The EDB to finance construction of a gas turbine unit with a waste heat boiler at the Aktobe CHP plant for KZT 16 billion

03 June 2021

Nur-Sultan, 1 June 2021. The Eurasian Development Bank (EDB) and the Aktobe combined heat and power (CHP) plant signed a KZT 16 billion loan agreement to finance the expansion the plant’s capacity to 175 MW by construction of a gas turbine unit with a waste heat boiler.

The Aktobe CHP plant is the main supplier of heat and electricity to households and businesses in Aktobe. The project will solve the issue of depreciation of the existing plant’s units, improve the reliability and safety of electricity supply in the region, and reduce technical losses. The increased capacity of the plant will help to ensure greater outputs by the city’s companies.

In addition, increasing the capacity of the plant by 48% (57 MW) with a gas turbine will significantly improve the environmental situation in the Aktobe Region, primarily due to the improvement of the environmental performance of the Aktobe CHP plant (a 6% reduction in the specific emissions of harmful substances), while the plant’s efficiency will improve to 45-48% (as gas consumption will decrease by around 19%).

Up to 120 jobs will be created during the construction and installation period. The new equipment is expected to reduce the risk of accidents by maximising automated operations and lower sound pressure and vibration, thereby improving working conditions for the plant’s workers.

The project contributes to the economic integration of the EDB member states and to the expansion of mutual trade as equipment and reagents will be supplied from Russia and Belarus.

“The modernisation of existing power plants and the construction of new facilities will both improve the environmental performance of enterprises and promote economic development in the region. The Eurasian Development Bank’s key priorities are projects aimed at the social and economic development of its member states, improving the well-being of the population, and developing integration projects,” said Amangeldy Issenov, Vice Chairman of the EDB Management Board. 

Additional Information: 

The Eurasian Development Bank (EDB) 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. The EDB's charter capital totals US $7 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.

The Aktobe combined heat and power plant was registered as a joint-stock company on 2 June 2006 and has been in operation since 1943. The sole shareholder of the plant is Inform System, a holding company engaged in gas transportation and sales, utility billing, maintenance and sales of gas equipment, and sales of electricity and heat.

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)          

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)  

Back to the list

We use cookies to take account of your preferences and improve your experience on our website. We assume that by continuing to use our website you agree with our use of cookies. You can always configure your Internet browser to refuse to have cookies saved by our website.

Yes More