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Home » Finance » ADB and KEGOC Sign $123 Million Agreement to Upgrade Kazakhstan’s Power Grid
Finance

ADB and KEGOC Sign $123 Million Agreement to Upgrade Kazakhstan’s Power Grid

By James RichardJuly 23, 20242 Mins Read
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The Asian Development Bank (ADB) and the Kazakhstan Electricity Grid Operating Company (KEGOC) have signed a financing agreement worth 58.2 billion tenge (approximately $123 million) to enhance the high-voltage transmission network in southern Kazakhstan. This initiative aims to integrate large-scale renewable energy into the grid, reinforce power transmission stability, and bolster Kazakhstan’s energy security. The

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Asia Asian Development Bank Funding Grid Infrastructure Kazakhstan
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Previous ArticleEBRD Grants €28 Million Loan for Montenegro’s Brezna Substation Upgrade
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