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. In addition to its own projects, access indo has also signed agreements with several other international lenders, including China's Exim Bank, Japan's Mitsubishi UFJ Financial Group, Germany's Deutsche Bundesbank and France's EDF.
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.