Kazakhstan: AIIB to fund construction of Central Asia’s largest wind power plant

NUR-SULTAN (TCA) — Kazakhstan’s Zhanatas wind power plant, the largest of its kind in Central Asia, will get loans of 46.7 million U.S. dollars from the Asian Infrastructure Investment Bank (AIIB), Xinhua news agency reported.

The 100 megawatt wind power plant, located in south Kazakhstan’s Zhambyl Region, is the first project funded by the AIIB in Kazakhstan.

Upon completion, it will deliver electricity of approximately 319 GWh per year, according to a statement by Zhanatas Wind-Power Station Limited Liability Partnership, which added that the project is expected to meet the electricity demand of about one million households, effectively alleviating power supply pressures in southern Kazakhstan.

The plant, whose total cost is estimated at 136.2 million U.S. dollars, is operated by China Power International Holding Limited, a subsidiary of State Power Investment Corporation.

According to an AIIB project summary, the AIIB will provide the wind farm with 46.7 million dollars of loans, and the rest is to be funded by the sponsors and other financial institutions. The last disbursement of loans for construction should be granted no later than August 2020.

Construction of the wind farm began in July 2019 and it is expected to be put into operation next year.

Sergey Kwan


Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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