OREANDA-NEWS. The agreement to provide a USD 100 million investment credit from the EFSD for the rehabilitation of the Toktogul HPP (Phase 2) took effect. In the near future, the Kyrgyz Ministry of Economy will begin to prepare tender documents to arrange procurement for the project. Procurement will be effected using international bidding procedures.

The project is co-financed by the Asian Development Bank. It envisions replacing Units 2 and 4, including the replacement or repair of auxiliary systems and plant equipment, at the Toktogul HPP, one of hydro power plants of the Toktogul cascade. The cascade is Kyrgyzstan's largest hydro facility and strategic site. The Toktogul HPP, with an installed capacity of 1,200 MW, is the largest and most important plant in the cascade.

The project will help to enhance power supplies from domestic sources and support international trade in electricity. It will also improve asset management, as well as planning and performance in the sector.

The Fund's Manager is also considering Kyrgyzstan's preliminary application for financing Phase 3 of the project.