Translated version of this PSD: Russian
The EBRD is considering to finance:
- Rehabilitation of the Ossakarovka electricity transmission line to contribute to the overall system reliability and support development of the Akmola region, enabling electricity supply from Central Kazakhstan to the Astana city and Akmola oblast (region).
- Refinancing of KEGOC debt including two loans from EBRD to optimize KEGOC’s cashflows and balance sheet and prepare the Company for a new role as a Single Buyer (capacity market operator) in the context of the Kazakh power sector reform.
It is expected that the transition impact of the project will come from the improvement of energy efficiency in the power system associated with transmission line rehabilitation and the introduction of a capacity payment system based on KEGOC fulfilling the role of a single buyer of capacity. This project will enable KEGOC to support its vital capital expenditures programme aimed at modernising and expending high-voltage transmission network up to high international standards. This will help to support economic growth of the Kazakh economy and ensure efficient use of resources.
The capacity market reform process is at an important stage in Kazakhstan. The reforms must move in a positive, pro-competition, and non-discriminatory direction.
JSC KEGOC (“KEGOC”) the national power transmission and system operator of the Republic of Kazakhstan is a fully state-owned monopoly responsible for power transmission and dispatch.
The EBRD is considering providing a loan of up to US$ 166 million (EUR 124 million) loan to JSC KEGOC. Up to US$ 83 million is expected to be co-financed by syndicate banks.
Up to US$ 166 million.
Categorised B. Potential impacts will be site-specific and readily identified and mitigated. No new construction, so limited environmental impacts anticipated. Corporate due diligence will update previous assessment in 2008, which found generally satisfactory corporate procedures and performance. Due diligence of new project will focus on labour and working conditions and stakeholder engagement to assess the Company's performance and management systems against the full scope of the Bank's 2008 Environmental and Social Policy and Performance Requirements. A new consolidated Environmental and Social Action Plan will cover all projects and may require upgrades to corporate systems.
TC (SSF) with the Ministry of Industry and New Technologies (the MINT) - “Kazakhstan: Roadmap for Developing a Competitive Kazakh Generation Market”, Component III.
Mr. Sergey Irmanovich Katyshev, Head of PIU Department, Advisor to the President at KEGOC
Tel. in Kazakhstan + 7 7172 970-108/109.
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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