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Investors - NOVEMBER 7, 2019

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ADB backs hydropower regeneration project in central Asian country

by Released

The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic in Central Asia have signed a $100 million financing package to modernize aging equipment and improve power generation capacity at the Uch-Kurgan hydropower plant (HPP), the oldest of the six installed along the Naryn river cascade.

Uch-Kurgan HPP’s generation capacity will be increased from 180 megawatts to 216 megawatts.

The agreement was signed by Minister of Finance Baktygul Jeenbaeva and Candice McDeigan, governor and ADB country director for the Kyrgyz Republic, on Nov. 1. [This is confusing. Is Jeenbaeva the minister of finance? If not, who is? Is McDeigan gov AND country director? What is Jeenbaeva’s title? Governor? Of what? the Kyrgyz Republic?]

“The modernization of the Uch-Kurgan hydropower plant supports the government’s strategy to rehabilitate existing power plants to increase clean energy production,” said Candice McDeigan, country director for the Kyrgyz Republi

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