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EDB Invests $240 Million to Expand Power Plant in Karagandy

By District Energy posted 01-02-2025 11:38

  

The Astana Times

Summary

The Eurasian Development Bank (EDB) and Karagandy Energotsentr signed a $240 million, 13-year loan agreement on Dec. 24 to finance the modernization and expansion of the Karagandy Combined Heat and Power Plant 3 (CHPP-3), according to the EDB’s press service.

Karagandy Energotsentr is the leading electricity producer in the Karagandy Region and the city’s exclusive district heating provider.

The project aims to enhance the plant’s generation capacity by 140 megawatts (MW) of electricity and 180 gigacalories (Gcal) per hour of heat. This expansion is expected to ensure a reliable power supply to Kazakhstan’s national energy grid and provide heat to new residential districts in the city.

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