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        
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    


    


    
    

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  
        
       .........................................................................................................................................4
       ......................................................................................................................................................5
       ...........................................................10
       ..............................................................................................................................10
       ................................................10
         .....................................................................................11
         ..................................11
         .......................................................................................................12
       ..........................................................................12
         .........................................................................................................12
        .......................................................................................................13
       .....................................................................13
       ...........................................16
       ..........................................................................................................................16
         ....................................................................................................................................16
         ..........................................................................................16
           .................................................................................................................17
           .......................................................................17
           ............................................................................................................20
       ..............22
       .....................................................22
       ...........................................................................23
         .........................................................................................................24
 
 .........................................................................................................................................................26
             ......................................................................26
            ...................................................................27
             ...........................................................27
             .........................................................................27
       ......................................................28
       ....................31
       ...................................................................................................................................31
       ........................................................................32
         ................................................................................................................................32
         ........................................................................................................................................34
        .......................................................................................................................................34
         ...................................................................................................................................35
         ..................................................................................35
        .........................................................................................................................36
         ...........................................................................................................36
         ...........................................................................................................37
       ................................................................................................................................................37
         ...............................................................................................................37
         ...............................................................................................................39
         ..............................................................................40
         ..............................................................................41
       .................................................................44
       .................................................................................................................................................46


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 ...............................................................................................................................................................48
     .......................................................................................................................48
 .............................................................................................................................................................61
     ...............................................................................................................61





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
















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 
              
          

    •                  
                 
         
    •                  
         
    •            
         
    •             
         
         
              
              







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 
           
             
            
           



             
            
             

               
            

          
             


            
           

             
              


              
           

                
           

             
           

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              

             

           

               

              
            

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
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    
       •   
       •   
       •   





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
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 
              
             
             
                
               
            


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
            
            

              
             
           

            



               

            
              

                      
                       
         
         
         
                     
                     
                   
         
                   
         
                      
                          


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         
         
                     
                     
                     
         
                     
                   
         
        
                        
                    
         
         
                   
         
                      
         
         

               

            
              

             

 



           
             
              
              
           

                   
         
        
         
        
        
         
             
              
            


                
            

        


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   




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                       
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           
         


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
               

             

            
  

             


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           


             

              




               
              


             


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

                    




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
              

                
       
              o    
              o    
              o             
                   
              o               
                   
              o    
                   
                    
         
         
                    
                      
         
               
                 
                  
                    
                   
       
               
                
       

            


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
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 
          
             

               
            

                

             
         
              


 


               
              
               
             
           

               

            

                 
            

            
              


             
           

              
          
             
           


 

            
             


               
             
          

            

               
           





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 
            
               


    •    
                  
         
    •                   
                    
                    
         
    •    
    •               
         

 

    •               
                        
         
    •    
    •                   
         
    •                  
         
             

    •                
                    
         
    •               
         
         
    •                
         
    •                 
                     
                     
                        
                           
         
         
         
                    
                       
         




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






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             
           
           
                
             


 

             


                

           



           


            

            

             



 

                 
             

            


 
               
             


       •                
                      
            
       •    
            
            
       •    
                      
            
            



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

                   
    

  




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                              
                            
                             
               
                            
                          
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     •         
               
                              
               
               
     •         

                   o    
                   o    
                   o    
                   o    

               
               
                            
               
               

     •                     
               
               
     •         
     •         

 
              
               




 
               

         
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                                                  
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    
    




                                                                                               

                      
                                                                                                  
                     
                                                                                           
                                                                                           
                                                                                            


             
                 





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  
             


  

               


  



                 



             
             


            
               
             

                
           

           
             


           

              

             

               
              
              
               

             



                 


              
             



             





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


                

           
              
                

               
               


               
             


              


              






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       
  

           



            


             


 

 

             
           

             



         
             

     
                  
     
                          
                   
                  
     
                          
                   
     
                  
                  
     
                           
                   

 
               

    •                 
         
    •    
              o    
                   




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              o    
                                  
                   
    •                 
         

            



        
        
        
         
            
             


               
              

            
              
              

 

            
             
            
             

 



            
             
             

                     
         
        





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                          

                                                   Installed capacity in CAPS




                                                      Tajikistan;
                                                         19%


                                                                     Uzbekistan;
                                               Kyrgyzstan;              52%
                                                  16%

                                                      Southern
                                                     Kazakhstan;
                                                        13%




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              
              
              
             
             


        
        
              
               
           
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
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              







    •    
    •    
    •    




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


                 

                   
              
              


                

                  

                
         
                
             
 
            

              
             

    •               
         
    •    
              o    
              o    
                   
    •    
         
 

                

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



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           
              




             
            

             
             


            
                

           




            
               
             
              





              
            


           
            




               

            



              


               
          

              

             







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

               

              

              

               
          


           
              
               

                
              
           
             




              
              
              






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       
    

             
          
             

              
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 
       •   
       •   
       •   
       •   
       •   
       •   
       •   
       •   


                
             


              



              
             

              
               
             


 
            




             
              


              

              
              





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7
    



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 

            

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                                                                  
                                                             
   




                                                                                                               
                                  

                                                                                                  


                                                                                                           


                                                                                                           


                                                                                                           





                •            
                •                         
                             
                             
                •              
                             
                •            
                •                            
                                         
                                             
                              
                                            
                                           
                             
                                        
                             

                •                      
                                           
                                    
                                          
                             
                                         
                             
                                          
                             
                •                         
                             
                             
                •                      
                              
                                           




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         
         
    •      
         
                      
         
         
    •     
                    
         
         
         

    •                
                       
         
                       
                      
         

 

           
              

           

           
               
              
             


             
                

              
                


            



             
             
                

              

             




             
            

             



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           


             
              
           









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    
  
             

              


    •    
         
    •                 
         
    •               
         
    •                
         
         

 

     
               
                         
                 
     
     
     
     
     
                    
       
     
     
       


                 
                   
        
                        
        
     
                      
        
                
                      
                   
        
     
                          
                 


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               
               
     
                             
                 
               
               
               
     
               
               
     
               
               
               
                 
               
               
     
               
               
                 

 


     
                 
       
               


 
              

     
     
     
       
       



 
                
       




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 

             

          

            

     
               
                         
                 
                         
         
                      
         
         
         
                       
                       
         
                 
       
                   
                 
                   
       
      
                        
       
       
                 




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
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                                 




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                                         
                                        
                          
                          
                          
                         
                             
                                                                                             
                                                                                             

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                               
                        
                                
                                            
                                  
                                      
                          
                                     
                        
                        
                                  
                                      
                        
                                    
                                      
                        
                      
                                       
                                    
                          
                          
                                           
                          
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                   

                                                      

                                                        

                                                            

                                                                 

                                                               

                                                                

          
                     
                      
                       
         
         

                    

                                                    
                                                
                                                                               

                                                                               

                                                                               

         
              •    
              •    
              •            
                   
         
         
      
        
                     
       
       
                     
                          
                      
         
                 
                  
                  
       
      
        
        
        





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       
  
              

            

                
                
             

               




              


 


    •    
    •    

    •                
         
    •               
         
              
             


    •    
    •               
                    
         
    •    
                        
                    
                   
                       
                    
         
              
           
           

               



                                     

8
                  




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

                 


           




 

 
              


    •               
         
    •                  
         
                       
                        
                     
         
                                            
                                                      
                                                            
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                                                                  
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                                                                  
                                                                  
                                                                  
                                                                  
                                                                  
                                                              
                                                              
                                                              

    •              
         
    •    
    •    
    •               
         
    •    
                   
         





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    •    
         
                

             

                                 




              
             
               

              
          

              


            
             


    •                 
         
    •     
         
         
    •     
         
              o    
              o    
              o    
                        
         

                                     

9
                 




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             
             

               

              
             
              


 


              
             

               
           


                    
                


 



                 


                



     •   
     •               
         
     •   
              o    
                   
              o    
                   
                   
                   
              o                    
                   
              o    
                                
                   




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10
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



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 

                  

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                                                                    
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                                                                    
2010                                                                                     
2011                                                                                    
2012                                                                                    
2013                                                                                    
2014                                                                                    
2015                                                                                    
2016                                                                                    
2017                                                                                    
2018                                                                                    
2019                                                                                    
2020                                                                                   
2022                                                                                  
2025                                                                                  
2029                                                                              

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                                                                      
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                                                                           
2010                                                                                           
2011                                                                                          
2012                                                                                          
2013                                                                                          
2014                                                                                          
2015                                                                                          
2016                                                                                          
2017                                                                                          
2018                                                                                          
2019                                                                                          
2020                                                                                          
2022                                                                                          
2025                                                                                          
2029                                                                                          

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 
             

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
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                           
                                                            
      Kyrgyz Republic                                                                                  
    Northern Kazakhstan                                                                             
    Southern Kazakhstan                                                                                
          Tajikistan                                                                                   
         Turkmenistan                                                                                     
          Uzbekistan                                                                               

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
     •     
     •     
     •     
               
            




 
             




                          

                                                            
      Kyrgyz Republic                                                                                         
    Northern Kazakhstan                                                                                         
    Southern Kazakhstan                                                                                       
          Tajikistan                                                                                          
         Turkmenistan                                                                                         
          Uzbekistan                                                                                          



 
             

                 

                

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
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                                 
                                              
                                                                            
                                                                            
                                                                            
                                                                            
                                                                            
                                                                            
                                                                            
                                                                            
                                                                            
                                                                            
                                                                            
                                                                            
                                                                            
                                                                            
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

 
           


            


                                         

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                                                    
                                                                         
                                                                         
                                                 

                                                    
                                                                         
                                                                         
                                               

                                                              


 

 

               

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
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




                                                 

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                                                             
                                                                                           
                                                        
                               
                                                                                                       
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                                                                                                       
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    




                                
                                                                                                         
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                                                                                               
                                                                                             
                                                                                               

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                                                             
                                                                                           
                                                        
    




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                                                                                                       
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                                                                                                       
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                                                                                                         
                               
                                                                                               
                                                                                             
                                                                                               

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
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                                                        
                                                                                       
                                                   
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                                                                                                     
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                                                                                                    
                           
    




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                                                                                                       
                            
                                                                                             
                                                                                           
                                                                                             

     
    
                
                  
    

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    
                  
                 
    
                                               

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                                                         
                                                                                       
                                                    
                             
                                                                                                     
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                                                                                                    
                            
          




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                                                                                                      
                             
                                                                                            
                                                                                           
                                                                                             

    



    
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                                                   
                                                                                     
                                              
                          
                                                                                                   
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                                                                                                  
                         
        




                           
                                                                                                    
                          
                                                                                          
                                                                                         
                                                                                           

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                                           

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                                                       
                                                                                     
                                                  
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                                                                                                   
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                                                                                                  
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    




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                                                                                                     
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                                                                                           
                                                                                         
                                                                                          

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   
  
  
  
  

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  
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 


             

    •    
    •    

                

                 




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            

                         

                                          
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                                                                                      

                                                                                      

                                                                                      









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                 




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               
              

                         

                                          
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                                                                                         

                                                                                         

                                                                                         

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                
                


            




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
               








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              



                




              

             


                       

                                                
                                                                 

                                                                 
                                                                 

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               
                






                  






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 
               
              
             


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             
  


                 
                       
       
                 
       
                     
                    
                   
                 
                   
                      
       
                      
                       
         
         
         
               
       
                     
       
                
                    
       
     
       
                  
       
       
         
                      
                     
                        
         
                       
         
                  
                  
       
                    
       
                
                   
       
     
       
                     


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         
         
                     
                    
                      
                          
         
         
                 
       
                   
                 
                    
       
     
        
                       
                       
        
     
                   
         
                   
        
     
                   
        
             

                 







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 

            


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
     
       
                   
                 
       
                  
       
       
     
       
       
               
                     
                  
       
            
             

     
       
       
               
                    
       
                
                   
       
                
                    
                   
       
                    
       
                   
       
     
               
               
                      
                    
                       
         
         
                       
         
                     
         
                      
         


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                 
                       
       
       
     
       
     
                 
                     
        
                         
        
              
                   
        
                
        
     
               
                 
                         
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               
                   
                   
                              
                            
                   
               
     
        
                    
                  
         
         
                  
                    
                   
        
                    
                  
                      
                   
                     
        
             



               
           
            

              






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    


            

    •    
    •    





               




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
             
                
               


                

             

               




               
            
              






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
                
            



              
           

               
               
             

               
               

            

              
            


                
                 

              




               
          
           
               


               
           
             
              


 




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

                

             

           




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
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


    •    
    •    
    •    

               
               
 
               
               

               
               


             

              

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

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    •    
    •    


                   













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
               
           
               

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               

    •    
    •    

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             

             
            

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                 
 

            
              

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


 
            

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
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
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


              
             

    •    
    •    
               

             
                

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
                
                
                

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                
             
                 


              
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

                 
              



               
                 
              

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                
            
              
               


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
              

                 
                 
                
             

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              
              


            

              
              

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             

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

                



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

              
            
             

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
            



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
             



              

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
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

              
               


               


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                
                
                 
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
                

              

               
                

              

                  

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              

               
                

              



                 
           



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
                

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
             
              
           
               


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              

                 

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


           

            


              
               

             
             

               
                



             

              

           



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            


              
               

             
             

               
                



             

              
 




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

                
           



               

               


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               



               



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               
             

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
                
              
              
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

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              

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
              

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
                 
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
              


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           

              
              







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
                 

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
               



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

             
              

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
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          


          
            
            
           







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                

              
           

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                

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