BAKU, Azerbaijan, June 24. Kyrgyz OJSC Chakan HPP will purchase equipment worth 5.2 million euro from Global Hydro Energy GmbH for the construction of HPP, Trend reports via Kyrgyz Media.
In accordance with the approved rules by the company's shareholders, Kyrgyzstan's State financial and credit institution - "RSK Bank" will act as an intermediary, providing irrevocable letter of credit (LC) for Chakan HPP until August 21, 2023.
Chakan HPP is engaged in implementation of the project for the construction of a small Bala-Saruu HPP in the Kirov reservoir of the Manas district (Talas region) of Kyrgyzstan.
Global Hydro is a global leader in the field of small hydropower technologies, which constantly improves the efficiency and safety of HPP's by optimizing the design, implementation processes and operation services.