Development Prospects and Current Problems of the Kyrgyz Republic’s Energy Sector

The energy sector is the basis of the economy of the Kyrgyz Republic. It performs budget-forming and system-forming functions, contributes to the vital activity of all branches of the national economy and the population, and determines the main parameters of the country’s socio-economic development and its economic security. The effectiveness of developing energy issues and energy allows Kyrgyzstan to ensure its reliable security and energy independence. The country’s economic growth and its regions are directly related to the further development of the fuel and energy sector. Applied use of research materials is that the conclusions contained in it can be used in the formation of policy for the strategic development of the country’s fuel and energy complex (FEC). The essence of the strategic task of the FEC is to select new innovative directions that would ensure its sustainable development and serve as the foundation for improving the efficiency of operations and reducing the energy intensity of the gross domestic product. Simultaneously, a leading direction is the fulfillment of the strategic tasks of the energy sector of Kyrgyzstan based on the use of an alternative type of energy and advanced technologies in the process of decarbonization and the introduction of advanced digital technologies in the industry. The country’s FEC is highly important in developing its economy, necessitating a deep study of the problems existing in the industry to determine the prospects for its development, which determines the relevance of the research topic.