ADB, Kyrgyzstan ink agreement on Toktogul plant upgrade
Baku, Azerbaijan, Dec.15
By Leman Zeynalova – Trend:
The Asian Development Bank (ADB) and the government of Kyrgyzstan have signed a loan agreement for the third and final phase of support to rehabilitate the Toktogul hydropower plant and increase the reliability of the national and regional power systems, said the message posted on ADB’s website.
The agreement was signed by Kyrgyzstan’s minister of finance and Governor to ADB Adylbek Kasymaliev and ADB Country Director for Kyrgyzstan Candice McDeigan.
Toktogul hydropower plant is the largest and most important power plant in Kyrgyzstan. It has an installed capacity of 1,200 megawatts and is producing 40 percent of the country’s average electricity output. Full rehabilitation of the power plant is critical to improve availability and supply reliability.
ADB’s support includes a loan in various currencies equivalent to $60 million and a grant not exceeding $50 million, both from ADB’s Special Funds.
The assistance will finance the replacement of the two remaining turbine-generator units, refurbishing of the civil structures of Toktogul dam, and the overhaul of the dam’s monitoring systems along the Naryn cascade. The project also includes a public information campaign to explain sector reforms and efforts to improve power sector governance and management procedures.
ADB financed the rehabilitation of the first two turbine generator units and secondary electrical equipment under the Power Sector Rehabilitation Project (Phase 1) and the Toktogul Rehabilitation Project (Phase 2). Implementation of both phases is ongoing.
Kyrgyzstan joined ADB in 1994 and since then has received more than $1.5 billion in loans, grants and technical assistance.