On May 14, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan approved a draft law on the ratification of the agreement between the Republic and the International Development Association. Under this agreement, the Republic will receive $80.2 million to promote renewable energy, the press office of Jogorku Kenesh of Kyrgyzstan reported.
The agreement was signed in the capital of Kyrgyzstan in January. Minister of Energy Taalaibek Ibraev noted that the project is aimed at increasing hydropower production and improving the power transmission networks under the Kyrgyz Renewable Energy Development Programme.
Of these funds, $67.7 million is a loan, $2.5 million is a grant, and $10 million is a Green Climate Fund loan.
$43.2 million will be used to reconstruct and build small and medium-sized hydropower plants, and $35.5 million — to build up capacities of the power transmission networks to integrate variable renewable energy sources. $1.5 million will be used to support the project activities.
