News Column

Kazakhstan : KAZAKHSTAN secured $21.7m in grant from WORLD BANK to develop its energy efficiency project

June 21, 2014

The World Bank has decided to offer a grant worth $21.7 million to Kazakhstan to help the country to develop its energy efficiency project, according to a statement posted on Wednesday in the website of the Kazakh Premier.

The Kazakh Deputy Premier - Minister of Industry and New Technologies Asset Issekeshev recently has signed the related pact with Sebnem Akkaya, the Country Manager (Kazakhstan) of the World Bank.

The agreement to boost the energy efficiency of the country will facilitate trimming down of use of energy and enhance energy efficiency at enterprises, schools, kindergartens, hospitals throughout Kazakhstan.

Sebnem Akkaya has revealed on the encouraging accomplishments of the Government of Kazakhstan to set up constructive environment for developing energy efficiency in the country and reiterated the global donor's willingness to help the country to execute the project through delivery of the global best practices and institutional capacity development.

The World Bank representative stated, "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.

The project intended at boosting the energy efficiency of Kazakhstan will be managed by the Industry and New Technologies Ministry.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters