Tbilisi, Georgia – Mr Emilbek Orozbaev, Director of the Green Energy Fund of Kyrgyzstan (the Fund), and Mr Jaba Khmaladze, CEO of JSC “Georgian Energy Development Fund” (GEDF), signed a Memorandum of Understanding (MoU) on 17 November 2023 with the support of the European Union’s project “Sustainable Energy Connectivity in Central Asia (SECCA)”.
The primary objective of this MoU is to establish cooperation between the parties in the field of renewable energy development. The parties agreed to exchange information concerning the regulatory framework, technical standards, awareness raising and best practices. This exchange is essential to ensure informed decision-making and promote successful project implementation.
“The GEDF’s experience in identifying promising renewable energy projects and supporting their development through pre-feasibility studies and preliminary environmental impact assessments, as well as promotion of green investments are of particular interest for us. With the helpful coordination by the SECCA project, we signed this Memorandum of Understanding, the starting point of our cooperation”, stated Mr Orozbaev.
“Signing of the MoU is an important step. There are already further activities planned. With the SECCA’s support, GEDF will develop a business model for operation of the Green Energy Fund. We will do financial modelling and pre-feasibility study for small hydropower projects. In March-April 2024, we plan to present the results of these activities to our partners in Kyrgyzstan”, said Mr Paata Janelidze, SECCA Team Leader.
The representatives of the Fund and GEDF were first introduced to each other in Bishkek at the International Conference “Sustainable energy in Kyrgyzstan: prospects and challenges” organised jointly by the Ministry of Energy of the Kyrgyz Republic and the SECCA project on 15 May 2023. On 5 October 2023, at the SECCA technical workshop also organised in Bishek, GEDF presented its experience in promoting hydropower, approach to development of pre-investment documentation, and financing schemes for small hydropower projects.
Background:
Founded in November 2022 by the Cabinet of Ministries of the Kyrgyz Republic, the Green Energy Fund’s mission is to develop an effective public administration system in the green energy sector. The Fund has been tasked to accumulate funds to finance, maintain, subsidies, repair, reconstruct and construct renewable energy facilities, as well as to stimulate the development, implementation and production of energy-saving renewable energy technologies.
Founded in 2010, JSC “Georgian Energy Development Fund” is managed by the Ministry of Economy and Sustainable Development of Georgia. GEDF’s mission is to promote realisation of country’s energy potential, retrieval of appropriate funds, by developing projects and their effective implementation. The main goals of GEDF are search for perspective projects of renewable energy sources and promotion of their development.
The EU-funded project “Sustainable Energy Connectivity in Central Asia (SECCA)” (from March 2022 to March 2026) aims to promote a sustainable energy mix in the Central Asia region in line with EU best practices. To fulfil its mission, SECCA strives to provide for strengthened and more inclusive policy, regulatory and institutional framework for the transition to a sustainable energy system, within a regional context, and focuses on contributing to the fulfilment of international human rights commitments in CA countries, including equal access to energy, and supporting gender inclusive policies and legislation for energy efficiency (EE) and renewable energy (RE). The project activities include capacity development for EE and RE deployment, awareness raising on EE and RE, and improving investment climate for EE and RE projects.
For additional information, please contact Mrs Yelena Serebrennikova, Senior Communication Expert, SECCA, email: media@secca.eu, WhatsApp: +77019814020, Mrs Nurgul Smagulova-Dulic, Digital Communication Expert, SECCA, email: nurgul.smagulova@secca.eu, WhatsApp: +77012066760, or the EU Delegation to the Kyrgyz Republic, email: delegation-kyrgyzstan-pic@eeas.europa.eu.
