BISHKEK, Kyrgyzstan, February 27. Approximately three billion soms ($34.3 million) will be invested by Orta Asya Investment Holding in the development of the gas power plant at the Bishkek-2 power station, Trend reports via the Ministry of Energy of Kyrgyzstan.
The matter was discussed during a bilateral meeting between the Minister of Energy, Taalaibek Ibrayev, and Ahmet Mucahid Oren, the CEO of Orta Asya Investment Holding.
The Bishkek TPP-2, with a capacity of 250 MW, is a strategic infrastructure project aimed at boosting the country's energy capacity. The project is expected to be completed within 2 to 4 years, with an estimated budget of $443 million. It will ensure stable electricity and heat supply to the population and businesses, improve the reliability of the electrical system, and enhance the environmental situation.
Earlier on September 20, 2024, the Cabinet of Ministers of Kyrgyzstan and Orta Asya Investment Holding put pen to paper on an investment agreement for the project, sealing the deal and setting the wheels in motion.
Minister Ibrayev suggested that the company complete the technical and economic feasibility study for Bishkek-2 power station within three months and expedite the project’s implementation. In response, Oren confirmed that he would accept the minister's proposal and accelerate the work.
Orta Asya Investment Holding was founded in 2024 to develop and finance projects in the fields of energy, infrastructure, agriculture, and real estate in the Central Asian countries that are members of the Organization of Turkic States.