EDB completes another power project in Kazakhstan
New high-voltage transmission lines have been commissioned in Aktobe Region.
Almaty, 4 July 2013. Two 220 kV single-circuit transmission lines of 37 km each from the Ulke substation to the substation of the Aktobe ferroalloy plant were commissioned today. The construction of these lines was financed by Eurasian Development Bank (EDB).
In 2012 EDB provided an additional loan facility of KZT 3 billion to Batys Transit to develop the existing interregional transmission line connecting North Kazakhstan and Aktobe Region, the construction of which was also partly financed by the Bank. The new high-voltage transmission lines and their connection to the 500 kV North Kazakhstan—Aktobe Region transmission line were needed to ensure power supplies for the new melting shop at the Aktobe ferroalloy plant.
The 500 kV interregional transmission line, which was built in 2008, was Kazakhstan’s first public-private partnership (PPP) project in the power sector. The 500 km line crosses Kostanai and Aktobe Regions. It was aimed to solve the important tasks of connecting the northern and western parts of Kazakhstan’s power system and develop a single domestic market in electricity. In addition, it helped improve the reliability of power supplies to Western Kazakhstan’s industrial districts. The new 200 kV lines are expected to help decrease the cost of electric power for end consumers because of the increase in the volumes of transmitted power.
Additional Information
Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
Read more about EDB at https://www.eabr.org