Bishkek, 26 March 2025. The Eurasian Development Bank (EDB) and the Ministry of Economy and Commerce of the Kyrgyz Republic have signed a technical assistance agreement to develop a pre-feasibility study for the Suusamyr-Kokomeren HPP Cascade Project. This agreement builds on the ongoing cooperation between the Bank and the Ministry under the Memorandum of Cooperation signed in December 2024. 

Source: Eurasian Development Bank

Under the agreement, the EDB will finance the pre-feasibility study to advance the project’s implementation. The Bank, the Ministry and an engaged consultant will collaborate to estimate preliminary capital expenditures for constructing the Suusamyr-Kokomeren HPP Cascade, develop key technical solutions, evaluate environmental and social impacts and outline the necessary state support measures for its implementation.

An essential factor in the Kyrgyz Republic’s economic development is increasing energy capacity by utilising the natural hydropower potential of its rivers. The construction of the 1.3 GW Suusamyr-Kokomeren HPP Cascade is of significant strategic, economic and social importance for Kyrgyzstan. The project will address the country’s current and future electricity demand while contributing to a reduction in greenhouse gas emissions.

The Suusamyr-Kokomeren HPP Cascade Project is part of the EDB’s key investment mega-project, the Central Asian Water and Energy Complex, which aims to foster water and energy cooperation in the region while addressing national socioeconomic challenges. The investment project aligns with the EDB’s 2022–2026 Country Strategy for the Kyrgyz Republic, focusing on the modernisation and construction of hydroelectric facilities and grid infrastructure.

Additional Information:

The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By 2025, the EDB’s cumulative portfolio comprised 305 projects with a total investment of US $16.5 billion. The Bank’s portfolio consists primarily of projects with integration effects in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The EDB adheres to the UN Sustainable Development Goals and ESG principles in its operations. 

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