The State Development Bank of the Kyrgyz Republic, in coordination with the Ministry of Finance of the Kyrgyz Republic, is financing the construction of six hydroelectric power plants and one solar power plant as part of the implementation of the National Development Program until 2030, approved by the Decree of the President of the Kyrgyz Republic.
The total cost of the projects is 21.6 billion soms. The total installed capacity is 148.3 MW, with a planned annual output of 629.7 million kWh of electricity. The projects will cover approximately 16% of the country’s current electricity deficit and improve the resilience of the national energy system.
The projects are being implemented within the framework of a coordinated state investment policy: the Ministry of Finance is providing macro-financial coordination and resource base formation, and the State Development Bank is acting as the operator of long-term project financing. The development of in-house generation is aimed at reducing electricity imports, decreasing dependence on external energy markets, and creating a favorable investment environment.
The projects provide a multiplier economic effect: job creation during construction and operation; increased tax revenues to local and national budgets; development of associated infrastructure—roads, power lines, and utility networks; and expanded irrigation capacity and support for the agricultural sector.
The financed projects fall within the renewable energy sector and contribute to reducing the carbon footprint and developing a green economy.
The State Development Bank continues to serve as the key institution for long-term financing of strategic projects aimed at strengthening energy independence and sustainable economic growth in the Kyrgyz Republic, in close collaboration with the Ministry of Finance of the Kyrgyz Republic, which implements state investment policy and manages the country’s resource base.