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Wednesday, 30 January 2019 17:00

New solar power plant to be built in Kazakhstan

New solar power plant to be built 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, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of EBRD.

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.

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.

More details: https://www.ebrd.com/news/2019/ebrd-steps-up-support-for-renewable-energy-production-in-kazakhstan-.html

Person in charge of the newsline: Olga Nagiyeva 

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