The Eurasian Development Bank (EDB) and Karagandy Energotsentr signed a $240 million, 13-year loan agreement on Dec. 24 to finance the modernization and expansion of the Karagandy Combined Heat and Power Plant 3 (CHPP-3), according to the EDB’s press service.
Karagandy Energotsentr is the leading electricity producer in the Karagandy Region and the city’s exclusive district heating provider.
The project aims to enhance the plant’s generation capacity by 140 megawatts (MW) of electricity and 180 gigacalories (Gcal) per hour of heat. This expansion is expected to ensure a reliable power supply to Kazakhstan’s national energy grid and provide heat to new residential districts in the city.
The initiative addresses critical electricity generation shortages in the region, responding to increasing demand while boosting efficiency and reliability. It will also improve heat distribution to over 400 additional homes and social institutions while meeting stringent safety standards.
The new power unit will feature cutting-edge energy and environmental technologies, fully aligned with Kazakhstan’s updated Environmental Code for new installations. These include advanced dust filtration systems and measures to reduce nitrogen, sulfur, and carbon oxide emissions, mitigating the plant’s environmental impact.