The State Atomic Energy Corporation Rosatom (ROSATOM) and the Russian-Kyrgyz Development Fund signed a letter of intent for the implementation of the wind power plant construction project

NovaWind JSC and the Russian-Kyrgyz Development Fund signed an agreement to develop and implement an investment project for the construction of a wind power plant in the Issyk-Kul region of the Kyrgyz Republic.

The installed capacity of the planned wind power plant will be 100 MW.

"The State Atomic Energy Corporation Rosatom (ROSATOM) is interested in implementing renewable energy projects in the Kyrgyz Republic and developing comprehensive cooperation with friendly countries. We have extensive experience in the construction and operation of wind farms. Nine wind power plants are already successfully operating in three regions in southern Russia. The total capacity of the company's realized wind power projects reached 1 GW. Specialists of the State Atomic Energy Corporation Rosatom (ROSATOM) will make every effort to effectively contribute to addressing the energy deficit of the Republic" - said Grigory Nazarov, General Director of JSC NovaWind.

"Recently, the Fund has accumulated significant competencies in the implementation of RES projects. Today we have seven projects in this area with a total capacity of 500 megawatts in our portfolio. Among them are construction of five small hydroelectric power plants, reconstruction of one small HPP and construction of a 100 megawatt HPP. The project for the construction of a solar power plant in Issyk-Kul region is underway. Kyrgyzstan has a huge reserve of resources for RE development. The current decisions taken by the Cabinet of the Republic will enable the development of renewable energy sources at an accelerated pace", said Artem Novikov, Chairman of the Board of the Russian-Kyrgyz Development Fund.

"Active attraction of investors is the Fund's priority in terms of reducing the energy deficit in the Kyrgyz Republic. The solution of this problem will allow, in particular, to open more industrial enterprises in the country, which will steadily replenish the budget," he emphasized.

Background information:

The Russian-Kyrgyz Development Fund was established and operates in accordance with the Agreement between the Government of the Kyrgyz Republic and the Russian Federation "On the Russian-Kyrgyz Development Fund" dated November 24, 2014. The Russian-Kyrgyz Development Fund is the most important tool in the process of integration of the Kyrgyz Republic into the Eurasian Economic Union. The purpose of the Russian-Kyrgyz Development Fund is to promote economic cooperation between Kyrgyzstan and Russia, modernization and development of the Kyrgyz economy, effective use of opportunities arising from the participation of the parties in Eurasian economic integration.

Russia is actively developing cooperation with friendly countries. Despite external constraints, the domestic economy is increasing its export potential, supplying goods, services and raw materials all over the world. Large foreign energy projects continue to be implemented. The State Atomic Energy Corporation Rosatom (ROSATOM) and its divisions take an active part in this endeavor.

For example, the State Atomic Energy Corporation Rosatom (ROSATOM) is actively cooperating with the Republic of Myanmar in the implementation of wind power projects. A total of 372 MW of wind power capacity is planned for implementation. One of the projects is currently undergoing wind measurements, and pre-project surveys and feasibility studies are underway.