"Kazakhmys Energy" LLP

Construction of a combined cycle gas plant in Zhezkazgan

Energy

Funding status: Guarantee status: Approved, financing started in 2026

Name of the project

Construction of a combined cycle gas plant in Zhezkazgan

Borrower

Development Bank of Kazakhstan JSC

"Kazakhmys Energy" LLP

Ultimate beneficiaries

Group

Vladimir Sergeyevich Kim (70%), Eduard Viktorovich Ogai (30%)

Industry

Energy

Funding status

Approved, financing started in 2026

Date of signing the Credit Line Agreement

2026

Region

Republic of Kazakhstan, Ulytau Region, Zhezkazgan

Project financing structure

Project cost

1 billion CNY

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

788 million CNY

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

Financing currency

CNY

Rate of remuneration

5Y LPR + 2.15% p.a., floating

Loan term

Up to 10 years

Funding source

Bank's other sources (borrowed funds)