Bishkek (TDI): The Eurasian Development Bank, the Ministry of Energy and the Ministry of Economy and Commerce of Kyrgyzstan have inked a trilateral Memorandum of Cooperation for the Suusamyr-Kokomeren Hydropower Plant Cascade Project.
The memorandum outlines the banks’s commitment to extending financial assistance for the preparation of project documentation, including a pre-feasibility study.
The deal focuses on developing the financial model for the project, estimating capital costs, evaluating environmental and social impacts, and determining technical solutions and government support steps required for its success.
The Suusamyr-Kokomeren HPP Cascade will be located on the Kokomeren River and is likely to play an important role in Kyrgyzstan’s energy sector.
The cascade will consist of 3 hydropower plants with a combined capacity of 1,305 Mega Watt, meeting the country’s growing electricity demands.
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Kyrgyzstan’s Deputy Minister of Economy and Commerce Sanjar Bolotov stressed the importance of the project, stating that this major project will not only meet Kyrgyzstan’s domestic electricity needs but also position the country as a leading exporter of clean energy in the region.
The EDB is a multilateral development bank that includes Kazakhstan, Kyrgyzstan, Armenia, Belarus, Russia, and Tajikistan as member countries.
It is dedicated to investing in development projects across Eurasia.
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The Suusamyr-Kokomeren HPP Cascade is part of flagship investment project of the EDB, the Central Asian Water and Energy Complex.
This initiative aims to boost water and energy cooperation among Central Asian nations while addressing local socio-economic challenges.
