Zhasyl Damu increases waste plant funding to 157.4 billion tenge
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Zhasyl Damu has raised its funding for waste processing plants to 157.4 billion tenge. The decision was made by the company's shareholders. This adjustment comes even as the initial deal was set at 70.5 billion tenge.
Funding Increase
Zhasyl Damu's shareholders have approved a significant increase in funding for the construction of waste processing and recycling plants. The total financing has been raised from 70.5 billion tenge to 157.4 billion tenge, according to corporate disclosures. This adjustment reflects a strategic shift in the company's investment plans.
Initial Agreement Details
The original agreement, established in July 2024, included five key areas, primarily focusing on the construction of processing plants. The initial funding was set at 70.5 billion tenge. The deal was part of a broader collaboration with the Industrial Development Fund.
Digital Reform and Single Operator
Kazakhstan is launching a large-scale waste management reform involving digitalization and a single operator. Daniyar Baiga, Managing Director of Zhasyl Damu, discussed the reform's potential as a breakthrough or a conceptual exercise.
Digital Waste Management System
Rustem Uskenbaev, chief manager of the Waste Management Organization Department at Zhasyl Damu, highlighted the role of digital solutions in waste management. A key tool is the EcoQolday information system, which ensures transparency in waste accounting.
What's Next
The revised funding plan is expected to be finalized in the coming months. It remains unclear how this will affect the timeline for plant construction.
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Zhasyl Damu increases waste plant funding to 157.4 billion tenge
