13/12 22:38

Finance Ministry and ADB sign agreement for rehabilitation of Toktogul HPP

 Finance Ministry and ADB sign agreement for rehabilitation of Toktogul HPP

Bishkek, December 13 / Kabar /. The ceremony of signing of an agreement on the third and final phase of the rehabilitation of Toktogul hydro power plant (HPP) and increase the reliability of the national and regional power systems is held today at the Ministry of Finance of the Kyrgyz Republic, the press service of the Kyrgyz Ministry of Finance reports.

The agreement was signed by Minister of Finance Adylbek Kasymaliev and Director of ADB Permanent Mission to the Kyrgyz Republic Candice McDeigan.

During the meeting, Minister Kasymaliev thanked the ADB on behalf of the Government of the Kyrgyz Republic for the support and expressed the desire to further fruitful cooperation.

ADB support includes a loan in various currencies equivalent to $60 million and a grant not exceeding $50 million, both from ADB’s Special Funds. The government has requested the Eurasian Development Bank (EDB) to provide $40 million to cofinance part of the project.

The funds will finance the replacement of the two remaining turbine-generator units, refurbishment of the civil structures of Toktogul dam, and overhaul of the dam’s monitoring systems along the Naryn cascade. There will also be a public information campaign to explain sector reforms and efforts to improve power sector governance and management procedures.

ADB financed the rehabilitation of the first two turbine generator units and secondary electrical equipment of Toktogul HPP under the Power Sector Rehabilitation Project (Phase 1) and the Toktogul Rehabilitation Project (Phase 2). EDB cofinances the Phase 2 project. Implementation of both Phase 1 and Phase 2 projects is ongoing.

Toktogul HPP, in service since 1975, has an installed capacity of 1,200 MW. It plays a critical role as a power source for domestic use and export, and provides voltage and frequency regulation services to Central Asian Power System. The plant has had an increasing number of failures in recent years because of the ageing state of its equipment.


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