Chairman Zhaparov claimed that the development and construction of small hydropower plants is one of the priority areas in the work of the country's Cabinet of Ministers. He argued that they are ready to implement projects which will create conditions for ensuring the energy independence of the country.
The Kyrgyz Republic's Ministry of Economy and Commerce,Ministry of Energy, the Hungarian-Kyrgyz Development Fund signed a cooperation agreement with A-Híd. According to the agreement, research will be carried out to select the most promising sites for the construction of small hydropower plants.
Within the framework of the agreement, the issue of financing projects in the field of small hydropower will also be researched via using the opportunities of the Hungarian-Kyrgyz Development Fund.
The Hungarian-Kyrgyz Development Fund was established to promote economic cooperation between the Kyrgyz Republic and Hungary. The organization focuses on establishing business contacts and cooperation with Hungarian companies.
The fund provides concessional lending to self-sustaining projects in priority sectors of the domestic economy. Its authorized capital is USD 16 million.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
