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.
Country updates
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September 30, 2020
EBRD, GCF and CIFs provides US$42.6 million for the development of 76 MW solar PV project in Karaganda
The European Bank for Reconstruction and Development (EBRD) is organizing a new financing for the construction of a 76MWp solar plant in the Karaganda region of Kazakhstan. The US$42.6 million packag...
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June 29, 2020
Monsson Operation SRL to install turbines for 100 MW Astana Expo-2017 wind project
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March 27, 2020
Eni starts commercial operation of the 48 MW Badamsha Wind Farm in Aktobe
Eni, through its local renewable subsidiary ArmWind LLP, started the commercial production of the Badamsha Wind Farm located in North-West Kazakhstan, in the Aktobe region. Badamsha Wind Farm has a ca...
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January 29, 2020
Risen Energy connects 50 MW solar project in Chulakkurgan to the grid
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