The International Investment Energy Forum in the Austrian capital, Vienna, concluded with the establishment of the Coordination Donor Committee for the construction of Kambaratinskaya HPP-1, the press service of the Kyrgyzstan Government reports.
The initial members of the Coordination Donor Committee include the World Bank, OPEC Fund, Asian Development Bank, Asian Infrastructure Investment Bank, Islamic Development Bank, European Bank for Reconstruction and Development, among others.
The first session of the committee is scheduled for autumn 2024.
The forum participants also signed several documents:
- Interagency agreement on cooperation for the "Kambaratinskaya HPP-1" project between the energy ministries of Kyrgyzstan, Kazakhstan, and Uzbekistan;
- Memorandum of Understanding on the "Support for the Strengthening of the Power Grid of the Kyrgyz Republic" to finance the "500 Kilowatt Kemin - Balykchi Transmission Line" project;
- Agreement between the Kyrgyz Republic and the International Finance Corporation on the second phase of the solar energy development project;
- Financing agreement for the projects "Modernization of the Dolinka Substation" and "Reconstruction of the Rechnaya Substation";
- Memorandum of Cooperation in the implementation of investment projects in the energy sector between the National Investment Agency under the President of the Kyrgyz Republic and the Chinese International Engineering Corporation, an energy consulting group.
"Summarizing the forum, I can confidently say that we have made significant progress in establishing contacts and understanding the further steps. I am confident that the Coordination Donor Committee will be a continuation of the actions and the 'countdown' to the implementation of the national project — the construction of the Kambaratinskaya HPP-1," said the Prime Minister of Kyrgyzstan, Akylbek Zaparov.
The Kambaratinskaya HPP-1 is a hydroelectric power station under construction in Kyrgyzstan on the Naryn River, in the Toktogul district of the Jalal-Abad region.
This HPP is part of the Naryn-Syrdarya cascade of HPPs, being its upper stage, located 14 km above the Kambaratinskaya HPP-2.
After the completion of the construction, the Kambaratinskaya HPP-1 will become one of the largest hydroelectric power stations in Central Asia.
The construction of the station is carried out by JSC "Electric Stations." The first hydro unit is planned to be put into operation in 2028.
President of Kyrgyzstan Sadyr Japarov launched the construction of the Kambaratinskaya HPP-1 on June 8, 2022. Initially, about $20 million was allocated for the project. According to the techno-economic justification of the project developed by a consortium from the Canadian SNC-Lavalin International Inc. and the Russian "Southern Engineering Power Center," the construction of the HPP required $2.9 billion in 2014 prices. However, on April 13, 2024, the President of Kyrgyzstan announced that the project costs would amount to $5-6 billion, with a payback period of 13-15 years.
CentralasianLIGHT.org
June 11, 2024