Project Notice

PNR 27341
Organization KAZAKHSTAN UTILITY SYSTEMS
Work Detail Project Description The provision of a senior loan of up to KZT 5 billion (equivalent to €12 million) to support the distribution network upgrade of LLP Karagandy Zharyk (KZh) - a subsidiary of the Banks existing client Kazakhstan Utility Systems (KUS), a private power utility based in Kazakhstan. Project Objectives The project will support modernisation and energy efficiency improvements of distribution networks in the Karaganda region of the country. The proceeds of the loan will be used to cover the planned investment programme of KZh aimed at improvements in energy efficiency, reliability, integration of renewable projects and reduction of losses.
Funded By EBRD
Country Kazakhstan , Central Asia
Project Value 83 Million

Work Detail

Project Description The provision of a senior loan of up to KZT 5 billion (equivalent to €12 million) to support the distribution network upgrade of LLP Karagandy Zharyk (KZh) - a subsidiary of the Banks existing client Kazakhstan Utility Systems (KUS), a private power utility based in Kazakhstan. Project Objectives The project will support modernisation and energy efficiency improvements of distribution networks in the Karaganda region of the country. The proceeds of the loan will be used to cover the planned investment programme of KZh aimed at improvements in energy efficiency, reliability, integration of renewable projects and reduction of losses.

Contact Information

Project Name KAZREF - KZh Distribution Network Upgrade
Address Sultan Akhanov sultan.akhanov@kus.kz Page 3 +77273377707 www.kus.kz 7F, 14/3, Kunayev Street, BC Nursaya, Astana, Kazakhstan 010000

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