ASTANA — In 2025, the Eurasian Development Bank (EDB) plans to ramp up financing for key strategic projects in Kazakhstan, with a strong focus on energy, transport, and industry, said Nikolai Podguzov, Chairman of the EDB Management Board, during a meeting with Prime Minister of Kazakhstan Olzhas Bektenov on Feb. 26.
EDB’s major projects for 2025 include the development of Altyn Dala, a 545 MW solar power station.
Photo credit: the Prime Minister’s press service
Among the major projects planned for the year are the expansion and modernization of thermal power plants in central and eastern Kazakhstan, the construction of a polyethylene plant, and the development of Altyn Dala, a 545 MW solar power station.
According to the Prime Minister’s press service, EDB will prioritize integrating digital technologies and innovative solutions while supporting socially significant initiatives.
“The EDB is a key partner for Kazakhstan. Last year, investment in our economy grew by almost 40%, and the bank’s credit portfolio for Kazakhstan now accounts for 63.4% of its total volume. We are committed to expanding our partnership and unlocking opportunities in traditional and emerging sectors,” Bektenov stated.
In 2024, the EDB allocated nearly $1.4 billion to projects in Kazakhstan, bringing its total investment to $3.6 billion over the past three years. The bank’s portfolio in Kazakhstan remains one of its largest, reflecting the country’s strategic importance.
