BISHKEK, Kyrgyzstan --
Moscow-based utility JSC RusHydro and Kyrgyzstan's JSC Electric have
announced a plan to develop four hydroelectric stations in the Kyrgyz
Republic.
The four hydropower plants will have a combined capacity of 191
MW when complete, with a price tag near US$425 million. Each plant will
take about three years to complete, though RusHydro says it expects much
of the work to be executed simultaneously.
The stations will be set up in a 50/50 joint venture between RusHydro and JSC Electric.
Coordinating the project are the Russian Federation's Ministry of Energy and the Kyrgyz Republic's Ministry of Energy and Industry.
The Russian Federation will provide the joint venture with half the necessary funds, while ensuring that the group obtains a loan facility to cover the remainder of the construction cost.
Meanwhile, Kyrgyzstan will contribute land rights and other "intangible" assets, according to RusHydro.
A number of stipulations have already been established for the duration of the project's payback period, including:
HydroWorld.com reported in June that RusHydro had signed a tentative deal for the construction of up to 300 MW-worth of small hydropower projects in Kazakhstan.
The company also signed a deal with the Saratov region in May for the development of hydropower projects and a new equipment manufacturing plant.
http://www.renewableenergyworld.com/rea/news/article/2012/10/rushydro-jsc-electric-to-develop-four-hydro-projects
The stations will be set up in a 50/50 joint venture between RusHydro and JSC Electric.
Coordinating the project are the Russian Federation's Ministry of Energy and the Kyrgyz Republic's Ministry of Energy and Industry.
The Russian Federation will provide the joint venture with half the necessary funds, while ensuring that the group obtains a loan facility to cover the remainder of the construction cost.
Meanwhile, Kyrgyzstan will contribute land rights and other "intangible" assets, according to RusHydro.
A number of stipulations have already been established for the duration of the project's payback period, including:
- The Kyrgyz government will transfer a 25% share of the project under RusHydro's trust management;
- The Russian party will have strategic and operating management of the project, including the majority on the joint venture's board of directors and management board;
- Kyrgyzstan will exempt the joint venture from property tax and land-use taxes; and
- Russia and Kyrgyzstan will exempt construction equipment, plant equipment and vehicles from customs payments.
HydroWorld.com reported in June that RusHydro had signed a tentative deal for the construction of up to 300 MW-worth of small hydropower projects in Kazakhstan.
The company also signed a deal with the Saratov region in May for the development of hydropower projects and a new equipment manufacturing plant.
http://www.renewableenergyworld.com/rea/news/article/2012/10/rushydro-jsc-electric-to-develop-four-hydro-projects
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