About ten international donors have expressed readiness to support the construction of the Kambar-Ata HPP-1. Kyrgyzstan’s Minister of Energy, Taalaibek Ibraev, announced this at the third roundtable on the project, held on September 25–26 in Brussels, reports Economist.kg.
According to the minister, each financial institution outlined its own lending conditions. Kyrgyzstan intends to carefully review all the proposals before selecting the most suitable options. “If our own contribution amounts to 34%, we will need around $1.5 billion. Donors have submitted proposals worth $3.1 billion, including grants and concessional loans with repayment terms of more than 20 years,” Ibraev said.
The minister stressed that the project must be fully self-sustaining and should not rely on state subsidies. He noted that Kyrgyz energy specialists had already completed the feasibility study and presented the preparatory work to partners. “Donors confirmed that the project is economically viable. As you know, international financial institutions always conduct thorough assessments before committing funds. Over the past year, they received detailed information from us and, based on that, agreed to hold meetings and present their terms,” he explained.
Ibraev added that Kyrgyzstan is currently most interested in the proposals of the Asian Development Bank, the Italian Development Bank, and the Islamic Development Bank. Negotiations with these institutions are expected to continue in the near future.
Kambar-Ata HPP-1, with a planned capacity of 1,860 MW, is set to become the largest hydropower plant in Kyrgyzstan and one of the key strategic energy facilities in Central Asia. The plant, to be built on the Naryn River, is expected to strengthen the country’s energy security and boost the region’s export potential.
CentralasianLIGHT.org
September 29, 2025