(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, October 25. The World Bank
(WB) is ready to provide comprehensive support for the construction
of the Kambarata-1 hydropower plant (HPP) project in Kyrgyzstan,
Trend reports.
According to the Cabinet of Ministers of Kyrgyzstan, Beatrice
Maser, Executive Director at the World bank Group, made this
statement during a meeting with Adylbek Kasymaliev, First Deputy
Chairman of the Cabinet of Ministers, on the sidelines of the
annual meetings of the World Bank and the IMF in Washington,
DC.
Maser confirmed the WB's commitment to supporting projects aimed
at the economic development of Kyrgyzstan, including the Kambarata
HPP-1.
She emphasized the significance of this project not only for
Kyrgyzstan but also for the entire Central Asian region,
highlighting its potential to enhance regional energy security and
sustainable development.
During the discussion, Kasymaliev underscored the importance of
the Kambarata HPP-1 project as a driver of energy security and
regional cooperation in Central Asia.
“The implementation of this project will not only provide
Kyrgyzstan with clean and affordable energy but will also create
new jobs, stimulate economic growth, and enhance the country's
investment attractiveness,” he said.
At the end of the meeting, Kasymaliev invited Maser to visit
Kyrgyzstan, describing it as an important step toward strengthening
bilateral cooperation with the World Bank.
Construction of the Kambarata HPP-1 is set to begin in 2025,
with the first hydro unit expected to be commissioned in 2028. The
preliminary cost of the project ranges from $4.5 billion to $5
billion, with a capacity of 1,860 MW. The Kambarata HPP-1 is
anticipated to produce 5.6 billion kWh of electricity annually.
On July 11, 2024, the World Bank's Board of Executive Directors
approved an extra $13.6 million to support the ongoing technical
assistance for the Kambarata HPP-1 construction project, which
originally had a budget of $5 million.
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