Kazakhstan Chamber of Commerce in the USA


EBRD to finance gas projects in Kazakhstan 0

Posted on June 06, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

The European Bank for Reconstruction and Development (EBRD) will provide up to €294 million for two ground-breaking projects to increase the use of domestically produced natural gas and largely replace the use of coal in Kazakhstan.

The relevant agreement was signed by EBRD President Suma Chakrabarti and Chairman of the Board of the Kazakh KazTransGas gas transportation company, Kairat Sharipbayev.

The first project is the upcoming modernisation and refurbishment of the underground storage in Bozoi, in the bank’s first ever cooperation with KazTransGas.

The second project involves the expansion and modernisation of the natural gas distribution network in several regions of Kazakhstan. The upgrade will allow the company to connect new households and industrial customers to gas supplies, replacing the current carbon-intensive energy sources.


EBRD to allocate $103 million to rebuild Kazakh highway 0

Posted on March 10, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

The European Bank for Reconstruction and Development (EBRD) will allocate $103 million to modernising the Centre-South Road Corridor, which stretches between Kazakhstan’s major cities Astana and Almaty.

The Bank allocated the loan to KazAvtoZhol, a national road operator, under the sovereign guarantee for the reconstruction and widening of an 80-kilometre section between the villages of Kurty and Buribaytal in the Almaty region.

EBRD, TCO to Launch Small Business Support Program in Kazakhstan 0

Posted on November 08, 2015 by KazCham

Astana Times

A new, two-year support program for small- and medium-sized enterprises (SMEs) in Kazakhstan has been launched by the European Bank for Reconstruction and Development (EBRD) and Tengizchevroil (TCO), Kazakhstan’s top oil producer, the EBRD announced Oct. 6.

The roughly $515,000 program, which will run from 2015–2017, will cover SMEs across Kazakhstan and promote entrepreneurship and help promising SMEs innovate, compete and reach new markets, according to the EBRD. It will include existing and potential suppliers to TCO, which operates the country’s giant Tengiz oilfield, as well as SMEs with no links to the company, according to the EBRD.

The program aims to increase SME access to know-how and finance, strengthen links between businesses and to improve the market for advice and the exchange of best practices through business clinics and seminars on strategy, marketing, human resource management, finance and bookkeeping and other topics. Eligible SMEs will also have a chance to work with local consultants and international industry experts on a cost-sharing basis, with the possibility of having up to 75 percent of their costs covered, the EBRD announced.

EBRD to invest $70 million in Kyzylorda infrastructure projects 0

Posted on December 30, 2014 by KazCham

A delegation from the Kyzylorda region of Kazakhstan, headed by the akim K.Kusherbaev, visited London recently to sign agreements with the European Bank for Reconstruction and Development (EBRD) for 4 infrastructure projects worth over $ 70 million.

These projects including the modernization of water supply and sanitation, heating, electricity distribution and street lighting in the city of Kyzylorda.

Currently, the EBRD has an $18 million joint public transport project in Kyzylorda to supply 120 modern clean fuel, accessible public buses. EBRD will also give $15 million for a solid waste management project in the city. Overall, the bank runs over 8 projects in the city alone.

EBRD has invested over $6.5 billion into Kazakhstan’s economy over the past 20 years, funding over 170 projects in transport, housing, private enterprise, small and medium-sized businesses.

In 2013, EBRD made over $450 million of investments in Kazakhstan, over half of which were dedicated to green projects. In 2014, EBRD invested $750 million in the country.

EBRD to Support Kazakhstan’s National Green Growth Plan 0

Posted on November 19, 2013 by KazCham

Azer News, 12 November 2013

The European Bank for Reconstruction and Development (EBRD) announced on November 12 its support for Kazakhstan’s National Green Growth Plan. The project will be implemented from 2013-220 and is a part of the energy-rich country’s plan to shift to alternative energy sources. Expected results include a reduction 470,000 tons carbon dioxide per year.

During meetings with the Kazakh government and the business community in what was his first visit to the country, First Vice President of EBRD, Phil Bennett indicated that EBRD is committed to sustainable development in Kazakhstan. “We look forward to working together with the authorities to identify and finance bankable projects in this sector,” he said. “We hope to work with other municipalities across the country to improve public transport, waste management, district heating networks, and water supply.”

The EBRD is not new to sustainable energy in Kazakhstan, as it supported the country’s participation in the Clean Technology Fund (CTF) and developed the legal framework for renewable energy in Kazakhstan. Since 2008, the bank has invested over $500 million for improvements to Kazakhstan’s energy efficiency. EBRD’s involvement is set to continue with the National Green Growth Plan.

The natural conditions in Kazakhstan make wind power generation the most promising source of alternative energy. Experts believe wind power has great potential in the country.

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