Eurasian Development Bank issued the following announcement on Nov. 29.

The Eurasian Development Bank (EDB) and the Russian Export Center (REC) together with Roseximbank at the XIV annual international conference “Eurasian Economic Integration” on November 29 officially announced the conclusion of an individual loan agreement to support the supply of Russian high-tech photovoltaic modules under an export contract concluded between Hevel Group of Companies (Russia) and KB Enterprises LLP (Kazakhstan).

The funded export contract is part of a turnkey construction project for a solar power plant in the Akmola region of Kazakhstan. The loan agreement will be insured by EXIAR JSC.

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