At a meeting on April 16 with Kyrgyz President Sadyr Japarov in Bishkek, Ahmet Mücahid Ören, Chairman of the Board of Directors of Turkey’s İhlas Holding, reaffirmed his company’s commitment to implementing two major energy projects in Kyrgyzstan: the construction of the Kazarman cascade of hydroelectric power plants (HPPs) on the Naryn River, and a 250 MW natural gas-fired combined heat and power plant (CHPP-2) in Bishkek.
İhlas Holding has previously established an open joint-stock company, Orta Asya Investment Holding (Central Asian Investment Holding), to facilitate its operations in Kyrgyzstan.
“We consider these projects in the fields of hydropower and thermal power generation as strategically important and a priority. We are confident that their implementation will serve as the basis for the sustainable development of the country’s energy sector and create conditions for subsequent investment initiatives,” Ören stated, according to the Kyrgyz president’s press service.
Japarov noted that preliminary research has been completed at the construction sites for the Kazarman cascade in the Jalal-Abad region. The studies were conducted by Central Asian Investment Holding in cooperation with the Kyrgyzhydroproject Institute.
In February 2025, Kyrgyzstan’s Ministry of Energy and Central Asian Investment Holding signed a protocol of intent to build the Kazarman cascade, which will have a total capacity of 912 MW. The Turkish company has committed to constructing three hydropower plants as part of the project:
- Ala-Buga HPP – 600 MW
- Kara-Bulun-1 HPP – 149 MW
- Kara-Bulun-2 HPP – 163 MW
Combined, these plants are expected to generate 3.746 billion kWh of electricity annually, significantly bolstering Kyrgyzstan’s power supply.
The meeting also addressed the construction of a second thermal power plant in Bishkek. Japarov emphasized that once operational in 2028, the new 250 MW natural gas-fired CHPP-2 will improve not only the capital’s heating and electricity supply but also its environmental conditions. The new facility aims to reduce reliance on the city’s aging coal-fired Thermal Power Plant, which currently serves as the primary source of electricity and heating.
Once completed, CHPP-2 is expected to meet Bishkek’s growing heating demands and reduce the risk of energy shortages.
