BAKU, Azerbaijan, January 30. Ambassador of Kyrgyzstan to the UK, Ulan Djusupov and the Secretary General of the European Bank for Reconstruction and Development (EBRD), Kazuhiko Koguchi discussed projects in the areas of renewable energy sources, green economy and climate change, a source at the Bank told Trend.
During a meeting, the Kyrgyz ambassador noted that at the moment Kyrgyzstan is giving priority attention to the issues of sustainable development.
According to him, the main mechanism for combating climate change and boosting "green development" for the country is its rich hydro potential, which is being used only for 10 percent at this point, due to lack of investments.
Furthermore, Kyrgyzstan also has great potential in solar and wind energy, as well as in green transport, green agriculture and green industry.
As a result of the meeting, the EBRD was handed over a number of infrastructure projects for the construction of small hydropower plants, including the construction of the Upper Naryn cascade.
Koguchi stated that EBRD is ready to consider the presented projects and expressed interest in the implementation of green projects in Kyrgyzstan, as well as in EBRD's participation in the modernization of the energy sector and hydroelectric projects.
Notably, the EBRD has been cooperating with Kyrgyzstan since 1992. In total, the bank has invested about 900 million euros to implement 218 projects throughout the country. EBRD in Kyrgyzstan focuses on fostering sustainable growth, enabling SMEs to scale up, promoting the sustainability of public utilities and strengthening the financial sector.
According to him, the main resource to combat climate change and to incite green development of the country is its hydro potential, which is being used only for 10 percent at this point, for the lack of investment flows.
