VIENNA – Prime Minister of Kyrgyzstan, Akylbek Zhaparov, presented the Kambarata HPP-1 construction project at the International Energy Investment Forum in Vienna.
During his speech, Zhaparov highlighted Central Asia as a dynamic region rich in water and energy resources. He emphasised the importance of overcoming challenges such as resource dependence and climate change to unlock the region’s potential. He noted that water is a vital resource in Central Asia, with countries at the sources of large rivers accounting for 80.7% of the region’s total drainage.
Kyrgyz Prime Minister pointed out the disparity in resource needs, with Kazakhstan and Uzbekistan requiring water for irrigation in summer, while Kyrgyzstan and Tajikistan need it for energy in winter. This conflict impacts energy and food security in the region. He stressed that water and green energy could be unifying factors.
“We have brought 12 promising clean energy projects with $16 billion in investment opportunities. We pledge full support and protection of investors’ interests and ensure 100% utilisation of generated electricity,” said Zhaparov.
He elaborated on the Kambarata HPP-1 project, located at the source of the glaciers. The project will manage water resources effectively, providing significant economic, environmental, and social benefits. It will supply clean energy at the lowest cost, contributing to the energy transition and reducing atmospheric pollutants.
The project’s key parameters include an installed capacity of 1,860 megawatts, an average annual production of 5.6 billion kilowatt-hours, and a reservoir capacity of 2.870 million m³. The estimated construction cost exceeds $4 billion. The master plan features a rock-fill dam, a hydroelectric station building, spillways, tunnels, a residential village, and water treatment facilities.
Zhaparov assured that the project would not negatively impact the environment but rather support the green climate agenda. He called on international financial institutions, investors, and companies to participate in this and other energy projects.
Preparatory work for Kambarata HPP-1 is divided into two stages with a total cost of 44.1 billion soms. The Kyrgyz government will allocate an additional $500 million from the state budget for 2024-2030.
He concluded by emphasising the national significance of the project and the need for international cooperation to achieve energy stability and environmental sustainability in the region.
The International Energy Investment Forum, focusing on the Kambarata HPP-1 project, is organised by the Cabinet of Ministers of the Kyrgyz Republic with the support of the World Bank Group and the Government of Austria. Over 200 representatives from international financial organisations, Central Asia, Europe, the Middle East, and private investors are attending the event.
