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Tuesday 24 March 2015

CASA-1000: USAID to Finance 25% of the Kyrgyzstan’s Share

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BISHKEZK (AKIpress) – The USAID and the US government are ready to support the CASA-1000 project by financing 25% of the share of Kazakhstan – $57.5 mln).

Map of the CASA-1000 Project
Click here to get the enlarged map

The total share of Kyrgyzstan in this project is $230 mln (14.3 bln som). Currently, the total financing gap is about $57 mln (3.6 bln som).

CASA-1000 is now completing its initial financial and multi-national power transaction and transmission agreements, and will soon enter the construction phase. ECODIT LLC, the Prime Contractor for the USAID Energy Links Project providing technical and financial support to the CASA-1000 Secretariat, is looking for a highly qualified individual to take over the role of the Secretariat Executive Director (ED) for the construction phase.

When completed, CASA-1000 will allow Tajikistan and Kyrgyzstan to profit from existing, unused summer generation capacity by selling electricity to Afghanistan and Pakistan. Afghanistan would doubly benefit from the project as a consumer (300 MW) and as a transit country generating revenue. Pakistan would add 1000 MW to its national grid during the summer months when it experiences its peak demand period and have access to a reliable, clean, and cheaper energy supply. CASA-1000 is entirely dependent on existing hydropower generation so it will not affect water-sharing agreements for other Central Asian countries. It also complements ongoing efforts by the Asian Development Bank (ADB) and others to support a regional energy grid.

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