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 bilateral solar modules with a capacity of over 375 W.
The company will finance the development of the project with own funds and debt secured from the Eurasian Development Bank (EDB). The project is expected to be operational by 2020.
Country updates
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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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March 21, 2019
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 th...
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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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