OREANDA-NEWS. November 24, 2009. Eurasian Development Bank, bonds of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the following press release, reported the press-centre of KASE:

In Yalta in presence of the Russian Federation Government Chairman Vladimir Putin and Prime Minister of the Republic of Kazakhstan Karim Massimov was signed the agreement on indicative conditions of Ekibastuz GRES-2 third power unit construction funding. The document was signed by Eurasian Development Bank (EDB) jointly with Bank for Development and Foreign Economic Affairs (Vnesheconombank), EKIBASTUZ GRES-2, Samruk-Energo and INTER RAO UES

Parties approved an interest in implementation in the Republic of Kazakhstan of the large investment project EKIBASTUZ GRES-2, shareholders of which is Samruk-Energo and INTER RAO UES through its long-term funding by EDB and Vnesheconombank in compliance with the preliminary indicative conditions.

Parties agreed to support materials consideration on this project and making final decisions on its funding. In case of agreement on all significant funding terms parties will determine terms of participation in the project implementation through appropriate corporate decisions and signing of credit ensuring documents.

Eurasian Development Bank actively cooperates with EKIBASTUZ GRES-2, Samruk-Energo and INTER RAO UES. In particular, the Bank opened the credit line for EKIBASTUZ GRES-2 to the amount of USD93.5 m for 10 years to fund technical improvements program.

Details on the bank at http://www.eabr.org