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IBC participates in the international hydropower congress

February 18, 2021

On February 17, 2021, the 5th annual international congress and exhibition "Hydropower: Central Asia and the Caspian Sea" began its work in Tashkent.

Executive Director of the International Business Council Askar Sydykov takes part in the Forum as a guest of honor.

Hydropower, one of the priority sectors of the Kyrgyz economy, has great potential, therefore IBC is making efforts to develop the industry and attract investors.

“To attract investments in the hydropower sector of Kyrgyzstan and implement joint projects, it is very important to maintain partnerships with our colleagues in the Central Asia and the Caspian region. We discuss topical issues of hydropower in the region, get acquainted with the experience of our neighbors and outline plans to optimize cooperation in the industry,” Sydykov said.

With the leadership of Gazprombank, the bronze sponsor of the congress, the IBC head discussed the bank's possible participation in projects in Kyrgyzstan, as well as participation in the upcoming Kyrgyz-Russian business forum in Moscow.

“Our country is interested in Gazprombank's innovative product, which is to assess the effectiveness of the use of funds allocated to projects in hydropower and other areas,” said Sydykov.

With the leadership of NeroDelta, the gold sponsor of the forum, he discussed how the company can become more active in Kyrgyzstan. NeroDelta carries out hydropower upgrades, develops tailor-made strategies for clients, from initial project appraisal to final installation.

Among the largest investment projects in the region this year, the congress participants are considering the possibilities of reconstructing the Uch-Kurgan hydroelectric power station, one of the first hydroelectric power stations built on the Naryn River and commissioned in Kyrgyzstan in 1962. It is planned that the reconstruction project will be implemented with financial support from the Asian Development Bank and the Eurasian Development Bank.

At the forum held last year in Bishkek, the importance of the construction of the Kambarata HPP-1 in the south of the country was discussed.

Representatives of the energy sector of Kyrgyzstan spoke about the creation of a sustainable energy system in the country, about the situation and prospects of small hydropower in the country, as well as about the role of the development institution for stimulating inclusive growth using the example of the Russian-Kyrgyz Development Fund.

Special attention at the forum was paid to the development of small hydropower.

About forum:

The 5th Annual International Congress and Exhibition “Hydropower: Central Asia and the Caspian” is a professional platform for dialogue, exchange of experience, search for solutions and consolidation of efforts of government and business representatives for the effective implementation of projects for the construction and reconstruction / modernization of hydroelectric power plants in the region (Kyrgyzstan, Georgia, Uzbekistan, Azerbaijan, Iran, Armenia, Russia, Kazakhstan, Tajikistan, and Turkey). The organizer of the forum is Vostock Capital.