USA will help with creation of Central Asian electricity market

USA will help with creation of Central Asian electricity market

United States Agency for International Development (USAID) will help with creation of the Central Asian regional electricity market (CAREM). About it, in Washington at the ceremony of signing of the Memorandum of understanding between the USA and Kazakhstan, Javier Piedra, Deputy Assistant Administrator for the Asia Bureau declared. From the Kazakh side the document was signed by deputy minister of Energy of the republic Sungat Esimhanov.

«Integrated market CAREM will promote saving funds, increase of level of power safety and economic stability, and also will facilitate process of commercial trade and will involve investments into power sectors of all five countries of Central Asia and neighbouring countries of Southern Asia», – Piedra noted.

Thus, USAID will support the countries of Central Asia: Turkmenistan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan in creation of the profitable and steady market of electric power. This market will deliver the accessible electric power at the price in the countries of Central Asia for satisfaction of requirements of each state and support of their social and economic development.

Ultimate goal of CAREM is creation of the integrated market of the electric power providing fair, transparent and stable trade of electric power that, in turn, gives ample opportunities for economic growth of all countries of the region.

As experts consider, though each of five countries of Central Asia has internal power resources, all of them pursue overall aims in power sector. Priority problems here are reliable maintenance with the electric power at the least expenses, maintenance of technical standards and attraction of investments.

In recent years even more often at various levels appeals to creation of the integrated Central Asian market of electric power or a power ring are made. Such system operated during the epoch of the USSR. It allowed Kazakhstan, Kirghiz Tajik and Uzbek consumers not to test a lack of electricity during the periods of peak consumption, covering power deficiency at the expense of the general system.

Turkmenistan in this system was the donor of electric power which not only covered the requirements at the expense of its own manufacture, but also delivered surpluses of energy to the general system.

Today Turkmenistan is one of the largest exporters of electricity in the region.