CASA-1000: Kyrgyzstan to earn more than $1.5 bln over 15 years

Bishkek, Dec.11, 2019. /Kabar/. Within the CASA-1000 project, Kyrgyzstan will earn more than $1.5 billion over 15 years, Executive Director for the implementation of projects of the National Electric Network of Kyrgyzstan OJSC Akylbek Tyumenbayev said at the press conference at Kabar News Agency.

Electric Power Plants OJSC are expected to earn $1.2 billion, while the National Electric Networks of Kyrgyzstan- $322 million. The cost of exported electricity will made 5.42 cents per 1 kWh.

Deputy Director General of the Electric Power Plants OJSC Ulan Orozoyev added that according to the contract, Kyrgyzstan has the right to maneuver in conditions of high water and low water levels.

Thus, as part of the first phase, i.e. at least annually between May and September, Kyrgyzstan should supply 377 million kWh. This is the first level.

“On the second level, we can supply another 800 million kWh. That is, 377 million kWh are mandatory for supply, and another 800 million kWh if possible,” Orozoyev said.

It won't be difficult for Kyrgyzstan to supply electricity every summer because at that time domestic consumption is declining.

Besides, the deputy director general said exporting electricity will be possible on permanent basis because new capacity is being commissioned today.

"A second unit at the Kabmar-Ata HPP-2 project is being commissioned. Also, the rehabilitation of the Toktogul HPP and the increase in its capacity, also At-Bashy HPP. In addition, new types of generation are being considered, which will allow to close our obligations," he added.

In addition, the agreement with the Tajik side discussed methods of substitution.

The CASA-1000 project includes four countries: Kyrgyzstan, Tajikistan, Afghanistan and Pakistan.

The idea of the project is to export electricity from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan. The total cost of the project is more than $1 billion, including Kyrgyzstan’s share in the amount of $233 million, $314 million for Tajikistan, $354 million for Afghanistan and $209 million for Pakistan.