/KASE, April 7, 2025/ – Development Bank of Kazakhstan JSC (KASE ticker –
BRKZ) has announced the following:
quote
Development Bank of Kazakhstan JSC (hereinafter – the Bank, DBK) has
entered into an agreement on opening a credit line with Sarkylmas Kuat LLP for
the implementation of an investment project for the construction of a 50 MW wind
power plant in the Qaraqiya district of the Mangystau region.
The project is financed with insurance coverage from China Export & Credit
Insurance Corporation (Sinosure). For DBK, this is the first project with
coverage from this international export company.
The construction of the wind power plant is aimed at reducing the electricity
deficit in the Mangystau region by increasing the generation of "clean" energy.
The project will help reduce dependence on traditional sources of electricity
and imports.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_040425_1.pdf
[2025-04-07]