Aktobe CHP’s rehabilitation and efficiency improvement investment programme would include:
(i) installation of a new 30 MW steam turbine,
(ii) installation of a new 25 MW Gas Turbine unit with Heat Recovery Steam Generator, subject to outcome of detailed feasibility study, and
(iii) other energy efficiency projects, including boilers’ modernisation.
The project will increase generation capacity and significantly improve the plant’s efficiency and environmental performance to address the growing demand in the Aktobe region in a sustainable manner
This project will achieve significant transition impact: The project once completed will achieve significant efficiency improvement, and the increase in capacity of this power plant fuelled by associated gas will contribute to the diversification of power generation towards less carbon intensive fuel, which, in Kazakhstan, is otherwise dominated by lignite coal fired plant.
The project is identified as a priority under the Sustainable Energy Action Plan (SEAP) signed between the EBRD and the Government of Kazakhstan earlier this year.
The Project will seek to further improve the Borrower’s financial transparency and quality of financial information through IFRS statements going forward and quality standard improvement through ISO 9001 and ISO 14001 by end 2012.
In parallel, as part of implementation of the SEAP, the Bank will continue to work directly with the Anti-Monopoly Agency and the Ministry of Energy and Natural Resources to further improve tariff methodologies applicable to regulated heat and electricity activities in line with international practice, through inter alia, the implementation of consultants’ recommendations provided to date under Technical Cooperation.
The client:
Aktobe CHP Joint Stock Company owns and operates a gas-fired combined heat and power plant with total 102 MW and 1,139 Gcal/h installed capacity in Aktobe in North West Kazakhstan.
EBRD finance:
Senior secured long term loan: up to USD 40 million.
Total project cost:
Approximately USD 50 million. |
