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KazMunayGas and EBRD Discuss Prospects for Cooperation in Low-carbon Development

16.03.2022

Alik Aidarbayev, Chairman of the Management Board, JSC NC "KazMunayGas", has held a meeting with the management of the European Bank for Reconstruction and Development (EBRD).

Alain Pilloux, EBRD's Vice President, briefed the meeting participants on the operations of the bank, which has invested over EUR 9 billion in the implementation of various projects in Kazakhstan since 1993. He also reaffirmed the readiness of the financial institution to support KMG's endeavour to reduce the carbon footprint within the framework of the 2022-2031 Low-carbon Development Programme.

Agreements were reached on technical assistance from the EBRD in the implementation of a system and procedures for the disclosure of financial statements related to climate change (TCFD).

The development institute is also ready to assist in analyzing the potential for the development of hydrogen energy in Kazakhstan and the regulatory framework necessary for its implementation.

In addition, the parties agreed to consider the possibility of arranging EBRD financing for the implementation of energy efficiency and renewable energy projects at the national company's assets.

JSC NC KazMunayGas

Alik Aidarbayev, Chairman of the Management Board, JSC NC "KazMunayGas", has held a meeting with the management of the European Bank for Reconstruction and Development (EBRD).

Alain Pilloux, EBRD's Vice President, briefed the meeting participants on the operations of the bank, which has invested over EUR 9 billion in the implementation of various projects in Kazakhstan since 1993. He also reaffirmed the readiness of the financial institution to support KMG's endeavour to reduce the carbon footprint within the framework of the 2022-2031 Low-carbon Development Programme.

Agreements were reached on technical assistance from the EBRD in the implementation of a system and procedures for the disclosure of financial statements related to climate change (TCFD).

The development institute is also ready to assist in analyzing the potential for the development of hydrogen energy in Kazakhstan and the regulatory framework necessary for its implementation.

In addition, the parties agreed to consider the possibility of arranging EBRD financing for the implementation of energy efficiency and renewable energy projects at the national company's assets.
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