Friday, December 8 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Dec 04
Week of Nov 27
Week of Nov 20
Week of Nov 13
Week of Nov 06
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    EBRD gives update on construction of WPP in Kazakhstan's Zhambyl

    October 2, 2023 - Trend News Agency


      BAKU, Azerbaijan, October 2. The construction of a wind power plant in the Zhambyl region of Kazakhstan, with financing from the European Bank for Reconstruction and Development (EBRD), will be completed by the end of 2023, a source at the EBRD told Trend.

      A wind power plant with a capacity of 100 megawatts is being built in the Sarysu district of the Zhambyl region. The construction of the facility is 75 percent complete. The cost of the Kazakh-Chinese project is more than 60 billion tenge (about $125 million). Permanent jobs will be provided for 20 people.

      For the construction of this facility, the EBRD provided a loan to a joint venture between China Power International Holding (CPIH) and Kazakhstan's Visor International. The loan amount was up to $39 million (payment is made in both USD and Kazakh tenge).

      The money is allocated for the construction, operation and connection to the power grid of the 100 MW Shokpar WPP. Shokpar wind power plant is slated to help reduce annual CO2 emissions by almost 212,000 tons once commissioned.

      Speaking about the EBRD's investments in renewable energy projects in Kazakhstan, the source noted that to date, the bank has financed 15 renewable energy projects in the country.

      "The total volume of EBRD investments in renewable energy projects in Kazakhstan exceeds $500 million," he added.

      The EBRD hopes to help Kazakhstan achieve carbon neutrality by 2060.

      With over 10 billion euro invested in the country to date across over 300 projects, Kazakhstan is the EBRD’s largest and longest-running banking operation in Central Asia.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.