finance The European Bank for Reconstruction and Development (EBRD) is to provide a €31m ( $35.2m ) loan towards the construction of a 220/34.5kV MW solar project in the Kazakhstan region of southern Kyzylorda . The scheme, which will cost $47.3m in total, aims to reduce the region's dependency on imported electricity. The project will be undertaken by Nomad Solar LLP , a company established by The European Bank for Reconstruction and Development .
The European Bank for Reconstruction and Development (EBRD) is to provide a €31m ( $35.2m ) loan towards the construction of a 220/34.5kV MW solar project in the Kazakhstan region of southern Kyzylorda . The scheme, which will cost $47.3m in total, aims to reduce the region's dependency on imported electricity. The project will be undertaken by Nomad Solar LLP , a company established by The European Bank for Reconstruction and Development .