Kyrgyzstan: China, UAE and Europe interested in construction of Upper Naryn HPP cascade

China, UAE and European countries are interested in the construction of Kambarata-1 and Upper Naryn HPP cascade, the National Energy Holding reported. At present the power engineers are studying the received proposals to choose the most suitable investor. The President instructed the government to find investors for the construction of Upper Naryn HPP cascade after…

Kyrgyzstan: investments up in January-July 2016

Volume of investments in Kyrgyzstan has grown since the beginning of the year, the National Statistical Committee reported. The volume of investment in fixed assets in January-July amounted to more than 47 billion soms, up by 4.1% YoY. Investments funded from internal sources increased by 11.7%. External sources, on the contrary, decreased by 20.4%. Most…

Kyrgyzstan: agreement with Russia on construction of Uppernaryn cascade and Kambarata HPP-1 cancelled for good

Kyrgyzstan completely broke the agreement with Russia on the construction of Uppernaryn cascade and Kambarata HPP-1, National Energy Holding Company JSC reported. The agreement signed on September 20, 2012 expired on August 9. Currently, Kyrgyz and Russian parties are negotiating to resolve all economic issues that have arisen in the period of the agreements, including…

Kyrgyzstan: electricity consumption down

Electricity consumption in Kyrgyzstan decreased, the National Electric Network of the Kyrgyz Republic JSC reported. According to recent reports of the central dispatching service of the company, in July distribution companies consumed 555.11 million kilowatt-hours. Last year, consumption was 570,599 million kilowatts. It should be noted that according to the decision of the government on…

Kyrgyzstan: economic growth down

Kyrgyzstan’s economic growth has decreased since the beginning of the year, Deputy Director of the Central Treasury of the Ministry of Finance Marlen Amandykov said. According to preliminary data, there was a negative GDP growth of 2.3%, which was below last year’s level by 9.1 percent. Nominal GDP amounted to 176 billion soms. The decline…

Kyrgyzstan: four large bankrupt plants sold

At least four large plants, which had been declared bankrupt, were in Kyrgyzstan. Kara-Balta Distillery State Enterprise, specializing in the production of Lux ethyl alcohol, alcohol oxide fraction, fusel alcohol, carbon dioxide, was bought by an investor from Russia, who planned to modernize the company and expand production. Kara-Balta Pilot Plant LLC was purchased by…

Kyrgyzstan: Toktogul water reservoirs up

Toktogul water reservoir has currently accumulated 15 billion cubic meters of water, which is 4 billion more than in 2015. This was announced today at a meeting of the Republican head office on preparation for the heating season. At least 133.163 million kW-h of electricity have been imported from Kazakhstan in 2016 for uninterrupted power…