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Kyrgyz government offers World Bank to create Central Asian platform for water and energy talks

July 23, 2014

Vice Prime Minister of Kyrgyzstan Valery Dil on July 23 met with World Bank Regional Director for Central Asia Saroj Kumar Jha, reported the government's press service.

The issues related to administration reforms of electricity sector and creation of common energy market were discussed at the meeting.

Mr. Saroj Kumar Jha said the World Bank is ready to finance implementation of two projects for the Kyrgyz Republic on energy sector reforms for $25 million and pasture management improvement for $15 million.

The Vice Prime Minister of Kyrgyzstan said it is necessary to create a platform for talks with the neighboring states in Central Asia on regulation of water and energy resources. "Someone should take this initiative and invite us to seat to the table of negotiations," Vice Prime Minister Valery Dil stated.

The Kyrgyz Republic has the law on renewable energy sources, but due to various reasons small hydropower sector is not developed, Vice PM Dil said. "It is required to establish a fund with $10 million capital for subsidizing small hydropower plants until they achieve profitability. Management should be collective, then renewable resources sector will become profitable," the Vice Prime Minister suggested.

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Source: AKIpress News Agency (Kyrgyz Republic)

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