Crystal Management JSC

Construction of a gas turbine power station at the Akshabulak site

Energy

Funding status: assimilated

Information about Crystal Management JSC

Project name Construction of a gas turbine power station at the Akshabulak site
Project description Construction of a gas turbine power plant with a capacity of 87.03 MW, aimed at reducing the electricity deficit in the region and reducing the level of environmental pollution through the utilization of associated gas. The project was implemented within the framework of the State Program on Forced Industrial and Innovative Development of the Republic of Kazakhstan for 2010-2014
Borrower Development Bank of Kazakhstan JSC Crystal Management JSC
Final beneficiaries
 Timur Kulibayev, Kairat Krymov, Zhumabike Zhilbayeva,Raushan Sagdiyeva Raushan
Product
Power output is 762 mln kWh per annum
Structure of project financing Project cost 129,249 mln $
Participation of Development Bank of Kazakhstan JSC, in the context of financing currencies 90 mln $:
11,52 mil. USD;
10,23 mil. EURO ;
3,441,62 mil. Yen ;
4,691,32 mil. KZT
Borrower's own participation 39,249 mln $
Participation in financing of the project of other creditors n/a
Terms of granting the financing instrument of Development Bank of Kazakhstan JSC Funding currency USD, EURO, KZT, Yen
Type of financing instrument Medium- and long-term lending to investment projects
Rate of remuneration 9% (in USD)
6 months EURIBOR + 1,75%, increased by a factor of tax increase  (1+1/9)+3% (in EURO)
6,25% (in Yen)
3,2%(in KZT) and 7,76%(in KZT)
Loan term 17 years
9 years
10 years
7 and 17 years
Funding source Equity capital of DBK, raised funds (including funds from the National Fund of the Republic of Kazakhstan)
Additional Information Address Almaty, Tchaikovsky street, 95
Phone 8 (727)313 13 01; 8 (727)313 20 04
Fax 8 (727) 313 20 06
Website www.crystal-management.kz, office@crystal-management.kz