ASTANA, Kazakhstan, April 16. Kazakhstan’s
Samruk-Kazyna (Sovereign Wealth Fund) and the European Financial institution for
Reconstruction and Improvement (EBRD) have mentioned cooperation on
initiatives within the power area, Pattern studies.
In keeping with Samruk-Kazyna, discussions occurred between the
head of the fund Nurlan Zhakupov and the Managing Director,
Sustainable Infrastructure Group on the EBRD Nandita Parshad and
the director of the EBRD in Kazakhstan Huseyin Ozhan.
The events, specifically, reviewed cooperation throughout the
framework of the venture “Integration of the power system of
Western Kazakhstan with the Unified Electrical Energy System of the
Republic of Kazakhstan.”
Zhakupov famous that the fund and the fund’s portfolio corporations
have been cooperating with the EBRD for a very long time and have
declared their readiness for additional cooperation.
In the meantime, the EBRD’s present venture portfolio in Kazakhstan
reaches 2.77 billion euros as of January 31, 2024, based mostly on the
implementation of 117 energetic portfolio initiatives.
Investments in sustainable infrastructure initiatives have
elevated to 71 p.c of the entire portfolio. On the similar time,
the quantity of funding climbed from 1.91 billion to 1.95 billion
euros. The EBRD’s portfolio continues to comprise 24 p.c
industrial, commerce, and agricultural initiatives. Nonetheless, quantity
climbed from 643 to 654 million euros. The monetary sector
portfolio remained secure when it comes to share. Investments in
monetary establishments account for six p.c of the portfolio (from
149 million to 164 million euros).
In the meantime, the financial institution has spent virtually ten billion euros in 317
initiatives in Kazakhstan. Kazakhstan is the EBRD’s largest and most
established Central Asian banking firm.