| Project Detail |
Location:
Kazakhstan
Project number:
54329
Business sector:
Energy
Notice type:
Private
Approval date:
10 Jan 2024
Status:
Concept Reviewed
PSD disclosed:
01 Dec 2023
Please note that this is an update to the previously-published PSD under Operation ID 52857, for the KazREF II - Borey Wind project.
The provision of a senior loan of up to US$ 45.6 million equivalent (in US$ and KZT) to Borey Wind LLP, a SPV incorporated in Kazakhstan, for the development, construction and operation of an onshore wind power plant and adjacent infrastructure including transmission line with an installed capacity of 100 MW in the Arshaly district of Akmola region, Kazakhstan. The Banks loan will be utilised to cover the historical project costs.
Project Objectives
The project will support Kazakhstan in its objective to increase the share of renewable energy in the energy mix, contribute to reducing Kazakhstans carbon intensity, and address the countrys increasing electricity demand. |
