How much does Kyrgyz energy project cost?

The project has a multi-phase programmatic approach with a financing envelope of $125.7 million over 10 years. The first phase of the project will focus on supporting the Kyrgyz Republic to increase hydropower generation and enable renewable energy integration by strengthening the country’s transmission systems.

Does Kyrgyz Republic have a green energy fund?

med at the expense of the republican budget.In accordance with the Decree of the President of the Kyrgyz Republic dated March 23, 2023, UE No. 62, it was decided that the Green Energy Fund under the Cabinet of Ministers of the Kyrgyz Republic the right of perpetual (without specifying a term) use of lands suitable for t

When will the Phase 1 project be implemented in Kyrgyz Republic?

The Phase 1 project will be implemented during 2024-2028 by the Ministry of Energy of the Kyrgyz Republic, in compliance with strict international standards including procurement and financial management regulations and anti-corruption guidelines.

Why is Kyrgyzstan's energy sector deteriorating?

in Kyrgyzstan.Deteriorating infrastructureThe deterioration of energy sector infrastructure coupled with the financial crisis in the energy system will eventually lead either to a significant decrease in the quality of produ

How has the World Bank partnered with Kyrgyz Republic?

The 30-year partnership between the World Bank and the Kyrgyz Republic has brought about significant development gains in all major sectors of the economy through investments of $2.8 billion in 150 projects, technical assistance, and advisory and analytics.

What does the World Bank do in Kyrgyz Republic?

The World Bank’s overall mission in the Kyrgyz Republic is to reduce poverty and promote economic growth and shared prosperity.