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 a 50 MW wind farm near the town of Ereymentau.
The project is of social and economic importance to Akmola Region and is expected to improve the financial situation, energy sufficiency, as well as reliability of electric power supplies to Kazakhstan’s central and northern regions.
Country updates
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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...
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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...
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July 11, 2019
Green Energy 3000 starts construction of 50 MW solar project in Chulakkurgan
The renewable energy developer Green Energy 3000 GmbH has started the construction of the 50 MW photovoltaic solar project located in the Chulakkurgan district in southern Kaz...
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June 20, 2019
Hevel starts construction for 100 MW Nura solar PV project
Hevel Group has started the construction for its 100 MW Nura solar photovoltaic project that is located in Akmola Region of Kazakhstan. The facility will consist of heterostructural bilater...
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May 31, 2019
EBRD funds 30 MW solar PV project in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) has provided a senior loan of KZT4.4 billion (US$11.7 million) to Zhangiz Solar LLP, a special purpose vehicle set up by government for the...
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