The Government of Kyrgyzstan is preparing to re-sell Kara-Keche, the State Committee of Industry, Energy and Mining reported.
Yesterday was held a meeting of the Interdepartmental Commission on the preparation of technical specifications for the services of a consulting company. This is necessary for the international competition for the selection of investors for the development of Kara-Keche brown coal field and Min-Kush (Ak-Ulak section), construction of thermal power plants and railway Balykchy - Kochkor - Kara-Keche.
The project cost is estimated at $2.5 billion.
In the spring the government has already announced a competition for Kara-Keche. But it didn't take place due to lack of applications. The Cabinet calls the fact that Kyrgyzstan previously had no experience of such large-scale competitions its reason. As well as a document that meets international standards, which spelled out the risks, rates and other parameters of the project.
The Government will involve a consulting company for the development of the necessary documents.
"The participation of international consulting companies will make selection of the investor to Kara-Keche field transparent, as well as provide maximum protection of the interests of the state, local communities and investors," the State Committee commented.
At present, the commission approved the terms of reference for the consulting company. It spelled out the processes of the competition, which consists of three main phases. At the same time a future investor will pay for the services of the consulting company.