At a meeting of the committee on the fuel and energy complex of the Parliament of the Kyrgyz Republic, Energy Minister Taalaibek Ibraev recalled that in the Kambarata HPP-1 project the shares are distributed as follows: Kyrgyzstan will own 34%, Uzbekistan and Kazakhstan — 33% each.
Deputy Zamirbek Mamasadykov asked why Kyrgyzstan was not allocated a large share —, for example 52%, leaving the remaining countries 24%. The minister explained that the distribution of shares is related to the financial contribution to the project.
«The percentage of shares corresponds to their financial participation. But this does not mean that 33% of electricity will go to Uzbekistan and Kazakhstan. First of all, Kyrgyzstan will fully meet its electricity needs, and only the remaining volumes can be exported», Ibraev noted.
Mamasadykov also expressed fears that the project could lead to the loss of control over the Naryn River. However, the minister assured that the river and lands remain the property of Kyrgyzstan.
«Partner countries have a stake only in the Kambarata HPP-1 project. In 31 years, after the return of invested funds, Uzbekistan and Kazakhstan will withdraw from the project, and the hydroelectric power station will completely come under the control of Kyrgyzstan», — he added.
The discussion took place during the parliamentary consideration of the draft law «On the ratification of the loan agreement (Project for the modernization of the «Dolinka» substation and the reconstruction of the «River» substation) between the Kyrgyz Republic and the European Bank for Reconstruction and Development and the grant agreement (Project for the modernization of the «Dolinka» substation and the reconstruction of the «River» substation) between the Kyrgyz Republic, the open joint-stock company «National Electric Network of Kyrgyzstan» and the European Bank for Reconstruction and Development, signed on June 10, 2024 in Vienna».
