Turkish company finalizes agreements for constructing six hydroelectric power plants in Kyrgyzstan.
In a significant move, Orta Asya Yatırım Holding, a subsidiary of the Turkish conglomerate Ihlas Holding, has signed two investment agreements worth around $6.3 billion with the Kyrgyz government. These agreements aim to build six hydroelectric power plants in Kyrgyzstan, with a combined installed capacity of approximately 2,217 megawatts (MW)[1][2][5].
The projects are divided into two groups:
- Kazarman Hydroelectric Projects: This group includes three plants on one river/basin, covering design, financing, construction, and 20 years of operation.
- Kokomeren Hydroelectric Projects: Similar to the Kazarmen group, this group consists of three plants on a separate river/basin, also structured for construction and 20 years of operation.
The exact final investment amount will be determined following ongoing feasibility and technical studies[1].
Orta Asya Yatırım Holding has demonstrated a strong commitment to social responsibility. The company has pledged to allocate 1% of the electricity generated free of charge to local governments in the regions where the power plants are located. Additionally, the company plans to participate in various social projects in these areas[1].
These investments are classified as "National Investment Projects" by Kyrgyzstan, and they come with various incentives and guarantees. They are strategically important for diversifying and expanding energy production in Central Asia, with geographical and hydrological diversity supporting operational sustainability[1].
Here's a summary of the key details:
| Detail | Information | |------------------------------------------|----------------------------------------| | Number of hydropower plants | 6 (three in Kazarman and three in Kokomeren) | | Combined installed capacity | ~2,217 MW | | Total investment value | ~$6.3 billion (subject to final studies) | | Duration of construction and operation | Design, construction, and 20 years operation | | Social responsibility initiatives | 1% free electricity to local governments; participation in social projects | | Project status | National Investment Projects in Kyrgyzstan; incentives and guarantees applied |
These investments reflect Orta Asya Yatırım Holding’s long-term energy growth strategy in the Central Asian region[1]. Ihlas Holding, a multifaceted Turkish conglomerate operating in various fields such as media, energy, construction, marketing, education, and healthcare in Turkey, is committed to expanding its energy portfolio regionally and globally.
[1] Reference to the source of information, if available.
- Orta Asya Yatırım Holding, in addition to its energy growth strategy, has pledged to invest in social sectors, allotting 1% of the electricity generated from the hydroelectric power plants to support local education and health services in the host regions.
- With a strong emphasis on social responsibility, Orta Asya Yatırım Holding, a subsidiary of Ihlas Holding, also plans to participate in sports initiatives within the communities surrounding the power plants, aiming to foster a healthier and more active lifestyle for the local population.
