The KZT17.1 billion (US$47.3 million) project will help to reduce the southern region's dependence on electricity import from elsewhere – particularly coal-fired power plants in the North – and reduce associated transmission losses. The European Bank for Reconstruction and Development ( EBRD ) is to provide a € ##20 m ( $ 20 m ) loan towards the construction of a 100 MW solar project in the Kyzylorda region of southern Kazakhstan . The scheme , which will cost $ 47.3 m in total , aims to reduce the region 's dependency on imported electricity . The project will be undertaken by Nomad Solar , a company established by Total Eren and Access Power .
The European Bank for Reconstruction and Development ( EBRD ) is to provide a € ##20 m ( $ 20 m ) loan towards the construction of a 100 MW solar project in the Kyzylorda region of southern Kazakhstan . The scheme , which will cost $ 47.3 m in total , aims to reduce the region 's dependency on imported electricity . The project will be undertaken by Nomad Solar , a company established by Total Eren and Access Power .