Toktogul HPP Rehabilitation in Kyrgyz Republic
On 2 July 2014, the Council of the Eurasian Economic Community Anti-Crisis Fund approved a preliminary application and concept note of the investment project of the Kyrgyz Republic called Energy Sector Rehabilitation. Phase 2. Toktogul HPP Rehabilitation Component: replacement of the second and fourth turbine-generator units with replacement/rehabilitation of auxiliary systems and powerhouse equipment in the amount of US $190 million, with the Fund’s planned contribution of US $75 million.
The project involves the replacement of the second and fourth turbine-generator units with replacement/rehabilitation of auxiliary systems and powerhouse equipment at Toktogul HPP in the Kyrgyz Republic, which is part of the Toktogul HPP cascade. The cascade is the largest hydropower and strategic site in KR.
The Energy Sector Rehabilitation project is tentatively divided into 3 phases. The first phase of Toktogul HPP rehabilitation project, currently financed by ADB, involves the replacement of the electrical mechanical equipment of the plant, including the replacement of generator circuit-breakers, exciter and regulation systems, 500 kW cable lines etc. The second phase of the rehabilitation involves the replacement of the second and fourth turbine-generator units with replacement/rehabilitation of auxiliary systems and powerhouse equipment. The third phase covers the replacement of the first and third turbine-generator units.
Expected outcomes of the project implementation:
- Increase of Toktogul HPP capacity by 90 MW by 2019;
- Improvement of Toktogul HPP continuous operation time from 80% in 2014 to 90% by 2019;
- Improvement of the economic security and independence of the country from electricity imports;
- Reduction of acute winter electricity shortages in the country;
- Improvement of reliable and sustainable power supply to consumers; and
- Growth of the export potential of the Kyrgyz Republic through exports of excess electricity to the ACF member states, improvement of the balance of payment of the Kyrgyz Republic.
News on the Project
29.09.15. EFSD delegation takes part in a road show for the Toktogul HPP rehabilitation project (Phase 2)
Bishkek, 29 September 2015. On
Bishkek, 31 July 2015. On 30-31 July 2015 Eurasian Development Bank’s (EDB) delegation headed by Dmitry Pankin, Chairman of the Management Board, visited the Kyrgyz Republic.
During the visit Dmitry Pankin met with Kyrgyzstan’s Prime Minister Temir Sariyev. The parties discussed the current results of EDB’s work in Kyrgyzstan and key areas for its future operations in the country.
07.07.15. Council of the Eurasian Fund for Stabilisation and Development approves investment loans to Armenia and Kyrgyzstan
Moscow, 3 June 2015. The Council of the Eurasian Fund for Stabilisation and Development has approved two investment loans — to Armenia and Kyrgyzstan.
The investment loans will be provided to finance t he projects of Irrigation System Modernisation in Armenia in the amount of US $40 million and Toktogul HPP Rehabilitation (Phase 2) in Kyrgyzstan in the amount of US $100 million.
At the meeting Council of the Fund also approved the Annual Report of Eurasian Development Bank on its activity as the EFSD Resources Manager for 2014.
25.09.14. Framework Cofinancing Agreement between Asian Development Bank and Eurasian Development Bank modified
Moscow, 22 September 2014. On 19 September 2014, provisions on contract cofinancing were added to the Framework Cofinancing Agreement between Asian Development Bank and Eurasian Development Bank, Resources Manager of the EurAsEC Anti-Crisis Fund. That will allow ADB and the Manager to finance one contract using the resources of ADB and the ACF. Prior to the modification, the Framework Agreement provided only for parallel financing of different components of one project by ADB and the Manager.
Moscow, 16 July 2014. Eurasian Development Bank's (EDB) specialists completed their four-day mission to the place where two investment projects are proposed to be implemented in Kyrgyzstan with finance from the EurAsEC Anti-Crisis Fund (ACF). The projects are the reconstruction of Toktogul HPP, including the replacement of Units 2 and 4 with the replacement/repair of auxiliary systems and plant equipment, and the commissioning of Unit 2 at Kambarata HPP 2.
03.07.14. The ACF Council decides to provide an investment loan to Armenia and approves concepts of two projects in Kyrgyzstan
Moscow, 3 July 2014. The Council of the EurAsEC Anti-Crisis Fund (ACF) decided to provide a US $150 million investment loan to Armenia to finance the construction of the North-South Road Transport Corridor (Phase 4). The resolution was based on the approval by Eurasian Development Bank (EDB), as the ACF Resources Manager, of Armenia’s application for project finance from the Fund.
The ACF Council also approved EDB’s proposal to use the World Bank Procurement Policies in this project and to involve WB specialists in project monitoring.
In addition, the ACF Council approved concepts of two investment projects submitted by Kyrgyzstan and requested EDB to select and hire consultants to evaluate them.
The projects include the reconstruction of the Toktogul HPP, including the replacement of Units 2 and 4 with the replacement or repair of auxiliary systems and station equipment, and the commissioning of Unit 2 at Kambarata HPP 2.