EBRD contributing to modernisation of Kazakhstan national grid
Kazakhstan, Sept. 7 -- The European Bank for Reconstruction and Development (EBRD) is contributing to Kazakhstan's grid modernisation plans by supporting a long-term investment programme of Alatau Zharyk Company (AZhC), a regional electricity distribution company supplying power to approximately four million people and around 50,000 commercial consumers in Almaty city and the region.The EBRD's long-term loan of up to KZT 102 billion (€194 million equivalent) will help AZhC - a fully owned subsidiary of Kazakhstan's largest diversified energy holding company, Samruk Energy - to procure automated metering and telemechanic equipment, as well as to upgrade its low- and medium-voltage electricity transmission and distribution infrastructur...
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