The Development State Bank finances the construction of the "Kulanak" hydropower plant, - Ministry of Finance

Владислав Вислоцкий Exclusive
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- On January 26, 2026, the Development Bank of the Kyrgyz Republic signed an agreement regarding the financing of the construction of the Kulanak hydroelectric power station in the Naryn region, as reported by the press service of the Ministry of Finance.

According to the information from the agency, the capacity of the new HPP will be 100 MW, which will allow for the annual production of about 435 million kWh of electricity, thereby reducing the energy deficit by almost 11%.

“This project contributes to strengthening Kyrgyzstan's position in the regional energy market, will create new jobs, and will also expand the areas of irrigated land in the Naryn district, which will promote the development of agriculture and improve the living conditions of the population,” the message notes.

Project Implementation Progress

The completion of the construction of the Kulanak HPP is scheduled for the third quarter of 2027, according to the action plan approved by the Cabinet of Ministers.


In addition, the Cabinet plans to construct the Kulanak-2 HPP with a capacity of 68.8 MW by the end of 2030.

For reference:

The founder and director of LLC "Naryn Production Enterprise" is Murzabaev Kutubai Sarbagyshovich, according to data from the electronic register of legal entities of the Ministry of Justice.

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