- Published: 27 October 2020 27 October 2020
The European Bank for Reconstruction and Development (EBRD) and its partners are supporting the construction of a 100MW wind farm near the town of Zhanatas in the south of the Kazakhstan.
The EBRD’s financing of up to US$ 24.8 million (in KZT equivalent) is the latest transaction under the Bank’s Kazakhstan Renewables Framework II. 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-kilometre 110 kV single-circuit line connecting the facility to the national grid.