Business

EDB and Eurasian Bank Provide Long-Term Financing for Ust-Kamenogorsk CHPP Modernization 

By Dana Omirgazy on 17 February 2026

ASTANA — The Eurasian Development Bank (EDB), acting as the lead financial institution, and Eurasian Bank have provided $180 million in long-term debt financing to modernize and expand the Ust-Kamenogorsk Combined Heat and Power Plant (CHPP), part of the Kazakhstan Utility Systems Group. The EDB also provided grant financing...