The cost of the project is KZT 46.1 bln. DBK provides a loan for 10.5 years in the amount of KZT 30.5 bln. DBK-Leasing, a subsidiary of DBK, also contributed to the project financing, which provided funds in the amount of KZT 3.6 bln in the form of financial leasing for the purchase of equipment. The borrower's own funds within the project financing will amount to KZT 12 bln.
The first phase of the 50 MW wind power plant is planned to be built by the middle of 2019. By this time the station will be provided with infrastructure facilities and is equipped with 15 wind power generators of V112-3.3MW type produced by Vestas company.
"The environmental aspect is an important component of the Project. The commissioning of this wind power plant will reduce greenhouse gas emissions by 230,000 tons per year, which exceeds the emissions of more than 113,000 cars per year. In the course of the Project implementation a set of new developments and technologies for wind energy conversion adapted to the climatic conditions of the region will be used," noted Ayzhan Bitebayeva, the Senior Banker of the Directorate for Customer Relations of DBK.
Once completed, the wind station can meet the needs of more than 10,000 families through renewable energy sources, thereby reducing the use of fossil fuels. "The project will contribute to the implementation of Kazakhstan's international commitments to reduce greenhouse gas emissions, and fully comply with our country's strategy for transition to a green economy," stressed Edil Saryev, the Deputy Director on technical issues of CAPEC Green Energy LLP.
During the construction of the WPP there will be created up to 300 jobs, to service the station - up to 20 permanent jobs.
"The use of renewable resources is promoted by the adopted Law "On Supporting the Use of Renewable Energy Sources "and "The Concept on the Transition of the Republic of Kazakhstan to the "Green Economy". Within the framework of the Single Program for Support and Development of Entrepreneurship "Business Roadmap-2020", one of the priority sectors of the economy is the production of electricity. In this regard, DBK-Leasing financed the project in the field of renewable energy sources," said Nurlan Baybazarov, the Chairman of the management Board of BRK-Leasing JSC.
DBK-Leasing JSC is a subsidiary of Development Bank of Kazakhstan JSC. The company provides leasing financing for investment projects within the impementation of state programs for industrial-innovative and infrastructural development.
CAPEC Green Energy LLP is a specialized company established to implement investment projects in the field of renewable energy sources.
