Emerging markets-focused debt and equity fund manager Cordiant Capital has committed a US$10 million loan to a US$646 million project by Kazakhstan-based power company Central-Asian Electric Power Corporation (CAEPCO).  The loan, which is structured through Cordiant Emerging Loan Fund IV, is being made in partnership with development finance institution European Bank for Reconstruction and Development (ERBD). CAEPCO intends to use the loan to fund its next program of investment, aimed at modernizing the company’s power plants and electricity distribution networks. In another transaction earlier this month, Cordiant signed an agreement with Dutch development bank FMO to provide Georgia-based finance company TBC Bank with a EUR35 million subordinated loan.