Tajikistan is building solar panel production thanks to Korean investment – ​​Korea Herald view

President of Tajikistan Emomali Rahmon laid the foundation stone for the construction of the first solar panel production plant in the Danghara Free Economic Zone in Tajikistan. (Embassy of Tajikistan in Seoul)

According to the Embassy of Tajikistan in Seoul, Tajikistan, with significant support from South Korea, launched its first solar panel factory in the Danghara Free Economic Zone on Saturday.

The project, led by Korean company Global Solar Wafer, is to be implemented in four stages, investing $2 billion and increasing local employment in Tajikistan, the embassy said. The facility is also expected to provide over 8,000 jobs, he added.

Wanting to attract foreign investment in the country, the Tajikistan government has allocated 22 hectares in the Danghara Free Economic Zone for the project.

Construction of the first phase is scheduled to begin in July 2024, with completion scheduled for March 2025 with the production of 5,000-megawatt solar panel equipment.

The establishment of this plant is seen as key to Tajikistan’s green economy strategy as it is expected to strengthen the country’s renewable energy infrastructure, aiming to achieve up to 1,000 megawatts of green energy production by 2030.

During the presentation of the facility, the President of Tajikistan Emomali Rahmon praised the deepening economic ties between Tajikistan and South Korea, citing this project as an excellent example of bilateral cooperation.

Bilateral trade turnover between Tajikistan and Korea reached $116.1 million in 2023.

According to the embassy, ​​there are currently over 13 Korean service and manufacturing companies operating in Tajikistan.