At today’s meeting of the Committee on Industrial Policy, Transport, Fuel and Energy Complex, Architecture, and Construction, the draft law "On Amendments to the Law of the Kyrgyz Republic on Renewable Energy Sources" was approved in the first reading.
The Deputy Minister of Energy, Altynbek Rysbekov, emphasized that this draft law is aimed at developing renewable energy sources, modernizing the energy system, improving the investment climate, and ensuring sustainable economic growth in the country.
Furthermore, the initiative implements the president's directive to attract investments in the green economy.
"Currently, there are certain limitations for attracting investments in the renewable energy sector. In this regard, the Cabinet of Ministers proposes to establish tariffs in foreign currency for investment projects. This will help reduce risks for foreign investors and increase the country’s attractiveness for investments. The draft law also provides for preferential conditions and auction mechanisms for determining tariffs, which will ensure transparency in the selection process and enhance the competitiveness of projects," the deputy minister added.
