Kyrgyzstan Expands Solar Energy with New IFC-Backed Plants
Four major international companies submitted bids by the end of March, and the screening process to identify qualified candidates is now underway. A second phase of the
In the project's initial phase, the IFC was instrumental in assessing and structuring a pilot solar energy project of 100 to 150 MW in the Kochkor district of the Naryn region. This groundwork has set the stage for attracting more private sector investment into Kyrgyzstan's solar energy sector. Image: Collected
The Kyrgyz Republic is making significant strides in solar energy development. A recent memorandum of understanding between the Ministry of Energy, the Ministry of Economy and Commerce, and the International Finance Corporation (IFC) marks a key step forward in the second phase of a major solar power project.
Kyrgyzstan partners with the IFC to build new solar power plants in Batken and Talas, aiming to power over 125,000 homes and advance its renewable energy goals.
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