KEGOC announces partial early redemption of loan received from European Bank for Reconstruction and Development

/KASE, December 15, 2017/ – KEGOC (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement: quote KEGOC early repaid a part the loan extended by the European Bank for Reconstruction and Development On 30 November 2017, to reduce the debt burden, KEGOC early repaid EUR 44.3 million of four semi-annual payments for 2019-2020 under EUR 228.41 million loan extended by the European Bank for Reconstruction and Development for the implementation of Kazakhstan Electricity Transmission Rehabilitation Project, phase 2. The Project's goal is to ensure the reliable and safe operation of the National Power Grid, increase the efficiency of the electricity market operation, improve the reliability and quality of power supply to consumers, enhance the technical and environmental safety of high-voltage equipment, reduce operational costs for equipment maintenance and repair. The balance outstanding principal for the loan under the project Kazakhstan Electricity Transmission Rehabilitation Project, phase 2 as of 1 December 2017 is EUR 43.1 million. Thus the total amount of debt to the European Bank for Reconstruction and Development and the World Bank for Reconstruction and Development as of 1 December 2017 is USD 169.23 million and EUR 43.13 million (equivalent to KZT 72.93 billion). ... More details of the Company are available on website: www.kegoc.kz. quote [2017-12-25]