On November 18, 2014, after signing a loan agreement with the EBRD in London, a project to modernize the power grids of the Kyzylorda region was launched together with the European Bank for Reconstruction and Development. The total amount of the loan agreement is 5.7 billion tenge.
The implementation of this project will improve the voltage regime in the networks, increase the transmission capacity of the lines and reduce power losses. Operating costs will be reduced by 80%, and the service life of electric lines will increase to 40 years. Thus, the task of attracting investments for the development of joint-stock companies to ensure uninterrupted power supply is being solved in stages.
As part of the EBRD's technical assistance program, an election of project consultants was held.
Since May 2016, 3 tenders have been carried out for a total amount of USD 4.6 million. The company Corporate Solution ”(Great Britain) together with“ BDC Consulting” supported of plans for corporate and institutional development of the enterprise, implementing specific investment programs, including the preparation of corporate development programs, assistance in the creation and training of employees of the project implementation group, development of systems of key performance indicators and service contracts, assistance in the management and administration of contracts.
To exercise control and supervision during the implementation of projects (quality control, supervision of construction, control of the timing of work, personnel training), the consulting companies "AF Mercados" in conjunction with "BDC Consulting" were involved.