The EDB provides long-term financing for Karaganda Energotsentr to construct a power unit at CHPP-3 in Karaganda

24 December 2024

Almaty, 24 December 2024. The Eurasian Development Bank (EDB), represented by Ruslan Dalenov, Vice Chairman of the Management Board, and Karaganda Energotsentr, a 100% subsidiary of Kazakhstan Utility Systems, represented by Flyur Garipov, General Director, signed a 13-year, US $240 million long-term loan agreement to finance the modernisation and expansion of Karaganda Combined Heat and Power Plant 3 (CHPP-3).

Karaganda Energotsentr is the primary electricity producer in the Karaganda Region and the sole provider of district heating for the city of Karaganda.

The project will increase the generation capacity of Karaganda CHPP-3 by 140 MW of electricity and 180 Gcal/hour of heat, ensuring reliable energy supplies to Kazakhstan’s grids and heat distribution to new residential microdistricts in Karaganda.

This initiative addresses generation capacity shortages in the Karaganda energy hub, meets the growing demand for electricity and enhances the efficiency and reliability of CHPP-3. In addition, the upgraded facility will supply heat to over 400 additional homes and social institutions, improve overall heat distribution and uphold high safety standards.

The new power unit will feature state-of-the-art energy and environmental systems, fully compliant with the requirements of Kazakhstan’s Environmental Code for new equipment. Advanced dust filtration systems and reductions in nitrogen, sulphur and carbon oxide emissions are expected to significantly lower the plant’s environmental impact.

“This project is an important step in modernising the region’s energy infrastructure, and the expanded Karaganda CHPP-3 will become the largest combined heat and power plant in the country. We are pleased that our cooperation will enable the implementation of cutting-edge technology, improve power supplies and contribute to the development of the Karaganda Region,” said Ruslan Dalenov, Vice Chairman of the EDB Management Board.

The project underscores the EDB’s commitment to sustainable development and its efforts to modernise infrastructure and improve living standards in its member countries. The Bank remains dedicated to supporting projects that advance key sectors, implement innovations and enhance environmental safety.

“The expansion of CHPP-3 is not just an investment in the energy sector – it is a contribution to the future of the region and the well-being of its residents. By installing the new power unit, we are strengthening energy supplies in the Karaganda Region while working to improve environmental standards at generation facilities. The project will also create additional jobs,” said Sabyrgali Idrisov, General Director of Kazakhstan Utility Systems. 

Additional Information: 

The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. 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. 

Karaganda Energotsentr, as the sole centralised heat provider and largest electricity supplier in Karaganda, is part of the Kazakhstan Utility Systems Group of Companies. The company is committed to fully meeting the city’s growing energy demand for both residents and businesses. 

The Kazakhstan Utility Systems Group of Companies is a vertically integrated holding company established in 2008. It specialises in the generation, transmission and sale of electricity and heat. The company operates in four regions: Karaganda, Turkistan, East Kazakhstan, and Mangistau. 

The EDB Media Centre:

+7 (727) 244 40 44, ext. 6147

pressa@eabr.org

www.eabr.org

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