October 12, 2008

Russia to Invest in Large Energy Projects in Kyrgyzstan – Minister

Excerpt from report by state-owned Kyrgyz Television 1 on 8 October

Russia is going to invest in large energy projects in Kyrgyzstan, Russian Energy Minister Sergey Shmatko has said at the tenth session of the Kyrgyz-Russian inter-governmental commission. Large investments will be possible after the two heads of state sign an agreement in the energy sphere. Omurgul Toktonazarova gives the details.

[Passage omitted: Kyrgyz Energy Minister Saparbek Balkibekov greeted Sergey Shmatko at the airport and later held talks behind closed doors]

[Correspondent] During a session in the presence of the two delegations, the parties said they were satisfied with the results of the work of the inter-governmental commission.

[Prime Minister Igor Chudinov] I would like to mention that the work of the inter-governmental commission which held a session at Lake Issyk-Kul yesterday and today was fruitful. There were 16 issues on the agenda. We reached agreements with the Russian party on all the issues.

[Correspondent] Russia and Kyrgyzstan are not going to limit themselves only to this. Russia is going to invest in large projects, including construction of energy facilities in our country. Sergey Shmatko also said Russia could participate in the construction of the Kambar-Ata-1 hydroelectric power station.

[Shmatko] We agreed to strengthen our cooperation. Authorized companies will develop a feasibility study for this and other projects. After that, under Kyrgyz legislation, procedures for starting the implementation of the projects will begin.

[Correspondent] Igor Chudinov and Sergey Shmatko worked out a draft agreement on cooperation in the energy sphere. The document will be given to [Kyrgyz President Kurmanbek] Bakiyev and [Russian President Dmitriy] Medvedev for approval tomorrow. Although the new agreement will not solve all problems in the energy sector at once, it will create a legal framework for implementing large projects, participants of the session said. And there are quite a few such projects in Kyrgyzstan.

[Video shows the airport, a session]

Originally published by Kyrgyz Television 1, Bishkek, in Russian 1400 8 Oct 08.

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