News Column

Kyrgyz government, international donors to develop energy sector development strategy

August 26, 2014

The Kyrgyz government together with international donor agencies will develop and approve the joint strategy for energy sector development. This information came from the meeting of Prime Minister of Kyrgyzstan Joomart Otorbayev with international financial institutions and donor agencies concerning energy sector reforms on August 25, the government's press service reports.

The Ministry of Energy and Industry and National Strategic Studies Institute will lead the work.

USAID Kyrgyzstan Mission Director Michael Green said the government carried out important reforms in the country's energy sector during the last several months.

The level of technical and commercial losses was reduced to 16%, an independent regulator and settlement center were established. However, it is necessary to strengthen work with personnel and to delegate more powers to newly created institutions, he said.

Head of EBRD Office Larisa Manastirli said the strategy is necessary to clearly understand priorities of cooperation in the energy sector. EBRD is interested in support of small hydropower plants, which can be included into the strategy, she suggested.

Representatives of the World Bank and Asian Development Bank suggested that management should be improved in power companies. They said they currently work on modernization of management system, introduction of modern business processes and corporate governance in Severelectro and Electric Stations.

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Source: AKIpress News Agency (Kyrgyz Republic)

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