The Kyrgyz Republic International Energy Investment Forum, held in Vienna, on June 10, concluded with the establishment of a Donor Coordination Committee for the construction of Kambarata HPP-1 hydropower plant in Kyrgyzstan.

The Kyrgyz Cabinet of Ministers said that the doors are open to interested parties but to date, the committee comprises major international financial institutions and development partners, including the World Bank, the OPEC Fund, the Asian Development Bank, the Asian Infrastructure Investment Bank, the Islamic Development Bank, and the European Bank for Reconstruction and Development.

The Committee’s first meeting is scheduled for autumn this year.

An inter-ministerial agreement on cooperation on the Kambarata HPP-1 project was also signed by the Ministries of Energy of the Kyrgyz Republic, Kazakhstan, and Uzbekistan.

Summarizing the outcome of the forum, Chairman of the Cabinet of Ministers of the Kyrgyz Republic Akylbek Japarov announced: “We have made significant progress in establishing contacts and a common understanding of further actions. I am confident that the created Donor Coordination Committee will be a continuation of actions to implement the national project — the construction of Kambarata HPP-1.”

Japarov told forum participants that “According to experts, by 2050 the population in Central Asia will increase by 27%, the demand for food by 35%, and the consumption of drinking water by 50%. At the same time, water is the main artery of life in the countries of the Central Asian region. Countries located at the sources of large rivers account for 80.7% of the region’s total water flow.”

Regarding different countries’ priorities for water usage – downstream Kazakhstan and Uzbekistan use water in irrigation mode in summer, and upstream Kyrgyzstan and Tajikistan, in energy mode in winter -he warned “This situation affects the energy and food security in the region.”

He then provided a more detailed report on the Kambarata HPP-1 project: “Kambarata HPP-1 is located at the source of the glaciers. Effective operation of this power plant will allow the accumulation and rational use of water resources of the Toktogul reservoir. The Kambarata HPP-1 construction project has broad economic, environmental, and social benefits and prospects for both Kyrgyzstan and the Central Asian region. The project will provide the Kyrgyz Republic and Central Asia with clean energy at the lowest cost, which entails lower costs of the energy transition in the region. Electricity generation at hydroelectric power plants will reduce emissions of pollutants into the atmosphere.”

Reiterating the project’s key importance in meeting the growing demand for energy and increasing energy security in the region, Japarov continued: “The power plant will be sited in the upper reaches of the Naryn River. Its installed capacity will be 1,860 megawatts with an average annual generation of 5.6 billion kilowatt-hours of electricity. The preliminary construction estimate is more than $4 billion. The master plan of Kambarata HPP-1 includes a rock-fill dam, a hydroelectric power plant building with four hydraulic units, construction and operational spillways and transport tunnels, a residential village [for personnel], a reservoir and water treatment facilities.”

He confirmed that the project will have no negative impact on the region’s environment and ecology, and to further construction of the Kambarata HPP-1, the Cabinet of Ministers has pledged  $500 million for the period 2024-2030.

He concluded by emphasizing that the Kambarata HPP-1 project has been assigned the status of “national project” and called on international financial institutions, investors and companies to take part in its implementation.