Participation in a bond issue by Kazakhstan Electricity Grid Operating Company JSC

KEGOC JSC is Kazakhstan's national electricity transmission company and power system operator. It transmits electricity, provides technical dispatching and organises the balancing of electricity generation and consumption.

The project envisages the Bank purchasing KEGOC bonds to finance its investment programme and general corporate purposes. The programme plans the reconstruction of 220–500 kV transmission lines operated by KEGOC branches (phase 1) and reinforcement of the western zone of Kazakhstan's unified power system through construction of grid facilities. The projects are intended to restore transmission line performance, improve electricity transmission for at least 30 years and increase supply reliability in the western zone.