Kyrgyzstan Proposes Isdb To Consider Kambarata-1 HPP Financing
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, June 8. President of
Kyrgyzstan Sadyr Zhaparov proposed that the Islamic Development
Bank (IsDB) consider participating in the construction of the
Kambarata-1 hydropower plant (HPP) in the country, Trend reports.
This suggestion was made during Zhaparov's meeting with the
President of the IsDB, Muhammad Al Jasser.
Zhaparov emphasized Kyrgyzstan's priority in cooperating with
the IsDB, recognizing it as a respected financial institution that
has significantly contributed to the development of its member
countries over the past fifty years through various forms of
support.
He highlighted that one of the important outcomes of bilateral
cooperation with the IsDB is the implementation of the "My Home
2021–2026" program. Under this program, the bank will allocate $79
million to Kyrgyzstan to provide affordable housing, benefiting
around 1,800 families.
The president also noted that, despite global challenges,
Kyrgyzstan has demonstrated stable economic growth in recent years.
In 2023, the country's GDP exceeded one trillion soms (nearly $13.4
billion), marking a historic milestone.
In response, the IsDB president acknowledged Kyrgyzstan's unique
natural resources, which offer great potential for the development
of green energy. He expressed his readiness to deepen cooperation
in implementing large-scale projects.
Muhammad Al Jasser also proposed considering financing for small
hydropower plant construction projects, human resource development,
poverty reduction, and support for socially vulnerable
families.
To note, the Kambarata-1 on the Naryn river is the largest
hydroelectric project in Kyrgyzstan and is expected to become one
of Central Asia's largest hydropower ventures. Once completed, the
HPP will have a capacity of 1,860 MW and will produce 5.6 billion
kWh of electricity per year. Preliminary estimates indicate that
the dam will be 256 meters high and that the reservoir will hold
more than 5.4 billion cubic meters of water.
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