According to information received on November 4, 1% of the revenue generated at renewable energy facilities goes to local budgets in Kyrgyzstan. As Emilbek Orozbaiev, director of the Green Energy Fund, explained, this rule is provided for by law and applies to all green energy facilities.
How this affects the region's financial system
This provision allows part of the revenue from energy facilities to be directed to the budgets of local authorities. Currently, the state purchases electricity generated by such stations at a price of 4.42 som per 1 kWh.
Key details of the mechanism
According to Emilbek Orozbaiev, the relevant rule is regulated by law and applies to all green energy facilities. This ensures that local administration budgets are replenished through revenue from these energy capacities.
