Kyrgyz President Japarov Invites European Business Community to Invest in His Country

Kyrgyz President Sadyr Japarov invited the European business community and partners to invest in the fields of hydropower, renewable energy, and energy efficiency technologies in Kyrgyzstan.

Speaking at the First European Union (EU)-Central Asia Summit held in Samarkand, Uzbekistan, President Japarov emphasized that Kyrgyzstan’s strategic geographical location and growing transit potential open up broad horizons for trade and investment.

“We invite European businesses and our partners to take part in large-scale hydropower plant construction projects being implemented in Kyrgyzstan,” Japarov said, noting that together with Kazakhstan and Uzbekistan, Kyrgyzstan has begun the construction of the Kambar-Ata Hydropower Plant (HPP-1), which is expected to have an annual production capacity of approximately 5.6 billion kWh (kilowatt-hours).

Japarov stated that Kyrgyzstan seeks to expand cooperation with the EU in the field of renewable energy and energy efficiency technologies. He welcomed the EU’s initiative to invest €10 billion in developing sustainable transport connectivity in Central Asia.

Highlighting that Kyrgyzstan possesses significant reserves of rare and valuable metals, Japarov added, “In this regard, we seek cooperation with the EU, similar to the agreements previously established between the EU and Kazakhstan and Uzbekistan.”

Japarov underscored Kyrgyzstan’s commitment to deepening its partnership with the EU in all areas and expressed confidence in this relationship. He expressed hope that today’s meeting would result in new, concrete agreements that would give additional momentum to EU-Central Asia relations.