▲ Up
 akipress
20:40 21-11-2018
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
akipress
EBRD to provide $8.8 mln loan for French company to build a solar power plant in Kazakhstan
Central Asia | business | 16:23, 15 January 2018 | 1746

AKIPRESS.COM - The European Bank for Reconstruction and Development (EBRD) is supporting French company Urbasolar SAS in its plans to build a solar power plant in Kazakhstan, a country which leads this field in Central Asia.

The new Zadarya solar power plant will add 14MW of solar capacity to Kazakhstan’s energy mix, bringing the total amount of existing and planned renewable energy to 365 MW.

All large-scale renewable energy projects in Kazakhstan under project finance structure have been supported by the EBRD. The Bank also works closely with the government on green energy laws, regulations and other carbon-reduction programmes.

The EBRD will provide a loan in local currency, Kazakh tenge, up to an equivalent of US$ 8.8 million, and the Clean Technology Fund will lend up to US$ 3.9 million for the solar plant in the South Kazakhstan region, near the city of Shymkent. The solar park project will be implemented by a special purpose company, Kaz Green Tek Solar LLP, incorporated in Kazakhstan and majority owned by Urbasolar.

Loan agreements and a project support agreement were signed at the 8th Session of the Assembly of IRENA, the international renewables body, in Abu Dhabi on 13 January 2018.

To date, the EBRD has invested over US$ 8.7 billion in the economy of Kazakhstan.

LATEST NEWS
17:31 ADB to allocate $36.5 million to improve wastewater management in lakeshore areas in Kyrgyzstan17:14 Ancient termite megapolis as large as Britain found in Brazil17:00 Toll roads will bring only 500 million soms to budget, but won't solve problem of money deficit: Ministry16:52 Interpol elects South Korea's Kim Jong-yang as president16:49 Secretaries of Russian, Kyrgyzstan Security Councils discuss military and technical cooperation16:44 Kyrgyzstan presents national policy aimed to prevent violent extremism at UNAOC Forum in New York16:37 9 Kyrgyz athletes win in 7th round of West Asia Youth Chess Championship16:34 Main suspect of foreign cyclists' killings gets life in prison in Tajikistan16:29 Tekebayev not to ask pardoning – Ata Meken party leader16:28 US man 'killed in India by endangered Andamans tribe'16:08 Bishkek lost 2 huge parks since 199116:05 President Jeenbekov suggests awarding Hero Title to Chairman of Council of Ministers of Soviet Kyrgyzstan posthumously15:45 Delegates of upcoming Kurultai suggest to rename Kyrgyzstan15:42 It is necessary to change aerodynamics in city: Environmentalist15:38 IMF projects Uzbekistan’s consumer price index inflation to rise to 17% by end of 201915:35 Shortfall from land resource management in Bishkek reached 500 million soms: MP15:34 Uzbekistan’s GDP continued to expand at about 5%15:31 Uzbekistan’s import and export data show signs of overheating economy – IMF15:02 Batken region's deputy prosecutors suspended after prosecutor's murder14:59 Problems of access to safe abortion medical services discussed in Bishkek
© AKIpress News Agency - 2001-2018. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06