Joint Stock Company “Central Asian Electric Power Corporation” (hereinafter referred to as “CAEPCO” JSC) developed investment program for a long-term period of 2010-2015 which provides for the total amount of investment of 55 billion tenge. This investment program, agreed with and approved by the competent governmental agencies, includes the measures aimed at improvement of efficiency of power generating assets of the Company in Pavlodar and North Kazakhstan areas, improvement of environmental parameters of manufacturing process by means of reduction of harmful substances emission, wastes recycling, reconstruction and modernization of network assets for the purpose of reduction of thermal and electric power losses.  

The project of participation in “CAEPCO” JSC capital by means of subscription to common shares of the Company is to be finally approved by the International Financial Corporation (hereinafter referred to as IFC).  Within the framework of the future agreement to be concluded with IFC, “Environmental and Social Actions Plan” (hereinafter referred to as “Action Plan”) was approved and it is to be enclosed to such future agreement as attachment.  

Implementation of environmental measures is aimed at improvement of environment, health and occupational safety in subsidiaries of the Companies. The key items of investment program consist in new technologies of flue gases purification, modernization of fuel combustion system for reduction of nitrogen oxide, sulfur and greenhouse gases emission.  Actions Plan was developed in accordance with the IFC standards in the field of social and environmental stability taking into account practical implementation of the best international industrial standards in the sphere of environment.  

Enclosure:

“Central Asian Electric Power Corporation” JSC Environmental and Social Actions Plan.