Bishkek, Kyrgyzstan, on August 12, the Ministry of Energy of Kyrgyzstan officially signed two investment agreements for hydropower projects with Orta Asya Investment Holding, a subsidiary of the Türkiye based ehlas Holding, with a total investment of about 10 billion dollars.

It is reported that these two key projects are the Kazarman hydropower station with an installed capacity of 912 megawatts and the Kokomelun hydropower station with an installed capacity of 1305 megawatts. T ü rkiye Gazetesi, a Türkiye media, reported that the total investment of the project was US $10 billion, while some Türkiye media reported US $6.2 billion. According to the terms of the agreement, the project will be implemented using a Build Operate Transfer (BOT) model, with a franchise period of 20 years and including policy support such as guaranteed purchase of electricity, currency tariff guarantees, and tax incentives.

The cooperation began at the summit of Turkic speaking countries held in Bishkek, Kyrgyzstan, in November 2024. Rejep Tayyip Erdogan, President of the Republic of Türkiye, and Sadr Zaparov, President of the Kyrgyz Republic, witnessed the early negotiations.

Regional strategic value

When completed, these two hydropower stations will become important energy hubs connecting the Xinjiang Uygur Autonomous Region of China, the Islamic Republic of Pakistan, the Republic of Kazakhstan and the Republic of Uzbekistan, and provide clean power support for the Zangezur Corridor, the Middle Corridor and the the Belt and Road Initiative.

Talebaek Ibrayev, Minister of Energy of Kyrgyzstan, said: "We highly recognize the professionalism of investors and the compliance of international standards of projects, which marks that the energy industry of Kyrgyzstan has entered a new stage of development." Ahmed Mukashid Oren, Chairman of the Board of Directors of Ihras Holding Company, stressed that the company will apply the energy system upgrading experience accumulated in Türkiye to projects in Kyrgyzstan.

International Cooperation and Financing

At present, Central Asia Investment Holding Company has signed project cooperation memorandums with China Power International Group Co., Ltd. and Kazakhstan SemArco Limited Liability Company. In terms of project financing, negotiations with international development banks and investment funds have entered the final stage. (This article is from the official website of Jian Dao www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website new energy column editor/Yang Beihua