Azerbaijan and Kyrgyzstan Approve Plans for HPP and Garment Factory Construction

The Azerbaijan-Kyrgyzstan Development Fund is set to finance two projects in the Kyrgyz Republic, according to the Ministry of Economy and Commerce.

According to the ministry, the decision was made following the 4th meeting of the fund’s board, which was held in Baku, The Caspian Post reports citing 24.kg.

The parties will begin construction of a small hydropower plant with a capacity of 9 megawatts and a modern garment factory for 300 jobs.

The fund also approved its investment policy and other documents necessary for its operation. The concept of financing the construction of a multifunctional center was approved.

Recall, the Azerbaijan-Kyrgyzstan Development Fund was established in 2023 with a capital of $ 100 million.