United States, Kazakhstan Governments Release $39 Million Regional Energy Program
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| Vice Minister of Energy of the Republic of Kazakhstan, Kairat Rakhimov and USAID Acting Regional Mission Director for Central Asia |
The U.S. Government thru its Agency for International Development USAID, in partnership with the Ministry of Energy of Kazakhstan, released a new 5 year, $39 million regional energy program "USAID Power Central Asia". The program will help the 5 Central Asian international region, Kazakhstan, the Kyrgyz Republic, Turkmenistan, Tajikistan and Uzbekistan to fulfill their national energy priorities, gain financial benefits from cross border energy trading and enhance energy security thru beyond regional connectivity.
The Vice Minister of Energy of the Republic of Kazakhstan, Kairat Rakhimov and USAID Acting Regional Mission Director for Central Asia, Peter Young, participated in the virtual ceremony.
In the course of the event, Peter Young said "The U.S. is celebrating 30 years of diplomatic relationship with the nations of Central Asia this year. We look ahead to building on our robust partnerships to convey financial advantages to humans in the place thru development of the energy sector."
Central Asia has considerable renewable energy resources, significant good-fortune for energy performance and a robust desire and foundation for elevated regional energy cooperation. Thru this activity, USAID is supplying technical offerings to the place’s national governments, utilities and different stakeholders, together with international institutions and improvement organizations, system operators, local and foreign investors and energy companies. USAID is helping national and regional energy market reforms, strengthening the regional electricity market, and promoting more adoption of clean energy technology from conventional and renewable sources.
Over beyond the decade, USAID has performed a pivotal position in laying the foundation for an economically feasible market based regional energy system in Central Asian nations. USAID has additionally reinforced regulatory frameworks to allow renewable energy improvement, power performance improvements, digitalization of the energy sector and cybersecurity enhancements. USAID’s Power Central Asia activity will work with a number of local and regional partners to construct local capacity, facilitate cooperation, and assist market based totally answers from the non-public sector.