EBRD steps up support for renewable energy production in Kazakhstan

Renewable power generation is set to play a greater role in Kazakhstan’s energy mix as a result of financing led by the European Bank for Reconstruction and Development (EBRD) for the construction of a new 50MW solar power plant in the south of the country.

Егемен Қазақстан
29.01.2019 1846

The proposed financing package arranged by the EBRD includes a local currency loan of up to   US$ 40.4 million in Kazakhstan Tenge and a loan of up to US$ 10 million from the Green Climate Fund (GCF).

The new plant, which will be located in Chulakkurgan, south Kazakhstan, will generate over 102 GWh of electricity per year and will help reduce CO2 emission by 86,000 tons per year.

The EBRD has again teamed up for this investment with Risen Energy, China’s leading solar modules producer and project developer. It is the EBRD’s second project with Risen after the two organisations worked together to deliver a 40MW solar plant in the Karaganda region of the country.

The latest project is the eighth to be signed under the Bank’s Kazakhstan Renewables Framework, a €200 million facility for financing renewable energy projects in Central Asia, which benefits from a US$ 110 million contribution from the GCF.

Separately earlier this month, a new 100MW solar plant was launched in the Karaganda region of north Kazakhstan. The project was developed by Joachim Goldbeck Holding GmbH of Germany and co-financed by the EBRD and the GCF.

In 2018, under the Green Economy Transition Approach, the Bank mobilised investments worth €3.4 billion into green economy projects.

To date, EBRD has invested a total of over $ 8.85 billion in the economy of Kazakhstan through 254 projects.

LATEST

18.02.2019

Head of Kazakh Republican Space Communications Centre appointed

18.02.2019

Astana to enjoy Poetry in Music concert

18.02.2019

The first opponent of Daniyar Yeleussinov was defined in 2019

18.02.2019

Gorka Izagirre wins Tour de la Provence after a dramatic final at stage 4

18.02.2019

New US Ambassador to Kazakhstan: I am very happy to return to Kazakhstan again

18.02.2019

Kazakh Senate Speaker attends Munich Security Conference

18.02.2019

Miguel Angel Lopez wins Tour Colombia 2.1

16.02.2019

Bakytzhan Sagintayev meets with Chairman of the Board of Eurasian Development Bank Andrey Beliyaninov

15.02.2019

Constitutional Council announces decision on Presidential appeal

15.02.2019

Kazakh President meets with winners and prize-winners of international sports competitions

15.02.2019

Southern Gas Corridor can transport gas from Turkmenistan, Kazakhstan, says SOCAR

15.02.2019

Astana’s Lopez comes in 4th in sprint at Tour Colombia 2.1. Stage 3

15.02.2019

Askar Mamin presented new first deputy akim of Turkestan region

15.02.2019

New deputy mayor of Astana appointed

15.02.2019

Effectiveness of measures to ensure social well-being considered at meeting of Government Working Group

14.02.2019

President signs decree on military discharge of conscript soldiers

14.02.2019

Bakytzhan Sagintayev holds a meeting of State Commission for Modernization of Economy

14.02.2019

Yeldos Ramazanov appointed vice minister of culture and sports

14.02.2019

Nurzhan Altayev dismissed as vice minister of labor and social protection of the population

14.02.2019

Kazakh President meets with the participants of the project "100 new faces of Kazakhstan"

COLUMNISTS

Aliya Ashim, Journalist

Brazil’s version of Trump: why is it a «wake-up call» for the world?

<p style="text-align: justify;">A racist, a homophobe, a misogynist, a pro-torturer. Because of the profane outbursts and verbal abuse, he has earned such an image and was even considered as a political clown. Once he insulted lawmaker claiming that she was too ugly to be worth of raping. What is more, he said that he’d rather have a dead son than a gay one. Therefore, analysts concluded that Brazil has elected the most extremist president among democratic countries. So why did Brazil decide to make «really radical shift»? How did such an «extreme» and «unpleasant» figure become a president?<br /> </p>

Jylkybay Jagyparuly,

Mechanical engineering is a potential pillar of the economy

In industrialized countries, one of the most important indicators of the economy is the level of development of the machine-building industry. Independent Kazakhstan, striving to achieve ambitious goals, is making great efforts to develop machine building in the process of diversifying its economy.

Alisultan Kulanbay,

June 4 - Day of State Symbols of Kazakhstan

State symbols - the State Flag, State Anthem and State Emblem demonstrate to the world the independence of the Republic of Kazakhstan, also continuity between the past, the present and the future of the state.

Ainash ESALI,

Is it all good that they advertise?

Advertising is the driving force of production and business. This is an indisputable fact.

Nazira RAKHMANKYZY, Film critic

Splash of commercial films in Kazakhstan

Last year, the number of feature films which filmed reached thirty-six in Kazakhstan. We should say that it is an unprecedented figure in the history of Kazakh cinema in the last quarter century.

Comments(0)

ADD A COMMENT