BISHKEK, Kyrgyzstan, February 5. Investment
agreements in the field of energy were signed during the state
visit of the President of Kyrgyzstan Sadyr Zhaparov to China,
Trend reports via
the administration of the President of Kyrgyzstan.
Thus, an investment agreement was signed between the Cabinet of
Ministers of Kyrgyzstan and the Chinese company Shenzhen Energy
Group Co., Ltd. The document provides for the construction and
operation of a wind power plant with a capacity of 300 MW on the
territory of Kyrgyzstan.
Furthermore, another investment agreement with “Shenzhen Energy
Group Co., Ltd.” has been concluded, which is aimed at creating a
solar power plant with a capacity of 300 MW.
“These agreements open new prospects for energy cooperation
between Kyrgyzstan and China, contributing to the development of
renewable energy sources, attracting investment, and strengthening
the energy security of the republic,” the information notes.
Regarding bilateral economic relations between these nations,
China has become a main trading and economic partner with
Kyrgyzstan. In 2022, China constituted 37 percent of Kyrgyzstan’s
overall commerce, significantly surpassing other nations. China is
the primary bilateral creditor of Kyrgyzstan. Kyrgyzstan
participates in China’s Belt and Road Initiative (BRI), perceiving
it as a chance to enhance foreign direct investment, modernize
transportation infrastructure, and establish improved linkages with
Europe and China. It is also engaged in China’s Digital Silk Road
Initiative, which methodically enhances its high-tech collaboration
with China.
Stay up-to-date with more news on Trend News
Agency’s WhatsApp channel
