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Asian Development Bank, Samruk-Energy Sign Deal to Promote Efficient Heat and Power Generation in Almaty, Kazakhstan
June 21, 2023
ALMATY, Kazakhstan, June 21 -- The Asian Development Bank issued the following news release:

The Asian Development Bank (ADB) and Joint Stock Company Almaty Electric Stations (ALES), wholly owned by Samruk-Energy JSC (Samruk-Energy), have signed a 98 billion Kazakhstan tenge local currency loan (around $214 million) to replace an inefficient coal-fired combined heat and power plant (CHP) in Almaty with state-of-the-art combined cycle gas turbine (CCGT) units, significantly cutting t . . .

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