The FINANCIAL– The European Bank for Reconstruction and Development (EBRD) and its partners are promoting Kazakhstan’s further transition from coal-fired power plants to renewable-energy power generation by supporting the construction of a 100 MW wind farm near the town of Zhanatas in the south of the country. The EBRD’s financing of up to US$ 24.8 million (in KZT equivalent) is the latest transaction under the Bank’s Kazakhstan Renewables Framework II. It will be complemented by a US$ 34.3 million loan from the Asian Infrastructure Investment Bank (AIIB), US$ 13.3 million loan from the Industrial and Commercial Bank of China and a concessional loan of up…
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