|Title:||Kyzylorda Electricity Distribution Project-Corporate Development Programme|
|Dates:||May, 2016 - May, 2019|
The European Bank for Reconstruction and Development has developed a project together with the Joint Stock Company Kyzylorda Regional Electricity Company and the Akimat of Kyzylorda Oblast to modernise electricity distribution networks in the City and Oblast of Kyzylorda. The Company has been suffering from poor operating and financial performance in the past decade, resulting in substantial underinvestment and the deterioration of quality of supply. Meanwhile, the regional electricity demand has been growing steadily at 3-4 per cent annually, contributing to a gradual decline in quality of supply and increasing electricity losses. The Project will enable the Company to address the above outlined issues and improve its electricity distribution services by financing priority investments for the rehabilitation and modernisation of the metering system and strengthening of the network.