The State Development Bank finances the construction of the "Kulanak" Hydroelectric Power Station, - Ministry of Finance

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- On January 26, 2026, the Development Bank of Kyrgyzstan signed an agreement regarding the financing of the construction of the "Kulanak" hydropower station in the Naryn region. This was reported by the press service of the Ministry of Finance.

According to the agency, the capacity of the new hydropower station will be 100 MW, and the annual electricity generation will reach approximately 435 million kWh. This will help reduce the energy deficit in the country by nearly 11%.

“The implementation of this project will strengthen Kyrgyzstan's position in the regional electricity market, create new jobs in the Naryn region, and allow for the expansion of irrigated land, which will contribute to the development of agriculture and improve the living conditions of the local population,” the statement noted.

Historical Reference

It is expected that the construction of the "Kulanak" hydropower station will be completed in the third quarter of 2027, according to the action plan developed by the Cabinet of Ministers.


Also, the Cabinet's plans include the construction of the "Kulanak-2" hydropower station with a capacity of 68.8 MW, which is to be completed by the end of 2030.

Additional Information:

According to the data from the electronic register of legal entities of the Ministry of Justice, the founder and director of OsOO "Production Enterprise Naryn" is Murzabaev Kutubai Sarbagyshovich.

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