Vnesheconombank will provide up to $ 3 billion Kazakh National Welfare Fund "Samruk-Kazyna", Interfax reports. The loan will be used to ensure the supply of Russian equipment, as well as steel products, chemicals, energy, and to modernize certain of Kazakhstani enterprises.
In particular, funds will be invested in capacity expansion project Ekibastuz GRES-2 in the Pavlodar region, as well as in the production of mineral fertilizers in Kazakhstan. According to the head VEBa Vladimir Dmitriev, with the Russian side, suppliers of equipment for the project Ekibastuz power station will be "Power Machines" and the operator will be "Inter RAO.
Dmitriyev added that an agreement for a loan, and approaches to its implementation were approved by the President of Kazakhstan Nursultan Nazarbayev. Nazarbayev also supported the establishment of trading houses, which will supply equipment for Russian oil and gas industry, energy, agriculture.
Memorandum on VEBa participation in the financing of trade between Kazakhstan and Russia was signed in early February. Credits will be issued by Kazakhstan for a period of 10 years.
Ekibastuz power plant - a joint Kazakh-Russian company, established in 2005, Inter RAO UES "and Kazakhstan" Samruk-Energo ". The power station is 1000 megawatts. Upgrading of the station (the construction of the third power) will cost 68 billion tenge (over 450 million dollars).
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