On financing the small hydroelectric power station "Kara Shoro" construction project
On December 24, an event dedicated to an important event in the field of renewable energy was held in the Fund’s conference hall - ZhazyHydro LLC got the 1st sub loan in the amount of USD 8 million (within the credit line for USD 14 million) for the construction of the small hydroelectric power station "Kara Shoro" with a capacity of 15.6 MW. The meeting was attended by the Chairman of the Board of the Fund, employees who took part in preparing the project for lending, and the management of ZhazyHydro.
During the meeting, the key points of the project aimed at ensuring energy security and increasing the efficiency of water resources use were announced. General Director of ZhazyHydro LLC - Zulushov Ryskul Toktoralievich emphasized the importance of financing the project for the sustainable development of the region and the creation of new jobs. The meeting participants also discussed the prospects for further cooperation within the "Cooperation Agreement" framework.
The Fund expressed confidence that the project for the construction of the "Kara Shoro" small hydroelectric power station will become an example of fruitful cooperation between business structures of the Kyrgyz and Hungarian sides in the successful implementation of initiatives in the field of renewable energy sources and will serve as a further step in the progressive development of Hungarian-Kyrgyz investment, trade, and economic relations.