EBRD to provide loan to upgrade Kazakhstan’s electricity distribution networks
The European Bank for Reconstruction and Development has announced to provide a loan of €106 million to the Central Asian Electric Power (CAEPCO), private power operator in Kazakhstan, the London-based lender said in a statement. CAEPCO will use the loan to modernize and upgrade its energy generators and electricity distribution networks in the cities of Pavlodar and Petropavlovsk in Kazakhstan. The operator will utilize the amount to reduce heat, prevent electricity losses, increase efficiency, and reduce pollution, the EBRD said. CAEPCO produces almost 6% of electricity production in Kazakhstan and serves about a million customers.
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