Bishkek, Feb. 28, 2025. /Kabar/. Energy Minister of Kyrgyzstan Taalaibek Ibraev held a bilateral meeting with the General Director of the Central Asian Investment Holding OJSC Oren Akhmet Müjahid.
According to the ministry, the parties discussed the prospects for cooperation on the Construction of the Kazarman Cascade of HPPs project with a capacity of 912 MW. The Kazarman Cascade of HPPs is located on the Naryn River and includes 4 HPPs.
The company is interested in the construction of 3 HPPs in the cascade. These are:
- Ala-Buga HPP - 600 MW;
- Kara-Bulung-1 HPP - 149 MW;
- Kara-Bulung-2 HPP - 163 MW;
The average annual output of the hydroelectric power plant will be 3746.3 million kWh. Hydroelectric power plants play a key role in energy supply. The Kazarman Cascade on the Naryn River is a promising project that will significantly increase electricity production in the region. If the hydro power plant is built, taxes will be paid to the state treasury, and local residents will be provided with jobs.
The Ministry of Energy and Central Asian Investment Holding JSC have been cooperating for two years. Previously, the parties signed a Memorandum of Understanding on the joint implementation of an energy project on September 4, 2024 and a Framework Agreement on the construction and operation of hydroelectric power plants on November 5, 2025.
Currently, company representatives work in Bishkek, having opened a special office for close cooperation with the Ministry of Energy of the Kyrgyz Republic. Central Asian Investment Holding JSC transferred 11 million soms to the treasury for the construction of the Kazarman cascade of hydro power plants. At today's meeting, the parties signed a Protocol of Intent on the implementation of the project to build a cascade of Kazarman hydro power plants with a total capacity of 912 MW. The document was signed by Minister of Energy of the Kyrgyz Republic Taalaibek Ibraev and General Director of the Central Asian Investment Holding OJSC Oren Akhmet Müjahid. The purpose of the document is to develop an investment agreement for the implementation of the project, develop documentation and a feasibility study for the project.