KazTransGas: KazTransGas Solidarity Loan (EBRD-51854)

  • Kazakhstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 28, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
KazTransGas JSC
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 244.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 244.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 18, 2020

Disclosed by Bank Apr 6, 2020

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Project Description

Project Description

Based on EBRD website, it would be provided two senior loans up to 244 million euros in local currency equivalent (tenge) to subsidiaries of KazTransGas JSC, which is Kazakhstan’s national gas operator. The EBRD Project Summary said that the senior loans totaling may be allocated to the state-owned companies Intergas Central Asia JSC (ICA) and KazTransGas Aimak JSC (KTGA). These two companies are EBRD’s long-standing clients and fully owned subsidiaries of KazTransGas JSC.

Project Objectives

The report also said that through the project, the EBRD is looking to help the subsidiaries of KazTransGas optimize the balance sheet, continue energy efficiency improvements and develop a Corporate Governance Action Plan.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information


The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.


David Kruz, Assel Abilkhairovad.kruz@ica.kz, a.abilkhairova@ktga.kz8 (717) 292 71 60http://www.intergas.kz/en, http://www.ktga.kz/en/