EBRD considers to support the 30 MWp Kazakh solar project
The European Bank for Reconstruction and Development (EBRD) is now on final reviews for the application from China’s Universal Energy Co Ltd, through its unit, Zhangiz Solar LLP for the construction of 30 MWp Universal Energy Zhangiz solar project near Zhangiztobe, Kazakhstan.
The project has an estimated cost of US$22.5 million. The EBRD will provide up to US$12 million while the Green Climate Fund will provide US$5 million.
The project, once operational, can produce electricity up to 42,000 MWh enough to eliminate 35,450 tonnes of CO2 annually.
Country updates
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March 05, 2019
ADB signs loan for 50 MW solar PV project in Kazakhstan
The Asian Development Bank has signed a US$11.5 million loan in tenge equivalent with Baikonyr Solar Limited Liability Partnership to support the development of solar power in Kazakhstan and further e...
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February 28, 2019
Hevel secures EUR56.2 million financing for solar project in Kazakhstan
The Eurasian Development Bank (EDB) and Hevel Kazakhstan signed a EUR56.2 million (US$63.96 million) long-term multi-currency loan facility agreement to finance the construction of solar power plants...
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February 11, 2019
EBRD considering financing for 50MW solar project in Kazakhstan
EBRD is reviewing the provision of financing to KazSolar 50 LLP for the construction of a 50MWp solar power plant in the Karaganda area of central Kazakhstan in the form of an up to US$ 26 millio...
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January 31, 2019
40 MWp solar plant in Karaganda region goes online
Risen Energy Co Ltd has announced that it has put online the 40 MW photovoltaic solar project in Karaganda region, Kazakhstan. The Risen Energy is a solar module producer based in China. The project...
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January 29, 2019
EBRD and Green Climate Fund provide US$50 M for a solar plant in Kazakhstan
Renewable power generation is set to play a greater role in Kazakhstan’s energy mix as a result of financing led by the European Bank for Reconstruction and Development (EBRD) for the constructi...
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