WB to allocate grant for Kazakhstan's energy efficiency development
By Aynur Jafarova
The World Bank (WB) will provide a grant worth $21.7 million to
Kazakhstan for energy efficiency development, Trend Agency reported
with reference to the Kazakh Prime-Minister's office.
The relevant document was signed by Kazakh Deputy Prime Minister,
Industry and New Technologies Minister Asset Issekeshev and WB's
Country Manager for Kazakhstan Shebnem Akkaya.
This agreement will reduce energy consumption and improve energy
efficiency at enterprises, schools, kindergartens, hospitals across
the country.
Akkaya noted positive achievements of the Kazakh government in
creating favorable conditions for the development of energy
efficiency in the country and expressed the WB's readiness to
support the partner in the implementation of the project by
providing the world's best practices and institutional capacity
development.
"This project will help to increase the capacity of the state in
the field of energy efficiency, and we expect this project will
bring measurable quantitative results and achievements through the
use of energy efficiency measures at the individually selected
socially important public facilities. The project will also help to
develop a system to fund future energy efficiency projects," she
noted.
Kazakhstan joined the WB in 1992. Since then, the WB has become a major development partner with total commitments of $6.8 billion for 40 projects.
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