Liglass Trading is ready to invest $ 500 mln to build Upper Naryn cascade of HPP

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Naryn, July 18 / Kabar /. The Czech company Liglass Trading CZ, SRO is ready to invest $ 500 million in Upper Naryn cascade of HPPs projects, director of the project for the construction of the hydropower plants of Liglass Trading CZ, SRO Erzhi Vaizihvoski told during the briefing in Naryn.

He said that, the agreement was signed for the first stage of the construction of the Ak-Bulun HPP and Naryn HPP-1. "The approximate amount of the investment will be $ 230 million. As we promised, a week after the signing, a group of our engineers-specialists came to Kyrgyzstan for a survey," he said.

Vaitichowski also said that the feasibility study will be developed at the expense of the Czech side.

"All the investments will go without a guarantee from the government of Kyrgyzstan. If we make a mistake and do not fulfill our obligations, we promised to stop the construction and leave approximately $ 57 million in authorized capital for the Upper Naryn cascade of HPPs. We pay all taxes in full. For us there are no benefits, "he added.

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