• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09174 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09174 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09174 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09174 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09174 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09174 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09174 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09174 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
21 January 2025

Viewing results 1 - 6 of 9

Rosatom to Build 100 MW Wind Farm in Kyrgyzstan

Rosatom Renewable Energy, the wind power division of Russia’s State Atomic Energy Corporation Rosatom, has signed an investment agreement with Kyrgyzstan’s Cabinet of Ministers to construct and operate a 100 MW wind farm in Kok-Moinok village, located in the Issyk-Kul region The agreement was formalized by Taalaibek Ibraev, Kyrgyzstan’s Minister of Energy; Grigory Nazarov, Director General of Rosatom Renewable Energy; and Dmitry Andreyev, Director General of NovaWind Kyrgyzstan, LLC. The project represents Rosatom’s first export initiative in wind power generation. A ceremonial milestone was reached in September 2024 with the laying of a time capsule at the site of the future wind farm. Design and survey work, along with equipment procurement, is slated to begin in 2025. Rosatom's Broader Role in Kyrgyzstan Rosatom has been actively advancing strategic energy projects in Kyrgyzstan. In January 2022, the company and Kyrgyzstan’s Ministry of Energy signed a memorandum of cooperation to construct low-power nuclear power plants based on the RITM-200N reactor. Additionally, Rosatom is contributing to the development of Kyrgyzstan’s hydroelectric capacity, including the construction of the Leilek HPP (5.9 MW), Jerooy HPP (28 MW), and Chandalash HPP (30 MW). These efforts reflect the company’s diversified approach to strengthening the country's energy sector. Kyrgyzstan continues to face electricity shortages, particularly during the harsh winter months. To tackle this issue, the country is investing in a mix of renewable energy projects, including solar and wind farms, as well as large hydroelectric power plants. Rosatom’s 100 MW wind farm in Kok-Moinok is expected to play a significant role in diversifying Kyrgyzstan’s energy sources and enhancing energy security.

Rivers Without Boundaries Coalition Criticizes Rogun HPP Plans

Rivers Without Boundaries, an international environmental organization, has released a detailed report analyzing alternative strategies for completing the Rogun Hydroelectric Power Plant (HPP) in Tajikistan. This report has been submitted for review to the World Bank Board of Directors. The report highlights the importance of exploring alternative energy development options in Tajikistan before committing to the $6.4 billion Rogun HPP project. The coalition advocates for solutions that minimize environmental and social risks while maximizing long-term benefits for the region. Environmentalists caution that even if the World Bank approves the construction of the world's tallest dam, standing at 335 meters, many of Tajikistan's pressing challenges will remain unresolved. Persistent electricity shortages, for example, are projected to continue until at least 2036, despite the project’s completion. Additionally, the project poses significant threats to the UNESCO-listed Tigrovaya Balka Nature Reserve and the endangered shovelnose sturgeon in the Vakhsh River. Agricultural disruption is another major concern, as over seven million people across Tajikistan, Uzbekistan, Turkmenistan, and Afghanistan risk losing access to vital water resources for farming. The coalition proposes an alternative approach that combines a smaller Rogun HPP with the development of solar power plants. By reducing the dam’s height by 70 meters, the plan could substantially lower economic, social, and environmental risks. This modified strategy offers several benefits, including reducing the number of displaced residents from 40,000 to roughly 13,000. Moreover, integrating solar energy into the energy mix could enable Tajikistan to meet its winter electricity demands by 2030–31 while enhancing resilience to climate change. Diversifying the energy sector would also mitigate long-term economic vulnerabilities. Previously, Rivers Without Boundaries published a report titled “Rogun Hydroelectric Power Plant Project: Non-Compliance Report with World Bank Requirements,” which detailed how the Rogun HPP project violates the World Bank’s environmental and social standards in six critical areas: environmental assessment, biodiversity protection, resource efficiency, dam safety, public participation, and forced displacement. The coalition calls on the World Bank and Tajik authorities to consider alternative solutions that align energy development with environmental sustainability and social responsibility, ensuring a balanced and equitable approach to the region’s energy needs.  

ADB to Help Kazakhstan Move Away from Coal Power Generation

Kazakhstan’s Ministry of Energy and the Asian Development Bank (ADB) have signed a memorandum of understanding, moving closer to the possible early retirement of a coal plant in Kazakhstan under the bank’s Energy Transition Mechanism (ETM) program. Under the memorandum, the ministry and ADB will work toward a pilot transaction that will demonstrate a pathway to significantly reduce Kazakhstan’s greenhouse gas emissions by decommissioning pilot coal plants for renewables or other low-c or repurposing carbon energy technologies. A feasibility study will determine which of the country’s coal-fired power generation, combined heat and power plants and heat-only boilers could be the most viable for early retirement. ADB and Kazakhstan have also agreed to analyze the potential impact of early decommissioning or repurposing of a plant on the country’s power and heat supply, develop the country’s renewable energy generation capacity, and promote regional energy trade. ADB Director General for Central and West Asia Yevgeniy Zhukov commented: “Keeping 1.5 degrees alive means moving away from fossil fuels and toward clean energy as quickly as possible—and ADB’s ETM program aims to do that in a way that considers each country’s energy and socioeconomic development needs. As Asia and the Pacific’s climate bank, we are committed to helping Kazakhstan inclusively decarbonize its economy, and we aim to demonstrate how the clean energy transition can be accelerated in Central Asia.” Minister of Energy of Kazakhstan Almassadam Satkaliyev added, “Kazakhstan will need to develop a new approach in the power, heating, and water sectors as a single technological system, and we rely on ADB’s support and experience. I hope this program will demonstrate new systems' technological shift and reliability through ETM, which can then be replicated in other plants and regions.” Kazakhstan is a major consumer of coal, with 25 billion tons of coal reserves estimated to be the eighth largest worldwide. About 70% of the country’s electricity is produced from coal, while energy-related activity, including heat and electricity production, accounts for more than 80% of the country’s total greenhouse gas emissions. Kazakhstan’s long-term strategy for achieving carbon neutrality by 2060 involves reducing its use of fossil fuels and increasing its renewable power generation capacity.

Central Asia to Develop a Unified Platform for Electricity Trade

Uzbekistan's Deputy Minister for Energy Umid Mamadaminov announced at the European Economic Days in Tashkent on November 6 that a unified platform for electricity trade is being developed in Central Asia. Mamadaminov said that Uzbekistan is developing this platform with the support of the World Bank and other partners. “Infrastructure is very important for integrating renewable energy sources such as wind and solar, and many countries face this problem. We need at least 5,000 km of power lines, including 500 kV and 200 kV high-voltage lines and substations,” Mamadaminov said. At least 2,000 km of power lines should be built in the next two years. “We have already signed contracts to install more than 2,000 MW of energy storage systems with a total capacity of more than 400 MW, as each is a two-cycle network. We will have at least 4,000 MW of basic capacity in the next two years. This helps to respond to fluctuations in solar energy production quickly,” the deputy minister said. According to Mamadaminov, automation is the main problem in integrating renewable energy sources into the electric grid because the system cannot be controlled without it. In addition, this year, reforms to modernize and regulate energy consumption, including a new plan developed by the Cabinet of Ministers, were implemented in Uzbekistan. Uzbekistan’s energy system, especially electricity generation, relies heavily on fossil fuels. However, the country aims to produce 25% of its electricity from renewable sources by 2030. Uzbekistan plans to focus on solar energy while using wind, biomass, and hydro sources to achieve this goal. The government is working to attract investors to build 8 GW of solar and wind power and increase hydroelectric capacity to 1.935 GW by 2030. Biogas production from biomass and organic waste will also be developed.

IFC Provides $240 Million Loan to Boost Uzbekistan’s Renewable Energy

The IFC has announced a $240 million Islamic Equity Bridge Loan for ACWA Power to boost Uzbekistan’s renewable energy sector. The announcement was made at the 8th Future Investment Initiative conference in Riyadh, Saudi Arabia. The financing will cover a 1-gigawatt solar PV plant, a 668-megawatt Battery Energy Storage System (BESS), and around 500 kilometers of high-voltage transmission lines. These projects aim to advance Uzbekistan’s clean energy goals, potentially cutting greenhouse gas emissions by 1.3 million tons of CO2 annually and generating around 2,400 gigawatt hours of electricity per year. Al Muhaidib, ACWA Power's Chief Financial Officer, stated that “we are honored to collaborate with IFC on this transformative project in Uzbekistan, which embodies our shared vision of advancing sustainable energy solutions. This initiative will establish a new standard for cross-border ACWA Power recourse funding support, effectively addressing energy demands while championing environmental sustainability.” The $240 million financing, structured as an Islamic Finance Murabaha, includes an A-Loan of up to $227.75 million and a $12.25 million trust loan through IFC’s Managed Co-Lending Portfolio Program. This funding will support ACWA Power’s equity contributions to the project’s development over the next four years. By optimizing equity returns, this structure helps project developers offer competitive tariffs and attract private investors, advancing Uzbekistan’s goal of reaching 40% renewable energy by 2030. “This project reflects IFC’s commitment to tackling climate change, accelerating the clean energy transition in emerging markets, and supporting public and private sector entities in Saudi Arabia with innovative investments in the region and beyond,” said Laura Vecvagare, IFC’s Regional Head of Industry for Infrastructure and Natural Resources in the Middle East, Central Asia, Türkiye, Afghanistan, and Pakistan. Saudi company ACWA Power’s investment portfolio in Uzbekistan now includes eight projects worth over $6.8 billion, with a more than 5.5 GW design capacity. The company’s success highlights Uzbekistan as an attractive investment hub and a leader in renewable energy in Central Asia.

Kazakhstan, Kyrgyzstan and Uzbekistan Determine Operating Mode for Toktogul Reservoir

Following a meeting in Tashkent to coordinate the region's water and energy balance, ministers from Kazakhstan, Kyrgyzstan, and Uzbekistan determined a preliminary operating mode for Kyrgyzstan’s Toktogul reservoir for the autumn-winter period. Kyrgyzstan’s largest Toktogul hydroelectric power plant (HPP) reservoir on the Naryn River releases water downstream to Kazakhstan and Uzbekistan providing essential irrigation for fields in Kazakhstan's dry southern regions. In winter, the plant which produces around 40% of Kyrgyzstan’s electricity, releases more water to generate electricity to meet the country’s power shortages. Kazakhstan and Uzbekistan are now interested in helping Kyrgyzstan maintain a sufficient volume of water in the Toktogul reservoir for use during the 2025 irrigation season; a goal which could be achieved by exporting Kazakh and Uzbek electricity to Kyrgyzstan during the winter months. Commenting on the proposal, Kazakhstan’s Minister of Water Resources and Irrigation Nurzhan Nurzhigitov, stated: "An important area of cooperation for our countries is the water and energy sector. This year has become a vivid example of deepening such regional cooperation. We [Kazakhstan] have met our water needs thanks to the joint measures. For a downstream country, this is extremely important. First, it is used to fill the North Aral Sea. We will continue to adhere to the agreements reached for the autumn-winter period to provide farmers with irrigation water next year." The Kazakh Ministry of Water Resources and Irrigation announced on October 14 that the irrigation season had ended in all regions of the country and during the growing season, from April 1,  the Ministry supplied Kazakhstan's farmers with about 11.2 billion cubic meters of water.  Nurzhigitov also drew attention to the vital role of water diplomacy in preventing a shortage of irrigation water this year, with  Kyrgyzstan, Tajikistan, and Uzbekistan sending more water to Kazakhstan than planned. As previously  reported by The Times of Central Asia the Toktogul reservoir accumulated more water this year than last.