The Eurasian Development Bank (EDB) and Bishkek Solar have signed a cooperation agreement to finance a 300 MW PV power station in Toru-Aigyr village, Issyk-Kul Region, Kyrgyz Republic. Signed on May 21 in Bishkek, Kyrgyzstan, the project involves key agreements: purchasing all electricity by National Electric Grid of Kyrgyzstan (NEGK) for 25 years, a public-private partnership with the Ministry of Energy, and a 25-year investment agreement with the Cabinet of Ministers. EDB will provide up to $210 million (in Chinese yuan) for 15 years. The plant aims for completion by 2025. Additionally, EDB has also supported the Kulanak HPP project with up to $127 million, enhancing energy security and Kyrgyzstan’s position in Central Asia’s electricity market.
EDB invests $210M in Kyrgyz PV project
The 300 MW PV project in Kyrgyzstan is part of a larger Central Asian energy initiative by EDB. (Image Credit: Pexels)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
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Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)