/KASE, December 4, 2024/ – Development Bank of Kazakhstan JSC (KASE ticker – BRKZ) has announced the following:

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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 ofthe energy system of Western Kazakhstan with UES of Kazakhstan. Construction ofelectricity supply network facilities", which will ensure the energy security ofthe 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.

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The complete press release is available on – see more

[2024-12-04]