EBRD provides 42.5M for 63 MWp solar project in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) is providing USD 42.5 million in debt to Risen Energy Co Ltd for the 63 MWp Chulakkurgan photovoltaic solar project in Kazakhstan.
The long-term senior financing will support the development, construction and operation of the project. The total cost of the project is estimated at USD 75 million.
The project has passed concept review and is pending final review, scheduled for October 17. The project's expected construction will begin in September and to be concluded in June 2019. The plant will have the capacity to produce roughly 109,000 MWh of electricity.
Country updates
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August 29, 2018
EBRD to finance two solar projects in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) is planning to finance two solar projects in Kazakhstan. The projects involved are the: 100 MWp solar photovoltaic project...
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August 21, 2018
EBRD to consider financing 30 MW solar project in Kazakhstan
The European Bank of Reconstruction and Development (EBRD) has disclosed that it is considering a EUR31 million (US$35.5 million) loan for a 30 MW solar project in Kazakhstan. Project sponsors&n...
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June 13, 2018
Eni has teamed up with General Electric to build the wind project which is expected to brought online by the end of 2019
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June 06, 2018
EBRD has arranged a financing package for the project, which includes a local currency loan of up to US$22 million in KZT equivalent, a loan of up to US$5.8 million loan from the Clean Technology Fund (CTF) and up to US$4.2 million loan from the Green Climate Fund (GCF)
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May 23, 2018
50 MW solar project in Kazakhstan secures funding from EBRD and ADB
United Green, a privately-owned strategic investment group, has secured a debt financing package to fund the construction of a 50 MW solar power plant in Baikonur in central Kazakhstan from...
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