AIIB approves US$46.7m financing for 100 MW Zhanatas wind project in Zhambyl
The Asian Infrastructure Investment Bank (AIIB) has approved a US$46.7 million loan for the construction and operation of a 100 MW Zhanatas wind project located in the Zhambyl region.
The Zhanatas wind project will generate approximately 319 GWh of energy per year and reduce carbon dioxide emissions by 260,623 tons annually.
The Zhanatas wind power plant is supported by a memorandum of understanding between AIIB and the Ministry of Energy of the Republic of Kazakhstan, which laid the foundation for greater cooperation on renewable energy project financing.
The project, with a total estimated cost of US$136.2 million, is operated by China Power International Holding Limited, a subsidiary of State Power Investment Corporation. The construction of the project starts in July of 2019 and scheduled to operational by 2020.
Country updates
-
-
December 24, 2019
Kazakhstan inaugurates the 50 MW Baikonur solar project in Shieli
United Green has inaugurated the 50 MW Baikonur solar power plant located in the Kyzylorda region in southern Kazakhstan. The project is developed by Baikonur Solar LLP, a subsid...
Read more -
November 22, 2019
Vestas secures for 48 MW turbine order for the expansion of Astana wind project
Vestas has secured a 48 MW order from Kazakh developer TSATEK Green Energy LLP for the second phase of the Astana wind project, expanding the wind park from 52 MW to 100 MW. Vestas will supply 14 V11...
Read more -
November 05, 2019
EDB to finance 50 MW wind project near Ereymentau City
The Eurasian Development Bank (EDB) and Ereymentau Wind Power, a company of the Samruk-Energy holding company, signed a KZT23.2 billion (US$59.6 million) loan agreement to finance the construction of...
Read more -
October 01, 2019
Eni, GE won a contract to build 48 MW Badamsha 2 wind farm in Kazakhstan
ArmWind LLP, a Joint Venture between Eni and General Electric, was awarded a 48 MW wind project as a result of the online reverse auction for Wind Power Plants in the Kazakhstan Northern Zone. This wa...
Read more -
July 15, 2019
ADB provides loan for 100 MW M-KAT solar power project in Kazakhstan
The Asian Development Bank (ADB) has signed an agreement for a $30.5 million loan in tenge equivalent to M-KAT Green LLP—a special purpose vehicle created for the project—to build and oper...
Read more
