USD 86.94
EUR 93.43
RUB 0.98

Kyrgyzstan and Russia to implement project on construction of solar power plants

Deputy Minister of Economic Development of Russia Dmitry Volvach called the cooperation project on the joint construction of a solar power plant with a capacity of up to 300 megawatts in Issyk-Kul region of Kyrgyzstan a landmark project. According to media reports, officials of the two countries will discuss government support for the project on the sidelines of the St. Petersburg International Economic Forum.

«We discuss the construction of solar power plants, we have already moved to the implementation phase of this project. We really hope that there will be another bilateral meeting of our ministers on the sidelines of the forum, we will talk a little more about progress of the project, what kind of support is needed from the governments of our two countries so that both investors and those who provide platforms for this work could speed up the implementation of this project as much as possible. Because the issue of renewable energy is the most promising area of Russian-Kyrgyz cooperation and the basis for the sustainability of national economies on the track of low-emission development,» Dmitry Volvach said during the Russia-Kyrgyzstan Business Dialogue.

He also called the joint construction of the solar power plant with a capacity of up to 300 megawatts in the Issyk-Kul region a landmark cooperation project.

Earlier it was reported that a solar power plant with a capacity of 50 megawatts and a preliminary cost of $35 million will be built by Kazakh investors in Issyk-Kul region in Toru-Aigyr village.

The Arab company Masdar also plans to start construction of a solar power plant in the Kyrgyz Republic in June, Kyrgyz officials informed.

The Chinese companies China Power International Development Limited (CPID) and China Railway 20 Bureau Group Corporation (CR20G) plan to build a 1 gigawatt solar station in the Kyrgyz Republic.

The St. Petersburg International Economic Forum is the largest economic forum in Russia. This year it takes place from June 14 to June 17. The main theme of the business program is «Sovereign development is the basis of a just world. Let’s join forces for the sake of future generations.»