World Bank Puts Kyrgyzstan’s Kambarata HPP-1 At Forefront Of Global Energy Innovation

(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, April 22. The construction
of the Kambarata Hydropower Plant-1 (HPP-1) in Kyrgyzstan is among
the World Bank’s priority projects, said Antonella Bassani, the
Vice President of the World Bank for Europe and Central Asia,
Trend reports via
the Cabinet of Ministers of Kyrgyzstan.

Bassani made the statement during a meeting with Adylbek
Kasymaliev, Chairman of the Cabinet of Ministers of Kyrgyzstan,
held in Washington, D.C., on the sidelines of the Spring Meetings
of the International Monetary Fund and the World Bank Group.

She praised the long-standing partnership with Kyrgyzstan and
described the Kambarata HPP-1 initiative as a“transformative and
outstanding project” for the entire region. Bassani also expressed
admiration for Kyrgyzstan’s economic progress, noting the country’s
rapid reform implementation and steady advancement of the
hydropower project.

In turn, Kasymaliev emphasized the strategic importance of
Kambarata HPP-1 for the energy security of Kyrgyzstan and the wider
region. He noted that the plant is expected to become one of the
largest hydropower facilities in Central Asia, enabling Kyrgyzstan
to export electricity to neighboring countries and significantly
reduce carbon emissions.

“This project will make a substantial contribution to the
country’s commitments under the Paris Agreement and will support
the implementation of the global green agenda,” Kasymaliev
said.

Last year, the World Bank approved an additional $13.6 million
in funding for the ongoing technical assistance related to the
Kambarata-1 project. This is in addition to the $5 million
previously allocated to support the plant’s development. The
funding is being used to update the technical studies conducted in
2014, in order to reaffirm the project’s feasibility and economic
viability.

Kyrgyz Energy Minister Taalaibek Ibraev had previously stated
that Kambarata-1, located on the Naryn River in the Toktogul
district, is expected to take 6.5 years to complete. With an
installed capacity of 1,860 MW, the plant is projected to generate
5.6 billion kWh of electricity annually. The total cost of the
project is estimated at $3.5 billion, with construction scheduled
to begin by the end of this year, subject to financing.

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