Deputy Minister of Energy Altynbek Rysbekov presented information about the draft law.
He emphasized that this document is designed to implement the Decree of the President of the Kyrgyz Republic regarding attracting investments in the green economy, particularly in the fuel and energy sector.
Currently, electricity tariffs are set by the Cabinet of Ministers in the national currency.
The proposed draft law will allow prices to be set in foreign currency for investment projects and public-private partnership projects in the fuel and energy complex. This, in turn, should positively impact the attraction of foreign investments and improve the overall investment climate in the country.
In addition, the draft law clarifies the concept of a grace period for the maximum tariff in the field of renewable energy sources and introduces a new term "auction" as a mechanism for selecting projects and determining the tariff by reducing its maximum level.
These changes are aimed at increasing transparency in the project selection process and enhancing their competitiveness.
