State Financial Holding provided a guarantee worth $86 million for the construction of small hydropower plants, including Dzherui

The State Financial Holding Company announced a one-time transaction exceeding 10% of the issuer's assets. The transaction involves providing a loan guarantee as part of a public-private partnership project in the hydropower sector.

In accordance with the order of the Cabinet of Ministers dated December 19, 2025, and the tripartite guarantee agreement dated December 25 of the same year, State Financial Holding acted as guarantor for a loan to Grant Holding LLC from Eldik Bank OJSC in the amount of $60.95 million.

The money is being raised to implement a PPP project for the construction, operation, and maintenance of the Chatkal cascade of small hydropower plants — Bashky-Terek, Korgon-Sai, Chunkurchak, and Aigyr-Jal — on the Chatkal River in the Kanyish-Kiyansky aiyl aimak of the Chatkal district of the Jalal-Abad region. The total installed capacity of the cascade will be up to 145.89 MW.

The decision to provide a guarantee was approved by the sole shareholder of State Financial Holding, the Ministry of Finance. The relevant decision was made on November 21, 2025, and the final approval of the major transaction was formalized by a decision dated December 23.

In addition, in December last year, the sole shareholder approved another guarantee for the 24 MW Jerui small hydropower plant project worth $25 million in favor of Alliance Hydro LLC before the Russian-Kyrgyz Development Fund.