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Wednesday, August 23, 2017

Kazakhstan using World Bank grant to implement energy reforms

The World Bank signed a $21.7 million grant agreement with the government of Kazakhstan on Wednesday to help the country a four-year project aimed at promoting energy efficiency through favorable policies.

The agreement was signed by Kazakh Deputy Prime Minister and Minister of Industry and New Technologies Asset Issekeshev and World Bank's Kazakhstan Country Manager Sebnem Akkaya.

Issekeshev said the project will help modernize schools, hospitals and street lighting facilities throughout the country, as well as improve the institutional framework for a sustainable energy financing mechanism and a public campaign to promote energy efficiency.

The Kazakh Ministry of Industry and New Technologies will be in charge of coordinating and implementing the project.