Published
12/18/2025, 08:23The State Development Bank of Kyrgyzstan, the National Investment Fund, and the Azerbaijan-Kyrgyz Development Fund have signed a memorandum of intent to jointly participate in and finance a small hydropower plant project.
Under the memorandum, the parties intend to consider financing the construction of a small hydropower plant in the Chui region. The project aims to meet the growing demand for electricity in Kyrgyzstan, create new jobs, and increase tax revenues to the budget.
During the meeting, the participants discussed issues related to strengthening institutional cooperation and developing mechanisms for financing investment projects of strategic importance to the country's economy. The parties agreed to coordinate efforts to attract investment, develop project and long-term financing, and support joint initiatives in the real sector of the economy.
Particular attention will be paid to financing priority sectors, including energy, industry, infrastructure, and the agro-industrial complex, as well as supporting small and medium-sized businesses. The exchange of information and expertise in the implementation of investment projects is also envisaged.
The signing of the memorandum creates a basis for the practical implementation of joint initiatives, increased investment activity, and the formation of sustainable financial instruments aimed at long-term economic growth.
Earlier, the State Development Bank had already financed a project in the field of small hydropower. In particular, the bank signed an agreement with Ananyevo HPP LLC to finance the construction of the Zhergez small hydropower plant in the Issyk-Kul region with an annual capacity of 28.9 million kWh.
