ASTANA (TCA) — Development Bank of Kazakhstan (DBK) on January 23 said it has opened financing for CAPEC Green Energy LLP for the construction of the first start-up complex of a 50 MW wind power plant to be located 40 km from Kazakhstan’s capital Astana, in the village of Kostomar, Akmola region. After commissioning of the second phase, the total capacity of the power plant will be 100 MW.
The cost of the project is KZT 46.1 billion. DBK provides a loan for 10.5 years in the amount of KZT 30.5 billion. DBK-Leasing, a subsidiary of DBK, also contributed to the project financing, which provided funds in the amount of KZT 3.6 billion in the form of financial leasing for the purchase of equipment. The borrower’s own funds within the project financing will amount to KZT 12 billion.
The first phase of the 50MW wind power plant is planned to be built by the middle of 2019. By that time the power plant will be provided with infrastructure facilities and equipped with 15 wind power generators produced by Vestas company.
“The environmental aspect is an important component of the Project. The commissioning of this wind power plant will reduce greenhouse gas emissions by 230,000 tons per year, which exceeds the emissions of more than 113,000 cars per year. In the course of the Project implementation a set of new developments and technologies for wind energy conversion adapted to the climatic conditions of the region will be used,” said Ayzhan Bitebayeva, the Senior Banker of the Directorate for Customer Relations of DBK.
Once completed, the wind power plant will meet the needs of more than 10,000 families through renewable energy sources, thereby reducing the use of fossil fuels. “The project will contribute to the implementation of Kazakhstan’s international commitments to reduce greenhouse gas emissions, and fully comply with our country’s strategy for transition to a green economy,” stressed Edil Saryev, the Deputy Director on technical issues of CAPEC Green Energy LLP.
