ADB funds Kyrgyz energy upgrade, eyes major hydropower projects

Reuters

The Asian Development Bank will grant nearly $1 million to upgrade Kyrgyzstan’s energy data system, with more large-scale energy investments in the pipeline.

The Asian Development Bank (ADB) has pledged a $940,800 grant to modernize the Meter Data Management System (MDM) of Kyrgyzstan’s Energy Settlement Center. The agreement was made during high-level talks in Manila between Kyrgyz Energy Minister Taalaibek Ibraev and top ADB officials. ADB also signaled interest in supporting key energy projects, including up to $150 million for the first phase of the Kambarata-1 hydropower plant. Both sides plan a follow-up meeting in Kyrgyzstan to advance cooperation.

Tags

Comments (0)

What is your opinion on this topic?

Leave the first comment