Kyrgyzstan, IFC Seal Deal For Second Phase Of Solar Energy Project
Date
6/11/2024 5:32:47 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, June 11. The Ministry of
Energy and the Ministry of Economy and Commerce of Kyrgyzstan have
signed an agreement with the International Finance Corporation
(IFC) for the second phase of a solar energy development project,
Trend reports.
According to the Ministry of Economy and Commerce, the document
was signed following the International investment Energy Forum in
Vienna.
The second phase is expected to include projects for two solar
power plants with a capacity of 100–150 MW each in the Batken and
Talas regions.
This agreement solidifies the ongoing partnership between the
Kyrgyz government and IFC to establish a solar power park with a
maximum capacity of 500 MW across various project stages. The
objective is to enhance the utilization of sustainable energy
sources in order to fulfill the rising need for electricity.
In the first phase of this cooperation, IFC assisted Kyrgyzstan
in conducting a comprehensive analysis and structuring a pilot
solar power project with a capacity of 100–150 MW, planned for the
Kochkor district in the Naryn region.
Currently, IFC is helping to conduct an international tender to
attract a private investor. Four major international companies have
submitted applications for the announced tender, and an evaluation
is underway to determine the list of qualified candidates. The next
stage of the tender is expected to begin in the coming weeks.
The project is focused on boosting domestic electricity
production in Kyrgyzstan, expanding the range of energy sources,
and minimizing greenhouse gas emissions. It aligns with the
country's Energy Sector Development Strategy until 2035, developed
with the assistance of the World Bank, which includes the
development of 1,500 MW of renewable energy in the coming
years.
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