The European Union, the European Investment Bank (EIB), and the European Bank for Reconstruction and Development (EBRD) have announced new support and signed Memoranda of Understanding (MoUs) to advance the Kambarata-1 hydropower plant project in Kyrgyzstan. This initiative is a trilateral joint venture between the Kyrgyz Republic, Kazakhstan, and Uzbekistan. The hydropower plant will feature four turbines with a combined capacity of 1.9 GW.
The EU and EIB formalised agreements totalling €900m with Kyrgyzstan, Kazakhstan, and Uzbekistan, along with a feasibility study co-funded by the EU and carried out by the World Bank. Meanwhile, the EBRD signed MoUs with the same countries and is considering a financing package of up to €1.3bn to support the project.
Once completed, the Kambarata-1 plant will be the largest power facility in Kyrgyzstan and one of the largest in Central Asia.