WB approved $140 mln loan to Kazakhstan for development of electric networks - WB

/IRBIS, Dec.21, 99/ - REUTERS informs, with the reference to the press- release of the World bank (WB), that today WB approved $140 mln loan to Kazakhstan for modification of its electricity supply networks. "Today World bank approved $140 mln loan to Kazakhstan for financing electricity distribution system restoration project", is said in the press- release. The project includes such parts as re-equipment of substations, modernization of dispatching control, institutional development and technical support. The loan was granted for 20 years with 5 year promotional period. Kazakhstan has received about $1.66 bln for 21 projects since it joined World bank in 1992.