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.