USD79 Million loan approved for 100 MW Shokpar wind power plant in Kazakhstan

The Asian Infrastructure Investment Bank (AIIB) has granted a US$40 million loan, while the European Bank for Reconstruction and Development (EBRD) has provided a loan of up to US$39 million for the 100 MW Shokpar wind power plant in Kazakhstan.

The Project entails the construction and operation of a wind energy plant in Southern Kazakhstan's Zhambyl region. It includes installing wind turbines totaling 100 MW, constructing a 7.6 km 220 kV double-circuit overhead line, an electrical switchgear with two transformers, and expanding the 220 kV substation.

The grid connection specifications have been approved by the national grid operator Kazakhstan Electricity Grid Operating Company (KEGOC). Developed by China Power International Holding Ltd. (CPIH) and Visor International DMCC (Visor), the project will receive funding from the AIIB and EBRD and concessional financing from the Green Climate Fund and Clean Technology Fund. The wind project is expected to cut annual carbon dioxide emissions by nearly 212,000 tonnes, contributing to Kazakhstan's 2060 carbon neutrality goal.