The following project was approved yesterday by the World Bank's Board:
LOAN AMOUNT: IBRD - US$140 million Terms: Maturity = 20 years; Grace Period = 5 years PROJECT DESCRIPTION: This project will assist the government and the Kazakhstan Electricity Grid Operating Company (KEGOC) in improving the quality of electricity supply, develop a competitive electricity market, and restructure KEGOC into an efficient grid company. The total cost of the project is US$258.4 million. Other contributors include the European Bank for Reconstruction and Development (US$56 million) and KEGOC (US$62.4 million). For more information, please call Gina Ciagne at (202) 458.4166, fax at 522.3362, or e-mail [email protected].
