Kyrgyzstan, EFSD sign agreements for water, hydropower projects
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Kyrgyzstan and the Eurasian Fund for Stabilization and Development (EFSD) signed agreements on July 16 for two major water and hydropower projects. The deals cover the construction of the Kambar-Ata-1 hydroelectric plant and the modernization of the Bishkek water supply system.
The Agreements
The EFSD will provide $500 million for the Kambar-Ata-1 hydroelectric plant, which is expected to generate 1,860 MW upon completion. Another $100 million will go toward upgrading Bishkek's water infrastructure, including treatment facilities and pipelines. The signing took place in Bishkek, attended by Kyrgyz Prime Minister Akylbek Japarov and EFSD Managing Director Andrei Shirokov.
Project Significance
Kambar-Ata-1 has been under discussion for over three decades and is seen as key to Kyrgyzstan's energy independence. The plant could double the country's electricity output and allow exports to neighboring states. The water project aims to reduce losses in Bishkek's aging system, currently estimated at 40%.
What's Next
Construction on both projects is expected to begin in 2027, pending final feasibility studies. It remains unclear how the EFSD funds will be disbursed and whether additional financing will be required.
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Kyrgyzstan, EFSD sign agreements for water, hydropower projects
