/KASE, October 13, 2022/ – KEGOC, whose securities are officially listed on
Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release:
quote
To reduce the FX exposure, debt burden and loan servicing costs in foreign
currencies, in September this year KEGOC early fully repaid USD 46.3 million of
the loan from the International Bank for Reconstruction and Development. The
loan in the amount of USD 71.4 million was raised in 2010 to fund Alma
Electricity Transmission Project for 25 years with the last maturity date in
2035.
KEGOC completed the project at the end of 2012. The commissioning of the new
500 kV Alma substation provided a second connection point of Almaty oblast to
the unified power system of Kazakhstan, which significantly increased the
reliability of power supply to consumers. Previously, the Almaty power hub was
supplied from external sources through one 500 kV substation, 500 kV Almaty
SS, which operated at its maximum capacity.
unquote
The complete press release is available on
https://kase.kz/files/emitters/KEGC/kegc_relizs_121022.pdf
[2022-10-13]