Philippine-based Asian Development Bank (ADB) announced in a press release on Sept. 9 that it has approved financial support for the third and final phase of the upgrade and rehabilitation project at the 1,200-MW Toktogul hydropower plant. Commissioned in 1975 on the Naryn River, the powerhouse contains four 300-MW units and is the largest power plant in the Kyrgyz Republic.
According to ADB, it will use special funds to provide a loan equivalent to US$60 million and a grant not to exceed $50 million. ADB said the Kyrgyz government has requested the Eurasian Development Bank (EDB) provide $40 million to co-finance phase 3 of the project.
For the first two phases, which are ongoing, ADB financed phase 1 and both ADB and EDB co-financed phase 2. Phases 1 and 2 included rehabilitating two of the four turbine-generator units, secondary electrical equipment and dam civil structures.
The funds released on Friday are earmarked to finance replacement of the two remaining units, complete refurbishing Toktogul Dam civil structures and overhaul the dam’s monitoring systems along the Naryn cascade.
“Given the increased demand for power in the Kyrgyz Republic, rehabilitation and modernization of the power sector, including Toktogul [hydropower plant], are critical for energy security in the country,” said Pei Ling Koh, ADB’s energy specialist for Central and West Asia.
“Once fully-refurbished, the [plant] will provide more reliable power supply for the country and the region.”
The plant plays a critical role as a power source for domestic use and export, according to ADB, and provides voltage and frequency regulation services to Central Asian Power System. ADB said the plant has experienced a number of major system failures in recent years due to the age of the facility’s equipment.