EDB Stands Ready To Finance Hydropower Plant Construction Project In Kyrgyzstan
Date
12/5/2024 5:19:00 AM
(MENAFN- Trend News Agency)
ALMATY, Kazakhstan, December 5. The Eurasian
Development bank (EDB) is ready to finance the Kambarata-1 HPP
(hydropower plant) construction project in Kyrgyzstan, Chairman of
the Board of the Eurasian Development Bank (EDB) Nikolay Podguzov
said during a final press conference today, Trend
reports.
"We are working on this project with the World Bank. We are
ready to allocate funds for technical assistance with the
Feasibility Study (FS). We are also prepared to allocate up to $500
million for the implementation of the project," Podguzov
explained.
He pointed out that the exact cost of the project is still
unknown.
"However, I believe the cost will amount to $3-4 billion," he
added.
To note, the Kambarata-1 HPP is a hydropower plant under
construction on the Naryn River in the Toktogul district of the
Jalal-Abad region. It's part of the Naryn-Syrdarya cascade of
hydropower plants, serving as its upper stage. The Kambarata-1 HPP
is located 14 kilometers upstream from the Kambarata-2 HPP. Once
completed, it will become one of the largest hydroelectric plants
in Central Asia. The construction is being carried out by the
"Electric Plants" OJSC, with the first hydro-generator scheduled to
be commissioned in 2028.
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