Development Bank of Kazakhstan announced financing construction of the Zhylga solar power plant in the South Kazakhstan Region

30.05.18 15:33
/KASE, May 30, 2018/ – Development Bank of Kazakhstan (Astana, hereinafter in quotes – the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided the KASE with press release, which states as follows: quote Development Bank of Kazakhstan JSC (a subsidiary of National Managing Holding Baiterek JSC, hereinafter referred to as DBK, the Bank) has opened financing for the construction of a 20 MW solar power plant in the Saryagash district of the South Kazakhstan region (hereinafter referred to as the Project). The cost of the Project is KZT13.2 bn., DBK lends KZT9,05 bn. for a period of 8 years to EcoProTech-Astana LLP (EcoProTech-Astana). The participation of the borrower in the financing of the Project will amount to KZT4.2 bn. unquote Detailed information is available on KASE website (in Russian) – http://kase.kz/files/emitters/BRKZ/brkz_reliz_300518_1.pdf [2018-05-30]