Kyrgyzstan, Czech Company Sign Deal to Kick-Start Stalled Hydropower Project
Kyrgyzstan has signed a deal with a Czech company specializing in renewable energy to take over a hydropower project that the government sees as key to ambitious plans to export electricity to Afghanistan and Pakistan.
President Almazbek Atambayev’s office said in a statement on July 10 that the Kyrgyz government has reached an agreement with Železný Brod-based Liglass Trading to construct and operate Akbulun HPP and Naryn HPP-1 in the Upper Naryn cascade. The company would under the same arrangement be responsible for implementing the “Construction of Small Hydropower Stations in Kyrgyzstan” project, a string of 10 smaller electricity-generating units.
Atambayev hailed the deal as a “signal for potential investors from all over the world that confirms Kyrgyzstan's readiness to create all necessary conditions for doing business.”
It may be early days for such exuberant language, however.
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