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Kyrgyzstan Review, 10 years ago




[27.08.23] IMF Questions Kambar-Ata Hydroelectric Project

Warning Kyrgyzstan that it must reduce expenditures on capital-construction projects, an International Monetary Fund (IMF) mission to Bishkek focused on the Kambar-Ata hydroelectric project, "Obshchestvennyi reiting" reported on 27 August. Mission chief Tapio Saavalainen was quoted as saying the project is very expensive, and the IMF doubts whether Kyrgyzstan will be able to complete it. The Kambar-Ata power plant, part of a series of hydroelectric installations on the Naryn River that was begun before Kyrgyzstan became independent, is intended to produce electricity primarily for export.
 
Kyrgyzstan has been trying to attract Kazakh and Russian investment in the Kambar-Ata project, so far without success.
 
NL "Obshchestvennyi reiting", August 27, 2003

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