The Eurasian Development Bank (EDB) and ORTA ASYA Investment Holding have announced the launch of a strategic partnership to jointly implement large-scale hydropower projects in Kyrgyzstan.
The parties have agreed to cooperate in developing a feasibility study for the Suusamyr-Kokomeren HPP cascade project, which is being financed by the Eurasian Development Bank, and have signed the corresponding agreement.
The construction projects of the Suusamyr-Kokomeren HPP cascade and the Kazarman HPP cascade are being implemented by ORTA ASYA Investment Holding under an investment agreement signed with the Ministry of Energy of Kyrgyzstan. These projects hold key strategic, economic, and social importance not only for Kyrgyzstan but for the entire Central Asian region.
The total investment in these projects exceeds $6 billion. The construction of the new hydropower plants is expected to increase the installed capacity of Kyrgyzstan’s energy system by more than 50%, meeting the growing domestic demand for electricity and creating opportunities for expanding electricity exports.
