Reuters reported.

Habeck's visit is the first by a senior European official since Brussels proposed hefty duties on imports of Chinese-made electric vehicles (EVs) to combat what the EU considers excessive subsidies.

Habeck said there is time for a dialogue between the EU and China on tariff issues before the duties come into full effect in November and that he believes in open markets but that markets require a level playing field.

Proven subsidies that are intended to increase the export advantages of companies can't be accepted, the minister said.

Another point of tension between Beijing and Berlin is China's support for Russia in its war in Ukraine. Habeck noted Chinese trade with Russia increased more than 40% last year.

Habeck said he had told Chinese officials that this was taking a toll on their economic relationship. "Circumventions of the sanctions imposed on Russia are not acceptable," he said, adding that technical goods produced in Europe should not end up on the battlefield via other countries.