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GrCF2 W2 Almaty CHP Modernisation

Sector: Commercial • Location: Kazakhstan

Source: European Bank for Reconstruction and Development (EBRD)

Project
Repaying

A provision of senior loan of up to EUR 252 million in KZT equivalent to JSC “Almaty Power Plants” (the “Company” or “APP”) for comprehensive modernisation of the existing Combined Heat and Power Plant 2 (“CHP-2”), with full replacement of coal by natural gas as a primary fuel in order to reduce CO2 emissions and improve air quality in the Almaty city (the “Project”).  The Almaty CHP-2 is the bigg

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The project “GrCF2 W2 Almaty CHP Modernisation” is an infrastructure initiative in the Commercial sector, located in Kazakhstan. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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repaying

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Description

Description

A provision of senior loan of up to EUR 252 million in KZT equivalent to JSC “Almaty Power Plants” (the “Company” or “APP”) for comprehensive modernisation of the existing Combined Heat and Power Plant 2 (“CHP-2”), with full replacement of coal by natural gas as a primary fuel in order to reduce CO2 emissions and improve air quality in the Almaty city (the “Project”).  The Almaty CHP-2 is the biggest source of heating in the largest city of Kazakhstan. The Project is a part of the Green Cities Program of EBRD in Almaty. The primary aim of the Project is to reduce CO2 emissions in the city by c. 3 million tons (down c. 56%) and fully avoid air emissions of particulate matter and NOx. The latter is particularly important given Almaty’s statistics on pollution-related diseases - according to studies conducted by Kazakh National Medical University named after Asfendiyarov, 24% of adults and 57% of children in Almaty suffer from chronic pulmonary diseases (2013-2017 statistics), significantly above country averages and 2-3 times higher than in comparable urban areas of CIS. The Project will be implemented under the EPC Contract, with contractor to be selected following EBRD PP&R for public sector operations.  The compliance of proposed technical design with Best Available Technologies (BAT) is an explicit condition in tender documentation. Download package in zip format http://www.ales.kz/en/investitsionnye-proekty-2022/2127-otchjot-po-rezultatam-ekologicheskoj-i-sotsialnoj-ekspertizy-proekta-modernizatsii-almatinskoj-tets-2-imeni-a-zhakutova-inzhenerom-ebrr-kompaniej-erm Almaty Power Plants JSC: Dauren Sagidulla ds@ales.kz +7 (727) 254 04 88 Almaty Regional Office: 41 Kazybek Bi street Park Palace Business Centre    3-rd Entrance, 3-rd Floor            050010, Almaty Tel: +7 (727) 332 00 00 Fax: +7 (727) 258 14 22 Environmental and social enquiries Almaty Power Plants JSC Dostyk avenue 7, Almaty, 050002, Kazakhstan +7 (727) 254 03 31 General enquiries Samruk-Energy JSC Kabanbay Batyr avenue 15A, Block B, Business Center “Q” Nur-Sultan, 010000, Kazakhstan

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High

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100%

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