Kyrgyzstan has significantly increased funding for the country's
energy sector in the first 10 months of this year,Trend reports
with reference to the Ministry of Finance of Kyrgyzstan.
During the reporting period, a total of 12.6 billion soms
($149.2 million) were allocated to the energy industry of
Kyrgyzstan, which is 6.2 billion soms ($73.4 million) more compared
to the same period of last year.
According to the forecasts of the ministry, by the end of 2022,
the amount allocated for the development of energy and energy
security in Kyrgyzstan will reach over 15.6 billion soms ($184.7
Earlier on November 16, it was announced that Chairman of the
Cabinet of Ministers of Kyrgyzstan Akylbek Japarov signed a
document to establish a Green Energy Fund.
The Green Energy Fund will be a public institution established
to direct funds to finance the design, maintenance, subsidy,
repair, reconstruction, construction and development of green
energy infrastructure in Kyrgyzstan.
As of November 24, 2022, the official exchange rate set by the
National Bank of Kyrgyzstan is KGS 84.43/1 USD.
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