Kyrgyzstan and the Russian company Inter RAO are negotiating the construction of a 500 MW thermal power plant near the village of Chaldovar in the Chui region. This was reported by the Economist with reference to the Deputy Minister of Energy of the Kyrgyz Republic Altynbek Rysbekov.
According to him, the discussions are at the initial stage. The Russian side, through Inter RAO Export, can act as a contractor and receive a share in the project.
He stressed that Kyrgyzstan is interested in the early implementation of the plant, as there is a shortage of electricity in the country. About 90% of the total generation is provided by hydroelectric power plants, which makes the system dependent on water levels and seasonal factors.
Inter RAO (PJSC Inter RAO UES, TIN 2320109650) was established in May 1997 on the basis of the decision of the founder, JSC RAO UES of Russia, is a major operator of electricity export and import, manages numerous energy assets.
As of December 31, 2024, the share capital structure is as follows: Rosneftegaz Group — 27.63%, Inter RAO Capital Group — 29.56%, PJSC ROSSETI — 8.57%, shares in free circulation — 34.24%.
Inter RAO's net profit under RAS in the first half of 2025 amounted to RUB 13.7 billion. This is 31.5% less than in the same period of 2024. Revenue increased by 18.3% to 24 billion rubles, gross profit — by 2.5% to 3.4 billion rubles, loss from sales — by 6.7% to 3.7 billion rubles.
Inter RAO's net profit under IFRS for the first half of 2025 increased by 4.3% to 82.9 billion rubles from 79.5 billion rubles a year earlier. Revenue increased by 12.4% to 818.1 billion rubles from 728 billion rubles, operating profit – by 10.2% to 68 billion rubles from 61.7 billion rubles, EBITDA – by 17% to 93.3 billion rubles from 79.7 billion rubles.
In August 2025, the AK&M Rating Agency confirmed the rating of Inter RAO's non-financial statements at RESG 1, the highest level of disclosure of information on sustainable development in reports.
