BTA Bank (Kazakhstan) participates in Issyk hydropower plant-2 funding

/KASE, November 4, 08/ - BTA Bank (Almaty), securities of which are traded ion Kazakhstan Stock Exchange (KASE) official list, provided to KASE the press release where informs that on November 3, on the territory of Ile-Alatau national park on Issyk river in Almaty Region, was opened the small Issyk hydropower plant-2 with the capacity of 5.1MW, constructed by the company EnergoAlem jointly with BTA Bank. The project cost makes up USD4.3 m., including the company-constructor own funds - USD2.2 m. (53%), the loan of BTA - USD2.1 m. (47%). This project was created within the construction in Almaty Region of small hydropower plants with the capacity from 2 to 20 MW, in compliance with the Resolution of the Government of the Republic of Kazakhstan # 161 of February 22, 2005 "On Additional Measures for Hydropower Development in Kazakhstan". At present, the Almaty energy system has deficiencies and annually imports about 25 % (1,300 m. kilowatt-hours) from the total electricity need. For Media contacts: Adil Dossymov, BTA Bank Press Secretary 8 (727) 266 47 97, e-mail: dosymov@bta.kz [2008-11-04]