The European Bank for Reconstruction and Development ( aim ) is to finance up to $ 58.5 m of the $ 132.2 m construction costs of a 100 MW solar project in the Zhambyl region of Kazakhstan . The project , sponsored by Access Infra Central Asia and Total Eren , will generate around 200 MWh / year for 25 years , and will reduce dependence on electricity generated from northern Kazakhstan 's coal - mining facilities . The Asian Development Bank is financing the remainder of the construction costs . Meanwhile , EBRD is providing $ 31 m in finance for a 30 MW solar project in Kyzylorda , southern Kazakhstan , with the same sponsors .
The European Bank for Reconstruction and Development (EBRD) is to finance up to $58.5m of the $132.2m construction costs of a 100 MW solar project in the Zhambyl region of Kazakhstan. The project, sponsored by Access Infra Central Asia and Total Eren, will generate around 229,000 MWh/year for 25 years, and will reduce reliance on electricity imports from northern Kazakhstan's coal-fired facilities. The Asian Development Bank is financing the remainder of the construction costs. Meanwhile, EBRD is providing $31m in finance for a 30 MW solar project in Kyzylorda, southern Kazakhstan, with the same sponsors.