BAKU, Azerbaijan, October 21. Today, the President of Kyrgyzstan Sadyr Japarov attended a groundbreaking ceremony for the construction of new HPP in Kyrgyzstan , Trend reports citing the Kyrgyz president's press service.
The head of state laid the foundation stone for the Kulanak HPP in the village of Kulanak in the Naryn region.
According to Japarov, Kulanak HPP's planned capacity will be 100 MW, after construction and commissioning, it will generate 450 million kWh of electricity per year.
The total cost of the project is $124 million, of which $88 million will be provided as loans by a group of financial institutions, including the Russian-Kyrgyz Development Fund and the Eurasian Development Bank.
"Kyrgyzstan expects to complete this project in 8 years. Even if we finish in 10 years instead of 8, it will be a big deal," the President of Kyrgyzstan stressed.
Japarov also noted that Kyrgyzstan is currently exploring various areas for the development of renewable energy sources. Among them, special attention is paid to the construction of small hydropower plants.