Months after breaking off a long-standing deal with Russian companies to build two major hydropower projects, Kyrgyzstan has found a potential white knight in the form of a major Chinese investor.
Kyrgyzstan deputy Prime Minister Oleg Pankratov met with representatives of China’s State Power Investment Corporation on April 6 to discuss plan to build a cascade of four hydropower stations on the Naryn River. Collectively, the cascade is expected to generate around 4.6 billion kilowatt hours annually — more than either of the now-scotched Russian projects.
“We are carrying out work on a few projects to develop new generating capacities that will allow us, in the near future, to considerably increase the amount of power produced. This is of special importance, because energy consumption is growing every year that passes”, Pankratov was quoted as saying by KyrTag news agency.
To read the full story