The European Bank for Reconstruction and Development (EBRD) is to finance up to $58.5m of the 31m 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 $$132.2m 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.