Masdar agrees to explore renewable energy opportunities in Kyrgyzstan

Masdar has signed a Memorandum of Understanding with the Kyrgyz Republic’s Ministry of Energy to explore the development of renewable energy opportunities in the Central Asian nation and support Kyrgyzstan’s clean-energy objectives. 

Doskul Bekmurzaev, Minister of Energy of the Kyrgyz Republic and Abdulla Zayed, Head of Development and Investment, Central Asia and Russia, at Masdar, signed the MoU in Bishkek.

Under it, Masdar will explore the development of and investment in a range of renewable energy projects, including ground-mounted solar photovoltaic (PV), floating solar PV and hydropower projects, with a potential capacity of up to 1 gigawatt (GW).  

“Masdar is ready to support Kyrgyzstan’s efforts to diversify its energy sources, cut greenhouse gas emissions and deliver carbon-free development by 2050,” said Abdulla Zayed.

Kyrgyzstan is targeting reducing greenhouse gas emissions by as much as 44 percent by 2030, and achieving carbon neutrality by 2050. While the country already generates around 90 percent of its electricity from clean energy resources, this is almost exclusively from aging hydropower plants. By tapping the country’s high irradiation levels, Kyrgyzstan could enhance energy security while also managing its water resource levels, which are being diminished by climate change.

19.04.2022