Lenders provide financing for 100 MW Zhanatas wind project in Zhambyl

European Bank for Reconstruction and Development (EBRD) has financed up to US$24.8 million under the Bank’s Kazakhstan Renewables Framework II for the construction of a 100 MW wind farm near the town of Zhanatas in the south of the country. It will be complemented by a US$34.3 million loan from the Asian Infrastructure Investment Bank (AIIB), US$13.3 million loan from the Industrial and Commercial Bank of China, and a concessional loan of up to US$22.9 million from the Green Climate Fund (GCF).

The funds will be used by Zhanatas Wind-Power Station, a special project company run and owned by China Power International Holding (CPIH) in partnership with Visor Investments Coöperatief, to construct and operate the wind farm as well as to build an 8.6-kilometer 110 kV single-circuit line connecting the facility to the national grid.

The new wind power plant will help reduce annual CO2 emissions by approximately 262,000 tonnes.