"Where are the 4 billion soms?" — Torobaev inquires about the reasons for the losses of "Electric Stations" after the shutdown of Bishkek CHPP

Наталья Маркова Exclusive
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Today, January 23, 2026, a meeting of the Ministry of Energy was held in Bishkek, where the results of the work for 2025 were summarized.

During the meeting, Deputy Prime Minister Bakyt Torobaev raised a question about the financial condition of JSC "Electric Stations" and inquired whether the company had managed to achieve profitability.

The General Director of JSC "Electric Stations," Alpbek Sadyrov, reported that in the first half of 2025, the company showed a profit; however, by the end of the year, due to debts on loans, it became unprofitable.

Torobaev noted that previously the Bishkek CHPP required subsidies of 1.5 billion soms. "Currently, we are allocating 4 billion soms in subsidies to the Bishkek CHPP, which were previously covered by you. We transferred the CHPP to the city mayor's office, relieving you of a financial burden of 4 billion soms. So, I am curious, where are these funds?" he clarified.

In response, Alpbek Sadyrov stated that the reconstruction of the Toktogul and Uchkurghan HPPs was carried out using loans, and the company had to deal with their repayment.

In conclusion, Torobaev requested a detailed analysis of the company's condition before and after the transfer of the Bishkek CHPP from JSC "Electric Stations" to the management of the city mayor's office.
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