BISHKEK, Kyrgyzstan, August 11. Kulanakskaya Hydroelectric Power Station (HPP) in the Naryn region of Kyrgyzstan is set to begin operation by the end of 2025, the Ministry of Finance of Kyrgyzstan announced, Trend reports.
The $88 million project financing will be guaranteed by the Financial Credit Fund, which is a division of the Ministry of Finance. The Eurasian Development Bank and the Russian-Kyrgyz Development Fund will each contribute an equal amount to this fund.
The start-up of the HPP is anticipated to increase the nation's energy security, lessen its reliance on fuel resources, completely meet the population's electrical needs in the Naryn region, increase the amount of irrigated agricultural land, and bring in more money for the government's coffers.
The Kulanakskaya HPP will have a 100 MW capacity and produce 435 million kWh of power annually on average. There will be about 700 job openings throughout the construction period.
The Kulanakskaya HPP will have a capacity of 100 MW and an average annual electricity generation of 435 million kWh. During the construction phase, over 700 job opportunities will be created.
According to the State Statistical Committee, Kyrgyzstan generated a total of 7.583 billion kWh of electricity from January through June 2023, which is a 13.8 percent increase compared to the same period in 2022, when the electricity generation was 6.661 billion kWh.