JSC Almaty Electric Stations

Reconstruction with Complete Replacement of the CHP-2–ZTK Heating Main

Energy

Funding status: Guarantee status: Approved

Project Name

Reconstruction with Complete Replacement of the CHP-2–ZTK Heating Main

Project Description

Reconstruction with Complete Replacement of the CHP-2–ZTK Heating Main

Borrower

Development Bank of Kazakhstan JSC

JSC Almaty Electric Stations

Ultimate Beneficiaries

State Institution "Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan"

Manufactured products

Generation of heat and electricity in Almaty and the Almaty Region

Industry

Modernization of the Energy and Utilities Sectors

Financing Status

Approved

Year of Signing the Credit Line Agreement

-

Region

Almaty

Project Financing Structure

Project Cost

KZT 61 104 698 723,29

Participation of Development Bank of Kazakhstan JSC (by financing currency)

KZT 26 364 124 000

Borrower's Contribution

KZT 8 376 460 723,29

Participation of Other Lenders

KZT 26 364 114 000

Financing Terms of Development Bank of Kazakhstan JSC

Financing Currency

Kazakhstani Tenge (KZT)

Type of Financing Instrument

Non-Revolving Credit Facility

Interest Rate

Cost of Borrowing + 0.81% per annum (fixed)

Loan Tenor

120 months

Sources of Financing

Bank's Own Funds and/or Other Funds

Contact Information

Website:

https://www.ales.kz/

Address:

7 Dostyk Avenue, Almaty, Republic of Kazakhstan

Telephone:

(+7727) 254-03-31 / 250-79-74