World Bank to Fund Construction of Kambarata HPP 1
The World Bank Ready to Finance Construction of Kambarata HPP 1
Bishkek – 10:55, 25 October 2024 – The World Bank has expressed its readiness to finance the construction of Kambarata HPP 1, according to reports from the press service of the Cabinet of Ministers. Executive Director of the World Bank from the Swiss group of countries, Beatrice Mather, confirmed this during a meeting with First Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan, Adylbek Kasymaliev, on the sidelines of the annual meeting of the Governors of the World Bank Group and the International Monetary Fund in Washington.
The meeting between Mather and Kasymaliev focused on key projects aimed at the economic development of Kyrgyzstan, with a specific emphasis on financing the construction of Kambarata HPP 1 and budget planning issues. The press service highlighted the importance of this support from the World Bank for the energy sector in Kyrgyzstan and the potential impact on overall economic growth.
The construction of Kambarata HPP 1 is a significant project for Kyrgyzstan, with the potential to increase energy production capacity and contribute to the country’s energy security. The financing from the World Bank will play a crucial role in moving this project forward and realizing its benefits for the people of Kyrgyzstan.
