Region: Europe and Central Asia
Country: Kyrgyz Republic
Sector: Energy and Power
Keywords: Knowledge Lab, Energy and Power, Capacity building
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Document Summary:
In the context of the capacity building project, a full sector analysis was conducted to provide insight into the financial and operational state to the sector which underpins the technical work of the regulator.
Document Details:
Adequate and affordable energy supply is fundamental for economic growth, higher living standards, and social equity. The delivery of modern energy services helps to improve the quality of life for all citizens, expands opportunities for private businesses—and ultimately creates jobs. In the Kyrgyz Republic, energy is also a source of revenues when it can be produced in sufficient quantities to be exported, thereby helping to diversify the economy and open new markets.
Today, the Kyrgyz Republic is not making the most of its endowments and potential. While citizens enjoy universal access to electricity and low prices, the energy sector is financially distressed and its assets antiquated. Under these conditions, maintaining access to quality services is a challenge, and state support to the sector comes at the expense of other spending priorities (better roads, education and other key services) and deteriorating macro-stability in the face of a growing debt burden.
Updated: April 7, 2022