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  /  News   /  Start of new project Vostokelectro Rehabilitation Corporate Development Programme

Start of new project Vostokelectro Rehabilitation Corporate Development Programme

12/2018, Karakol, Kyrgyz Republic

K.S. Solutions together with PricewaterhouseCoopers Advisory s.r.o. have successfully launched Corporate Development Programme of the Project of Vostokelectro Rehabilitation in Karakol.

The project includes works on improvements of commercial standing of Open-Joint Stock Company Vostokelectro, monitoring of service and environmental and social performance, as well as assistance in identifying and implementing the necessary corporate, financial and operational improvements.

Background
The European Bank for Reconstruction and Development has developed a project together with the Joint Stock Company Vostokelectro and the Ministry of Finance of the Kyrgyz Republic to modernise electricity distribution networks in the Tup and Jeti-Oghuz regions of the Kyrgyz Republic.

JSC Vostokelectro is one of power distribution companies in Kyrgyz Republic covering 47% of Country territory. Vostokelectro has the highest electricity losses in Kyrgyzstan.

The Project will enable the Company to address the above outlined issues and improve its electricity distribution services by financing priority investments for the rehabilitation and modernisation of the metering system and strengthening of the network.

More information about the Project you can find at the web site of EBRD:
https://www.ebrd.com/news/2017/ebrd-supports-reliable-power-supply-in-ky…

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