Kyrgyz media reports says the Cabinet of Ministers of Kyrgyzstan announced signing of an investment agreement for the construction of Kazarman hydropower cascade of hydropower plants (HPPs).  The agreement was reportedly signed on the sidelines of the 7th International Economic Forum Issyk-Kul 2023 that took place on July 27. says the total cost of the investment is preliminary estimated at US$2.4-3 billion and will be determined based on the results of the development of detailed design.

Investors and implementers of the project are a consortium of China’s largest companies PowerChina Northwest Engineering Corporation Ltd, Green Gold Energy (GGE) and China Railway 20th Bureau Group Co Ltd.

Kyrgyz Prime Minister Akylbek Japarov noted that the concluded investment agreement is the largest in the history of Kyrgyzstan.  

The Kazarman hydropower cascade is a future hydropower project near Kazarman in Jalal-Abad oblast Region.  It is expected to be built and put into operation on the Naryn River by 2030.  When completed, it will consist of 4 hydropower plants: Ala-Buga, Kara-Bulung-1, Kara-Bulung-2 and Toguz-Toro, with a total installed capacity of 1160 MW.