Guarantee Agreement (Alma Electricity Transmission Project) between REPUBLIC OF KAZAKHSTAN and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated December 25, 2010Guarantee Agreement • September 29th, 2010
Contract Type FiledSeptember 29th, 2010AGREEMENT, dated December 25, 2010, entered into between REPUBLIC OF KAZAKHSTAN (“Guarantor”) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (“Bank”) (“Guarantee Agreement”) in connection with the Loan Agreement of same date between the Bank and JOINT STOCK COMPANY “KAZAKHSTAN ELECTRICITY GRID OPERATING COMPANY” (“Borrower” or “KEGOC”) (“Loan Agreement”) and further to the Resolutions of the Government of the Guarantor No. 531 and No. 1375, dated June 7, 2010 and December 20, 2010 respectively, by which the Guarantor has agreed to guarantee the obligations of the Borrower with respect to the Loan. The Guarantor and the Bank hereby agree as follows: