11.12.2008, 15:09 2692

EBRD starts Kazakhstan Fund of Steady Power Engineering

The European Bank of Reconstruction and Development (EBRD) starts in Kazakhstan the new innovation credit line for financing of the projects in the field of increase of energy efficiency and development of the alternative energy sources - Kazakhstan Fund of Steady Power Engineering (KAZSEFF). The representative of the London office of European Bank of Reconstruction and Development, Ian Smith, informed today at the press conference, the agency reports.

Almaty. December 11. Kazakhstan Today - The European Bank of Reconstruction and Development (EBRD) starts in Kazakhstan the new innovation credit line for financing of the projects in the field of increase of energy efficiency and development of the alternative energy sources - Kazakhstan Fund of Steady Power Engineering (KAZSEFF). The representative of the London office of European Bank of Reconstruction and Development, Ian Smith, informed today at the press conference, the agency reports.

KAZSEFF is a part of a complex plan of actions on development of steady energy in Kazakhstan signed by the European Bank of Reconstruction and Development, the Ministry of Economics and Budgetary Planning of Kazakhstan, the Ministry of Energy and Mineral Resources, the Ministry of Environmental Protection of Kazakhstan and the Agency for Regulation of Natural Monopolies of Kazakhstan.

"The plan of measures on development of steady power is the basis of the reform of power policy of the government of Kazakhstan, provides realization of priority investments within the reform and maintenance of energy needs of the country," KAZSEFF press release states.

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