(MENAFN- Trend News Agency) BISHKEK, Kyrgyzstan, April 17 . The Chairman ofthe Cabinet of Ministers of Kyrgyzstan, Akylbek Japarov, and theDeputy Managing Director at the International Monetary Fund (IMF),Bo Li, discussed the construction of the Kambarata-1 hydropowerplant (HPP) in Kyrgyzstan, Trend reports.
According to the Cabinet of Ministers, Japarov emphasized that,considering the scale of this strategic project and the potentialdividends for the country's energy security and economic growth,Kyrgyzstan is ready to consider various forms of cooperation inimplementing this grand project.
He also noted that Kyrgyzstan's economic growth over the pastthree years has averaged 7 percent.
In turn, Bo Li shared his views on the current challenges facingthe global economy, highlighting accelerating inflation, threats tofood security, and natural disasters. He also shared his plans tovisit Kyrgyzstan in 2024.
Following the meeting, the parties agreed to maintain activecooperation on all priority issues, including those discussedduring this meeting.
A delegation led by Chairman Japarov is currently in Washingtonto participate in the spring meetings of the boards of governors ofthe International Monetary Fund (IMF) and the World Bank Group(WBG).
The Kambarata-1 HPP on the Naryn River is the largesthydroelectric project in the country. This HPP, which is expectedto become one of Central Asia's largest hydropower ventures, willhave a capacity of 1,860 MW and a reservoir volume of 5.4 billioncubic meters, with an annual electricity generation of 5.6 billionkWh. In November 2023, Kyrgyzstan signed a contract with the WB for$5 million in technical assistance to modify the Kambarata-1 HPPfeasibility study.
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