EBRD VP Highlights Highly Successful Cooperation With Kyrgyzstan In 2023
Date
2/28/2024 10:11:28 AM
(MENAFN- Trend News Agency) BISHKEK, Kyrgyzstan, February 28. The year 2023
proved to be a highly successful for cooperation between the
European bank for Reconstruction and Development (EBRD) and
Kyrgyzstan, Mark Bowman, Vice President for Policy and Partnerships
at the EBRD, said, Trend reports.
He made the remark during a meeting with Akylbek Japarov, the
Chairman of the Cabinet of Ministers of Kyrgyzstan. Bowman
disclosed the current status and progress of joint projects in
renewable energy sources, energy infrastructure recovery, and
rehabilitation. He emphasized that energy remains a top priority
for cooperation, as per the EBRD's perspective.
In turn, Japarov commended the EBRD's efforts in Kyrgyzstan,
acknowledging that energy security and efficiency have become
crucial not only for the country but also globally.
Japarov mentioned that the construction of the Kambarata-1
hydropower plant in Kyrgyzstan will significantly boost the
country's electricity generation, noting that preliminary financing
agreements for this project have been secured with international
financial institutions.
During the meeting, the sides addressed various key areas of
collaboration, including agriculture, tourism, water resources,
transportation, and light industry.
The meeting concluded with the signing of a memorandum of
understanding between Kyrgyzstan and the EBRD, aimed at supporting
the development of renewable energy sources in the country.
In 2023, the EBRD allocated 102 million euro across 22 projects
in Kyrgyzstan, marking the most substantial operational result of
the bank in the country over the past five years. Sixty-seven
percent of these projects were directed towards the private sector,
with nearly 40 percent of investments dedicated to green
initiatives.
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