Modernisation of the Kant Cement Plant commences in the Kyrgyz Republic: the EDB extends funding of up to CNY 351.2 million for the project
Bishkek, 20 March 2024. Adylbek Kasymaliev, First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic, has officially inaugurated the modernisation of the Kant Cement Plant. The Eurasian Development Bank (EDB) has allocated up to CNY 351.2 million for the project.
The ceremony brought together heads of relevant national and regional authorities. Nurlan Akmatov, EDB Director for the Kyrgyz Republic, was also in attendance.
The EDB’s financing will facilitate the construction of a state-of-the-art dry-process clinker burning line with a daily capacity of 2,500 tonnes, which is expected to significantly enhance the plant’s environmental performance.
Established in 1964, the plant produces four types of cement, all meeting international standards. It currently employs approximately 800 individuals.
The primary consumers are Kyrgyz construction companies and facilities manufacturing concrete and related products. Cement from the Kant Plant has been utilised in the construction of the Naryn cascade of hydropower plants, dams on the Talas and Sokuluk Rivers, and airports in the Kyrgyz Republic.
The Kant Cement Plant is a part of the United Cement Group, a major cement holding in Central Asia with operations spanning Uzbekistan, the Kyrgyz Republic and Kazakhstan for over 15 years.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.
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