(MENAFN- Trend News Agency) BISHKEK, Kyrgyzstan, April 8. In Kyrgyzstan,the lease period for state-owned land plots used for buildingrenewable energy facilities has been extended from 5 to 25 years,Trend reports.
According to the Cabinet of Ministers of Kyrgyzstan, thecorresponding resolution was signed by the Chairman of the Cabinet,Akylbek Japarov.
As per the resolution, if investors fail to act promptly afterleasing land for renewable energy projects in Kyrgyzstan, the landwill be reclaimed. This includes cases where they lack necessaryproject documents within three months, funding plans or preliminaryfeasibility studies within six months, or fail to startconstruction within one year of obtaining the land.
It is noted that the document is aimed at the development,implementation, and construction of renewable energy facilities, aswell as the introduction of new generating capacities.
According to the International Renewable Energy Agency (IRENA),Kyrgyzstan's renewable energy capacity reached 3,210 MW in2023.
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