Kyrgyzstan urges investors to invest in construction of HPPs

“Kyrgyzstan is one of the leaders in the Central Asian region in terms of their water reserves,” President Sadyr Zhaparov said at the Russia + Central Asia Summit in Astana, 24.kg reported.

In the context of global climate change, Kyrgyzstan intends to gradually switch to renewable energy sources, primarily in hydropower, with the simultaneous introduction of resource-saving and environmentally friendly technologies, Zhaparov said.

“The energy potential of the country’s water resources is estimated at about 150 billion kilowatt-hours. But today we use less than 10% of our potential. Therefore, the Kyrgyz side is interested in further enhancing cooperation in the field of attracting direct investment in the energy sector, building hydroelectric power plants and developing renewable energy sources.”

In June 2022, the construction of the Kambarata HPP-1 on Naryn river has started. Kazakhstan and Uzbekistan confirmed their interest in participating in the construction of this hydroelectric power plant, the President of Kyrgyzstan added.

He also stressed that the implementation of this project will strengthen energy security and optimize the use of water resources in the region. Zhaparov invited all other investors to mutually beneficial investment cooperation in the hydropower complex, including on the principles of public-private partnership. He noted that small and medium-sized hydroelectric power plants play a very important role in ensuring the water and energy security of the entire region.

In terms of hydropower resources, Kyrgyzstan ranks second in Central Asia.

inozPRESS.kg,
Oct. 14, 2022