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EDB to Finance USD 59 million For Wind Power Project in Kazakhstan

Power News - Published on Fri, 08 Nov 2019

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The Eurasian Development Bank will provide a USD 59.6 million loan to support the construction of a 50-MW wind farm in Kazakhstan. The lender has signed an agreement with Ereymentau Wind Power, owned by local energy holding company Samruk-Energy JSC, for the particular loan. The wind energy project that will benefit from the loan will be realised at a site near the town of Ereymentau, Akmola Region. According to Samruk-Energy, there is the possibility to expand that plant to 300 MW.

EDB noted that it financed the construction of a 45-MW wind farm in the same region of Kazakhstan back in 2013, also developed by a unit of Samruk-Energy.

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Posted By : Rabi Wangkhem on Fri, 08 Nov 2019
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