Kyrgyzstan will retain the management of Kambar-Ata HPP-1 in a joint project
Kyrgyzstan, Kazakhstan and Uzbekistan will jointly finance the construction of one of the largest energy projects in Central Asia – the Kambar-Ata HPP-1. The total cost of the hydropower plant is estimated at $ 4.5 billion, and each of the three countries will contribute an equal share – $ 1.5 billion. This information was announced by the Minister of Energy of Kyrgyzstan Taalaibek Ibraev on the air of the Birinchi Radio station. According to the minister, the contribution of the Kyrgyz side will include not only monetary funds, but also the cost of land, water resources, as well as $ 70 million previously allocated from the state budget for preparatory work.
An open joint-stock company will be created to manage the large-scale project. At the same time, key management positions will remain with Kyrgyzstan: both the head of the company and the chairman of the board of directors will be appointed from among the representatives of the Kyrgyz side. The distribution of shares in the joint-stock company provides that Kyrgyzstan will own 34% of the shares, while Uzbekistan and Kazakhstan will receive 33% each. The head of the Ministry of Energy assured that “there are no threats for the republic, we will not lose anything,” stressing the importance of interaction between neighboring states for the implementation of such initiatives.
The design characteristics of the future hydroelectric power plant are impressive. The height of the dam will reach 256 meters, which will make it one of the highest in the world. The design capacity of the station will be 1,860 megawatts, and the annual electricity generation will exceed 5 billion kilowatt-hours, according to some estimates reaching 6 billion. The reservoir will be able to hold more than 5.4 billion cubic meters of water, which will regulate the flow of the Naryn River and ensure stable operation of power systems throughout the region.
Original (in Russian): Кыргызстан сохранит управление Камбаратинской ГЭС-1 в совместном проекте
