The proposed project will finance the construction of 270 km YukGres-Shu first section of the new North-South 500kV electricity transmission line to address energy and peak supply deficits in South Kazakhstan, improve electricity transmission reliability, reduce transmission losses and contribute to development of regional electricity trade in Central Asia. The project's funding will be used for civil works, steel towers, overhead transmission line conductors and other equipments.
The project will promote competition and trade both on national and regional levels in allowing a low cost producer in North Kazakhstan to supply South Kazakhstan and the Central Asia integrated system and to meet winter electricity supply shortages in Uzbekistan. The project will contribute to the integration of the regional economy. In addition, The project will seek to achieve improvements in the existing transmission tariff methodology to reflect best international practice.
Kazakhstan Electricity Grid Operating Company (KEGOC), the State-owned natural monopoly high-voltage long distance electricity transmission and dispatch company.
A non-sovereign senior loan of US$ 60 million to be partially syndicated to commercial banks.
Approx. US$ 89.5 million
The project was screened B/1 requiring environmental analysis and environmental audit. This public sector project involves construction of a new power transmission line within an existing corridor. Environmental impacts associated with this type of project include, inter alia, air emissions, physical alteration and the impact on sensitive natural habitats, archaeological sites, and agricultural and commercial areas, disposal of construction waste as well as safety during construction. These construction related issues can be dealt with by applying suitable working practises, thus keeping any negative impact to a minimum.
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