Salini Impregilo sings $4.85 billion in new contractsStaff writer ▼ | July 5, 2016
Italina industry group Salini Impregilo signed a framework agreement worth $3.9 billion to build a hydroelectric project in Tajikistan.
Construction Salini to work in Tajikistan and Kuwait
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.
Salini Impregilo has signed with Kuwait’s Public Authority for Housing Welfare a $955 million contract, announced June 17, to build an urban residential development northwest of Kuwait City as part of the South Al Mutlaa Housing Project.
The contract, which was signed by Minister of State for Housing Affairs Yasser Abel, will have a consortium led by Salini Impregilo and including Kolin of Turkey build the largest city in Kuwait with nearly 400,000 residents. ■