$35 million for electricity grids and the Kambarata Hydroelectric Power Station-1: Kyrgyzstan launches the iFIRST project

Kyrgyzstan has signed agreements to finance the iFIRST project to the tune of $35 million over a five-year period. The funds will be used to modernise electricity grids, develop renewable energy and support the construction of the Kambarata HPP-1.

The agreements were signed on 23 October in Bishkek as part of the ‘Innovative Financing for the Transition to Sustainable Energy’ project. The initiative is supported by the World Bank and the Transformative Carbon Assets Fund (TCAF).

In addition to modernising the grid infrastructure, the funding provides for the digitalisation of power system management and the development of a national greenhouse gas emissions monitoring system.

The project also includes support for energy reforms and social assistance measures for vulnerable households, taking into account the potential impact of tariff changes.

The project is scheduled to run for five years.