/KASE, December 4, 2024/ – Development Bank of Kazakhstan JSC (KASE
ticker – BRKZ) has announced the following:
quote
December 3, 2024
An agreement on opening a loan facility between the Development Bank of
Kazakhstan JSC (hereinafter - the Bank, DBK) and KEGOC, as well as a loan
facility agreement between the European Bank for Reconstruction and
Development (hereinafter - EBRD) and KEGOC were signed today in Astana as
part of the implementation of the project "Unification of the energy system of
Western Kazakhstan with the UES of Kazakhstan".
The documents were signed by Marat Yelibayev, Chairman of the DBK
Management Board, Aida Sitdikova, Director of the EBRD's Eurasia, Middle East
and Africa Energy Department, and Nabi Aitzhanov, Chairman of the KEGOC
Management Board.
The financing will be used to implement the important project "Unification of
the energy system of Western Kazakhstan with UES of Kazakhstan. Construction of
electricity supply network facilities", which will ensure the energy security of
the western regions of the country, as well as allow the use of maneuverable
generation of the Western zone to compensate for the imbalance of electricity
and capacity of the Northern and Southern zones of the energy system. The
transfer capacity of the Western Zone will be increased to 500 MW.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_031224_1.pdf
[2024-12-04]