GSU Enters Kyrgyzstan Through Majority Acquisition Of 40Capital To Expand Run-of-the-river Hydro

Global South Utilities has purchased a 51% share in 40Capital, an Emirati renewable energy company focused on run-of-the-river hydro projects in the Commonwealth of Independent States. The agreement was signed during Abu Dhabi Sustainability Week 2026. The move opens Global South Utilities’ presence in Kyrgyzstan and deepens its reach across the CIS after a recent investment in Uzbekistan.

Founded in Abu Dhabi, 40Capital develops and operates run-of-the-river hydro schemes that supply consistent, low-carbon electricity. The projects are targeted at remote and underserved communities across the CIS, with a primary concentration in Kyrgyzstan. Its current pipeline in the country supports national energy security goals and uses Kyrgyzstan’s strong hydrological resources.

Through this partnership, Global South Utilities, which forms part of Abu Dhabi’s Resources Investment, will help scale 40Capital’s run-of-the-river hydro projects portfolio. The company plans to apply experience in developing, financing, and operating energy infrastructure across emerging markets. 40Capital will keep its current management team and maintain emphasis on project development and local partnerships throughout the CIS.

Global South Utilities framed the deal as part of a wider shift in its technology mix. Ali Alshimmari, Managing Director and CEO of Global South Utilities, said, "This investment reflects GSU’s continued commitment to expanding clean, reliable energy solutions across emerging markets, while diversifying the technologies through which we deliver impact. The run-of-the-river hydro projects are a natural complement to our portfolio, particularly in regions where water resources can support stable, long-term power generation."

Ali Alshimmari noted that the Kyrgyz market fits a broader Central Asian strategy for Global South Utilities. He added, "Kyrgyzstan represents a strategic entry point into the CIS, building on our momentum in Central Asia and reinforcing GSU’s role as a platform for Global South and emerging-market energy investment." The partnership positions Abu Dhabi-based capital within regional hydropower growth in the CIS.

Quantifying the development targets, Abdulla AlNeyadi, founding partner of 40Capital, said, "40 projects, 140 GWh, 16,000 homes, 125,000 tonnes CO₂ saved - renewable energy that counts." The figures highlight the potential annual generation, households supplied, and emissions avoided by the portfolio.

The acquisition gives Global South Utilities a first position in run-of-the-river hydro as a clean energy technology within its diversified portfolio. With 40Capital continuing daily operations and Global South Utilities contributing capital and expertise, both companies are aligned on scaling renewable capacity in Kyrgyzstan and across the CIS while supporting local energy security objectives.

With inputs from WAM