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KABUL (TCA) — The Asian Development Bank (ADB) and the Ministry of Rural Rehabilitation and Development (MRRD) of Afghanistan have inaugurated the distribution of 80 off-grid solar kits, called “electricity-in-a-box”, to rural households near Kabul without grid electricity, ADB’s Country Office reported. Continue reading
ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) is teaming up with a new investor in Kazakhstan’s renewable energy sector, Joachim Goldbeck Holding GmbH, to construct a new 100MW solar plant in the Karaganda region of Kazakhstan, a regional leader in solar power generation. Loan and project support agreements were signed on November 28 in Astana for the largest solar power plant built at one time in Central Asia, the EBRD said. Continue reading
ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) is supporting a new solar plant with up to 28 MW capacity in southern Kazakhstan, a country which leads in the field of solar power generation in Central Asia. The respective loan and project support agreements were signed on October 18, the Bank said. Continue reading
ASTANA (TCA) — During the meeting of the Kazakh-Chinese Business Council on June 8 in Beijing, with the assistance of Kazakh Invest National Company for Investment Support and Promotion, an agreement on cooperation was signed to implement projects in the field of renewable energy (solar and hydro) in Kazakhstan using domestic solar cells (KazPV), Kazakh Invest reported. Continue reading
ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) is teaming up with a new investor in Kazakhstan’s renewable energy sector, China’s Risen Energy, for the construction of a new 40MW solar plant in the Karaganda region of the country, the EBRD said on June 6. The financing package arranged by the EBRD includes a local currency loan of up to US$ 22 million in KZT equivalent, a loan of up to US$ 5.8 million from the Clean Technology Fund (CTF) and up to US$ 4.2 million loan from the Green Climate Fund (GCF). This will be the first facility provided jointly by EBRD and GCF to finance a solar project in Kazakhstan as part of the Framework Agreement to co-finance renewable energy in the country signed earlier in 2018. The 40MW solar PV plant will be constructed and operated by Risen Energy – a leading Chinese manufacturer of solar modules, which is now developing a portfolio of solar projects worldwide and in Kazakhstan. The project will mark the EBRD’s first cooperation in the sector and in the country with a Chinese company. New solar plant will help reduce CO2 emissions by 55,000 tons per year and contribute to the national emission reduction targets as well as the EBRD’s Green Economy Transition strategy. The project is a continuation of the cooperation between EBRD and the Ministry of Energy of Kazakhstan on the development of renewable energy in the country in line with the Memorandum of Understanding signed in 2017. In total, it will be the sixth project to be signed under the Bank’s Kazakhstan Renewables Framework, a € 200 million facility that finances renewable energy projects in the Central Asian country and benefits from a US$ 110 million contribution from the GCF.
ASTANA (TCA) — In the first joint internationally financed project in renewable energy the European Bank for Reconstruction and Development (EBRD) is organising a loan together with the Clean Technology Fund (CTF) and the Asian Development Bank (ADB) to fund the construction of a 50 MW solar power plant in Baikonur in central Kazakhstan, a region known as the base for space exploration and a testing ground, the EBRD said on May 17. Continue reading
