AIIB to Fund Largest Wind Energy Plant in Kazakhstan

Asian Infrastructure Investment Bank has announced that it will fund the 100 megawatt wind power plant, located in south Kazakhstan’s Zhambyl Region.

Kazakhstan’s Zhanatas wind power plant, the largest of its wind turbines kind in Central Asia, will be getting loans of 46.7 million U.S. dollars from the Asian Infrastructure Investment Bank, the report adds.

According to a statement by Zhanatas Wind-Power Station Limited Liability Partnership, the plant will deliver wind energy of 319 GWh per year and the project is expected to meet the electricity demand of about 1 million households, effectively alleviating power supply pressures in southern Kazakhstan.

The wind farm, whose total cost is estimated at 136.2 million U.S. dollars, is operated by China Power International Holding Limited, a subsidiary of State Power Investment Corporation.

The AIIB will provide the wind farm with 46.7 million dollars of loans, and the rest is to be funded by the sponsors and other financial institutions, according to an AIIB project summary.