Foreign Investors Look to Build Power Plants in the Kyrgyz Republic with a Capacity of 3.6 Gigawatts
Energy companies from France and the UAE plan to invest in hydropower and renewable energy projects with a total capacity of 3.6 gigawatts in Kyrgyzstan. The capacity of the Toktogul hydroelectric station is already more than 1.2 gigawatts. The President of the Kyrgyz Republic expressed confidence that the practical implementation of the agreements will soon begin. As part of the World Climate Summit in Dubai, the Ministry of Energy of the Kyrgyz Republic, the French company EDF, and the UAE state company, Masdar signed a memorandum in the energy sector. The foreign partners assured that summit they are ready to cooperate with the Kyrgyz Republic and implement the projects provided for in the memorandum. In his speech, Energy Minister, Taalaibek Ibraev focused on the potential of Kyrgyzstan in the field of electricity generation and further cooperation with investors. The signing ceremony took place in the presence of President Sadyr Japarov, after which further negotiations took place with representatives of both companies. Japarov emphasized that the Kyrgyz side will provide everything necessary to ensure high-quality implementation of the terms of the memorandum, the presidential press service reported. Japarov also called on participants at the meeting to pay special attention to the hydropower potential of the Kyrgyz Republic, which today no more than 13% of has been utilized. He emphasized that the country has taken a firm course towards the development of a “green” economy. Masdar representatives noted the importance of the solar power plant construction project being implemented in the Issyk-Kul region, and stated that they would use their experience “to support Kyrgyzstan’s clean energy goals”.
