Bakyt Torobaev instructed to check the finances of "Electric Stations"

Ирина Орлонская Economy
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During a meeting of the Ministry of Energy's board, Bakyt Torobaev, who holds the position of Deputy Chairman of the Cabinet of Ministers, expressed concern about the lack of profit at JSC "Electric Stations" for the past year. He believes this is due to the transfer of the Bishkek CHPP under the management of the city administration.

The General Director of the company, Alpbek Sadyrov, reported that in the first half of 2025, "Electric Stations" demonstrated a profit; however, the final results of the year turned out to be negative due to loan obligations.

Torobaev reminded that the Bishkek CHPP had previously requested subsidies amounting to 1.5 billion soms and noted that the volume of state support has now increased.

"Currently, the CHPP receives subsidies of 4 billion soms, which you used to cover on your own. We have removed it from your balance, thereby relieving the company of this financial burden. I have a question: where is this money going?" he emphasized.

In response, Sadyrov noted that a significant portion of the funding goes towards servicing loans taken out for the modernization of the Toktogul and Uch-Kurgan hydroelectric power stations.

Following the discussion, the Deputy Chairman of the Cabinet of Ministers instructed to prepare a detailed analysis of the financial condition of JSC "Electric Stations" both before and after the transfer of the capital's CHPP to municipal management.
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