Subsidiary Bank Sberbank of Russia supports environmental project “Sustainable Cities for Low-Carbon Development” implemented in Kyzylorda
15.10.19 11:49
/KASE, October 15, 2019/ – Subsidiary Bank Sberbank of Russia (Almaty), whose
bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided
the KASE with the following press release dated October 15, 2019:
quote
Sberbank Kazakhstan and Damu Fund have supported an environmental project aimed
at developing and implementing low-carbon programs in the infrastructure of the
city of Kyzylorda in order to significantly reduce greenhouse gas emissions under
Sustainable Cities for Low-Carbon Development UNDP-GEF program. This important
project is to be implemented by SMP Kyzylorda LLP. The company entered into an
agreement on the project “Modernization and Maintenance of Boiler Houses” in the
framework of which the company took responsibility for the modernization of
heating systems of seven secondary schools, as well as House of Schoolchildren
and Arman House of Culture in Shieli district of Kyzylorda region.
“Having come a long way, our company has gradually turned into a stable and
successful enterprise with a rich history of formation and development in
construction industry. At the end of last year, we entered into the Public-Private
Partnership Agreement on the project “Modernization and Maintenance of Boiler
Houses in Public Institutions of the City of Kyzylorda”. We have decided to get
additional financing for the successful implementation of this environmental
project”, - Temirkhan Alimkulov, Director of SMP Kyzylorda LLP, said.
Employees of Kyzylorda Branch of Damu Fund offered the company the opportunity to
receive subsidies under the joint project “Sustainable Cities for Low-Carbon
Development” of UNDP-GEF, the Government of the Republic of Kazakhstan and Damu
Fund. In order to implement the project, the company applied to Sberbank
Kazakhstan where the presented business idea received the necessary financial
support in the amount of 130 million tenge.
Thanks to concessional lending, the company brought boiler plants of social
infrastructure facilities in line with environmental safety requirements and
improved the technical and operational status of equipment by transfer it to
the use of environmentally straight natural gas.
“Sustainable Cities for Low Carbon Development program allows us to proceed to
a completely different model of urban development. The phased implementation of
the program will significantly reduce the pollution of the atmosphere of our city
with carbon dioxide and other greenhouse gases. And we are glad that we have made
our feasible contribution to improving the environmental situation of Kyzylorda
region”, - Kayrat Dzhusarub, Director of Kyzylorda Branch of SB Sberbank JSC,
said.
unquote
[2019-10-15]