The project has a multi-phase programmatic approach with a financing envelope of $125.7 million over 10 years. The first phase of the project will focus on supporting the Kyrgyz Republic to increase hydropower generation and enable renewable energy integration by strengthening the country’s transmission systems.
The 30-year partnership between the World Bank and the Kyrgyz Republic has brought about significant development gains in all major sectors of the economy through investments of $2.8 billion in 150 projects, technical assistance, and advisory and analytics.
The World Bank’s overall mission in the Kyrgyz Republic is to reduce poverty and promote economic growth and shared prosperity.
The Phase 1 project will be implemented during 2024-2028 by the Ministry of Energy of the Kyrgyz Republic, in compliance with strict international standards including procurement and financial management regulations and anti-corruption guidelines.