Name of the project

Construction of the cascade of Merke HPP-5, HPP-6, HPP-7 on the Merke River in Zhambyl region

Borrower

Development Bank of Kazakhstan JSC

"Taraz GreenPower Genco" LLP

Ultimate beneficiaries

Group

Evgeniy Lvovich Boguslavsky (also the head) – 33.3%, Yuri Gennadyevich Kim – 33.3%, Chingiz Temerkhanovich Dosmukhambetov – 33.3%

Industry

Energy

Funding status

The project has been approved, and financing will begin in 2026.

Date of signing the Credit Line Agreement

2026

Region

Republic of Kazakhstan, Zhambyl Region, Merke District

Project financing structure

Project cost

15.1 billion KZT

Participation of Development Bank of Kazakhstan JSC, in the context of financing currencies

10.6 billion KZT

Terms of the financing instrument provided by Development Bank of Kazakhstan JSC

Financing currency

KZT

Rate of remuneration

12.6% p.a., fixed*

Loan term

Up to 12 years

Funding source

The Bank’s own funds and/or other sources