| Location: | Bishkek |
| Sector: | Energy |
| Total cost: | $ 386 mln |
| Chinese partner: |
Exim Bank of China TBEA |
| Kyrgyzstani partner: |
Ministry of Energy and Industry of Kyrgyzstan JSC Electric Stations of Kyrgyzstan |
| Construction start: | 2014 |
| Putting into commission: | 2017 |
The Export-Import Bank of China is a state-owned policy bank with the status of an independent legal entity. The Bank plays a crucial role in promoting steady economic growth and structural adjustment, supporting foreign trade, and implementing the “going global” strategy. The Bank has been active in various projects in Kyrgyzstan, often linked to BRI. In May 2018, the Kyrgyzstani debt to this bank amounted to $1.5 bln, which should be paid back in a period of 5 years. [1]
TBEA, previously known as Tebian Electric Apparatus, is a Chinese manufacturer of power transformers and other electrical equipment, and a developer of transmission projects. The company actively practices the BRI strategy and is devoted to sharing the advanced electricity construction experience of China with the world. The company has provided green technology and smart environment-friendly, stable and efficient energy equipment to more than 60 countries, including the United States, Russia, Brazil, Mongolia, Tajikistan, Kyrgyzstan, Pakistan.[2]
In 2013, the Kyrgyz Government and China’s Export - Import Bank signed a loan agreement ($ 386 million for 20 years at 2% per annum with a grace period of 11 years), after which TBEA was granted the contract to modernize the power plant for. Kyrgyzstan has until 2033 to repay the loan. [3]
After modernization, the thermal power plant capacity reached 812 MW (up from the previous 300 MW), of which 300 MW was due to the construction and commissioning of two new power units. Each unit produces 150 MW. This is the largest thermal power station in Kyrgyzstan, which provides the population of Bishkek with thermal energy. The plant broke down in 2018, shortly after the overhaul was completed, leaving the residents without power for four days. [4]
https://24.kg/english/77573_Why_Bishkek_HPP_was_modernized_Government_version/