Leading Central Asia Towards a Sustainable Future with its vast potential in hydropower and solar energy, Kyrgyzstan can become a key player in Central Asia’s shift towards a sustainable energy future. The country has an untapped potential of ~14GW hydropower capacity and ~267GW of solar power capacity, offering a significant opportunity for renewable energy development.
With significant opportunities in the country, though the path to a sustainable energy future presents challenges.
In the recent few years, Kyrgyzstan has politically stabilized, with a government focused on reforms and attracting foreign investment, as reflected in strengthening laws facilitating Public-Private Partnerships (PPP). Kyrgyzstan has also pursued economic reforms and achieved an average GDP growth rate of 7% over the past three years.
With its focus on harnessing the country’s renewable energy potential, the government has identified 12 clean energy projects requiring over USD 16 BN in investments, including major hydropower plants like Kambarata-1 (1,860 MW) and solar projects like Kongorchok (100-150 MW), the country’s first solar PPP tender.
Today, Kyrgyzstan stands at a crucial juncture in its energy development. With vast potential and a commitment to sustainability, it can lead Central Asia toward a greener future, contributing to regional connectivity and growth.
The Kyrgyzstan Government is actively engaging with investors and lenders to support the development of the 12 identified clean energy projects. With support from the World Bank Group, Kyrgyzstan recently held an investor roadshow in Vienna, aimed at attracting international interest.
Synergy Consulting as financial advisors supported the Kyrgyzstan Government and World Bank, in putting together the relevant materials for this investor forum.
For more details about the forum: https://lnkd.in/gJMGaPRX
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