$21.7m boost for energy efficiency in Kazakhstan

The World Bank is providing a $21.7 million (£12.8m) grant to Kazakhstan to develop an energy efficiency project in the country. It signed an agreement with the Government for the […]

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By Priyanka Shrestha

The World Bank is providing a $21.7 million (£12.8m) grant to Kazakhstan to develop an energy efficiency project in the country.

It signed an agreement with the Government for the four-year project to help the nation create a “favourable policy environment” and reach its energy efficiency potential.

The cash will be used to upgrade around 75 public facilities in the country, including schools and hospitals as well as street lighting across the country.

“The project will also focus on improving the institutional framework supporting the creation of sustainable energy financing mechanisms as well as public campaign to promote energy efficiency”, the Bank said.

The Ministry of Industry and New Technologies will be responsible for the overall coordination of the project implementation.