| Project Detail |
Location:
Kazakhstan
Project number:
55284
Business sector:
Energy
Notice type:
State
Environmental category:
A
Approval date:
20 Nov 2024
Status:
Concept Reviewed
English-language PSD published:
12 Sep 2024
Project Description
The provision of a senior loan of up to €297 million (equivalent) to Kazakhstan Electricity Grid Operating Company JSC (KEGOC) to finance the construction of high-voltage electricity transmission lines and associated infrastructure. The Company is responsible for the transmission and dispatch of the electrical power and ensures the stability and reliability of the high voltage Unified Power System of Kazakhstan.
Project Objectives
The proceeds will be used for the construction of (i) 604 km long 500kV overhead transmission line between towns of Ulke and Karabatan in Western Kazakhstan, (ii) 500kV substation in Karabatan and expansion of (iii) 220kV switchyard at the Karabatan substation and the 500 kV switchyard at the Ulke substation. The project will connect currently isolated West Power Zone with the Unified Power System of Kazakhstan. The project aims to enhance Kazakhstans energy security and independence, improving the reliability of energy supply, strengthening climate resilience of Western Kazakhstan, and integrating utility-scale renewable energy capacities. |
