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Kyrgyzstan discusses with RusHydro audit of Upper Naryn cascade

Kyrgyzstan discusses with RusHydro the issue of conducting an audit of the Upper Naryn cascade. The First Deputy Prime Minister Kubatbek Boronov announced this at a meeting of the Parliament the day before.

MP Azizbek Tursunbayev asked about the stage of trial on the Upper Naryn cascade.

Kubatbek Boronov replied that the parties had last discussed the issue within the framework of the intergovernmental commission. Repayment of the debt was discussed with RysHydro. «We need to conduct an international audit. This issue is under discussion,» said Kubatbek Boronov.

Despite the fact that the issue has not been resolved with RusHydro, the government hopes to find investors to resume construction of the cascade.

In 2012, Russia and Kyrgyzstan signed an intergovernmental agreement on the construction of the Upper Naryn cascade of hydropower stations, consisting of four stations. Upper Naryn Hydropower Stations CJSC was established for the construction of the cascade, half of which belonged to RusHydro from the Russian side, and the second half — to Electric Stations OJSC.

In 2016, the agreement was unilaterally terminated. By that time, RusHydro had invested $ 37 million of its own funds in the project.