BAKU, Azerbaijan, May 30. The Ministry of Energy of Kyrgyzstan foresees an increase in domestic electricity demand in the coming years, Trend reports.
“It is expected that the domestic demand for electricity will grow at a rate of approximately from 3 up to 5 percent per year, which will be accelerated by the aging of energy equipment and the reduction of existing capacities,” the Ministry said.
To meet this surging electricity demand, the government has outlined a plan that focuses on the launch and construction of renewable energy sources, including small hydropower plants.
Additionally, the recently signed agreements with various Chinese companies aim to address this growing demand by facilitating the development of wind power plants and solar energy projects. One of the largest of these projects is the construction of a 1,000 MW solar power plant in the Issyk-Kul region.
Also, China and Kyrgyzstan agreed to facilitate the construction of the Sary-Jaz Cascade Hydropower Complex in Kyrgyzstan, which consists of six hydropower plants.
Moreover, the Memorandum signed between the Ministry of Energy of Kyrgyzstan and Tebian Electric Apparatus Stock Company (TBEA) provides for the construction of the 220-500 kV power transmission line, which will facilitate the export of surplus electricity from Kyrgyzstan to China. This excess electricity is expected to be generated from new renewable energy projects. The export of electricity at favorable prices to neighboring countries will further boost the economic development of the region.