Kyrgyzstan's Kambarata-1 Plant To Boost Regional Energy Security - EDB (Exclusive)
Date
10/24/2024 1:09:50 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 24. The construction
of the Kambarata-1 hydropower plant on the Naryn River is set to
enhance the energy security of the entire region, Chairman of the
Board of the Eurasian Development bank (EDB) Nikolay Podguzov said
in an interview with Trend .
"I would first like to highlight the increased regional
cooperation in the water-energy sector and its development. A
notable example of such cooperation is the significant progress on
the Kambarata-1 Hydropower Plant project on the Naryn River,"
Podguzov stated.
He reminded that the governments of Kyrgyzstan, Kazakhstan, and
Uzbekistan have agreed to jointly establish a joint-stock company
for the construction of the Kambarata-1 Hydropower Plant, with
Kyrgyzstan holding 34 percent, Kazakhstan 33 percent, and
Uzbekistan 33 percent.
"Preparatory work is underway. The plant will have a capacity of
1,860 megawatts and will produce 5.6 billion kilowatt-hours of
electricity annually. The plant's construction under the principles
of cross-border public-private partnerships addresses both the
energy and water security needs of the region," Podguzov
emphasized.
The Chairman also noted that the development of new transport
routes, new gas transport infrastructure, warehouse construction,
digitalization of the economy, increasing demands for modern urban
infrastructure, the rapid growth of cargo transportation with
China, and its active involvement in regional energy infrastructure
development are shaping Kyrgyzstan's economic policy in response to
the challenges of the water-energy complex in the Aral Sea
basin.
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