Power

U.S. partners with Kazakhstan and Central Asia in a $39 M energy deal

USAID Central Asia

The United States government has partnered with Kazakhstan and the Central Asian countries in a $39 million energy program called “USAID Power Central Asia”, aimed at assisting the region in meeting their energy needs, the U.S. embassy at Kazakhstan announced this Thursday.

Firstly, the U.S. government met the agreement through its Agency for International Development (USAID).

Secondly, the agreement contemplates a five-year deal, with a $39 million investment to assist, as said above, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan to meet their energy needs, and provide for them energy security, cross border economic benefits, and also greater regional connectivity.

Representatives from the U.S, government and from the Republic of Kazakhstan signed the deal in a virtual ceremony. Specifically, Kairat Rakhimov, Kazakhstan’s vice minister of Energy; and Peter Young, USAID Acting Regional Missin Director.

During the virtual event, Young stated. “The U.S. is celebrating 30-years of diplomatic relations with the countries of Central Asia this year. Consequently, we look forward to building on our strong partnerships to bring economic benefits to people in the region through improvement of the energy sector.”

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Program aimed to boost renewable energy at Central Asia

Moreover, the U.S. embassy underlines that “Central Asia has abundant renewable energy resources, considerable opportunities for energy efficiency, and a strong desire and foundation for increased regional energy cooperation.”

Consequently, this program would help the region with technical services for Central Asia’s utilities, stakeholders; also institutions and energy companies, system operators and also investors.

“USAID is also supporting national and regional energy market reforms; strengthening the regional electricity market; and also promoting greater adoption of clean energy technologies from conventional and renewable sources.” The statement remarks.

Finally, the USAID program will work with local and regional partners to build energy capacity for the countries; as well as cooperation and support for market-based solutions from the private sector.

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