The Eurasian Development Bank (EDB) and the Russian Export Centre (REC) in cooperation with Eximbank of Russia made an official announcement at the 14thAnnual International Conference on Eurasian Economic Integration on 29 November about having entered into an individual credit agreement to support the supply of Russian high-tech photovoltaic solar panels under an export contract between Hevel (Russia) and KB Enterprises (Kazakhstan).

The export contract financed by this credit is part of a turnkey project to construct a solar power plant in Akmola Region, Kazakhstan. The credit agreement will be insured by EXIAR.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

pressa@eabr.org

www.eabr.org