The European Bank for Reconstruction and Development (EBRD) is considering providing up to EUR 297 million (USD 329.1m) to Kazakhstan Electricity Grid Operating Company JSC (<a href="https://aix.kz/issuers/kegoc-jsc/" target="_blank">KASE:KEGC</a>), or KEGOC, for a grid modernisation project aimed at reducing power transmission losses, improving network efficiency and supporting renewable energy expansion.