Hungarian company «A-Hid» will design small hydropower plants in the Kyrgyz Republic

Chairman of the Cabinet of Ministers of the Kyrgyz Republic Akylbek Zhaparov had a meeting with the Executive Director of the Hungarian company «A-Hid» Mr.László Sal to discuss design of small hydropower plants.

“Development and construction of small hydropower plants is one of the priority areas in the work of the Cabinet of Ministers. We are ready to implement projects, including in the field of small hydropower, which will create conditions for ensuring the energy independence of the country” Chairman Akylbek Zhaparov said.

Next, the signing ceremony of the Cooperation Agreement between the Ministry of Economy and Commerce of the Kyrgyz Republic, the Ministry of Energy of the Kyrgyz Republic, the Hungarian-Kyrgyz Development Fund and the «A-Hid» company (Hungary) was held.

According to the signed agreement, research will be carried out to select the most promising sites for the construction of small hydropower plants with further development of a preliminary feasibility study and a feasibility study for the small-scale power facilities. Within the framework of the agreement, the issue of financing projects in the field of small hydropower will also be considered by using the opportunities of the Hungarian-Kyrgyz Development Fund.

«A-Hid» specializes on construction and design of energy, infrastructure facilities as bridges, roads, railways and public transport facilities.

The Hungarian-Kyrgyz Development Fund was established to promote an economic cooperation between the Kyrgyz Republic and Hungary. The organization focuses on establishing business contacts and cooperation with Hungarian companies.

The Hungarian-Kyrgyz Development Fund provides concessional lending to self-sustaining projects in priority sectors of the domestic economy. Its authorized capital is 16 million US dollars.

On May 12, 2022, was announced the start of accepting applications for project financing.