At the press conference, RAO UES CEO Anatoli Chubais said that, in preliminary estimate, the completion may cost about $2 billion, though depending on the rated capacity of the Kambar-Ata plants upon end of the work.
In tentative estimate, the capacity of the first plant will be 400 megawatts, second plant - 1,200 megawatts.
He said that the memorandum fixed the parties' obligations and agreement that, prior to November 30, the sides would make an agreement on guidelines for such cooperation.
"Funding of the project will combine credits and investments at the internationally-set proportions", Mr. Chubais said.
He also said that his company might participate in the tender for leasing concession of the Kyrgyz distribution company Severelektro.
"We will be ready, I think, for leasing concession of Severelektro on the competition basis by the year end", said Nikolai Tanayev, Prime Minister of Kyrgyzstan
The question of UES participation in the tender was not discussed at the official level during Anatoly Chubais' visit, Mr. Tanaev noted.
Mr. Chubais also told the press conference that the UES was preparing proposals to the government on export/import liberalization in the field of electricity generation.
"Reform of the electricity sector also intends liberalization of export/import activities. I'm convinced that electricity export and import in Russia is to be liberalized and become competitive", Mr. Chubais stressed.
"It is the key position of our company and me as its CEO", he added. The UES head noted that, if the government took the decision, RAO UES was ready to compete with other companies.
