GCF-EBRD Kazakhstan Renewables Framework
Supporting the construction of 8-11 renewable energy projects in Kazakhstan, with a total capacity of 330 MW.
Around 91% of Kazakhstan’s electricity is generated from fossil fuels, making it one of the largest emitters of greenhouse gases in Central Asia. Diversification of energy sources, and the decarbonisation of the economy is a priority of the Kazakhstan government, which is introducing feed-in tariffs and an auction scheme to promote this transition. However, lack of appropriate financing mechanisms has delayed the development of new projects to respond to these policies. GCF’s investment will scale-up investment in renewables, crowding-in low-carbon investors through a programme of investment, and creating a viable alternative to cheap coal-based power. The programme will also provide technical assistance, building institutional capacity for energy integration, policies and planning.
The project has an estimated lifespan of 20 years.
Project timeline
Pipeline
22 Dec 2016 • 285 days
Concept note received
22 Dec 2016
Funding proposal received
31 Jan 2017
Cleared by iTAP
18 Sep 2017
Approved
02 Oct 2017 • 219 days
Approved by GCF Board
02 Oct 2017
Legal opinion on AE's Internal Approval
25 Jan 2018
FAA executed
30 Mar 2018
Under implementation
08 May 2018 • 2,567 days so far
FAA effective
08 May 2018
Disbursement - USD 86,700,000
22 Jun 2018
Annual Performance Report
01 Mar 2019
Disbursement - USD 3,000,000
11 Sep 2019
Disbursement - USD 11,850,000
19 Oct 2021
To be completed
08 May 2025
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing92% disbursed
| Instrument | Amount |
|---|---|
| Loan | USD 106,000,000 |
| Grant | USD 4,000,000 |
| Total GCF Financing |
|---|
| USD 110,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 214,000,000 |
| Co-Financing | Loan | USD 46,500,000 |
| Co-Financing | Equity | USD 137,000,000 |
| Co-Financing | Grant | USD 3,000,000 |
| Co-Financing | Loan | USD 46,500,000 |
| Total Co-Financing |
|---|
| USD 447,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
European Bank for Reconstruction and Development
Associate Director, Pillar Head, Donor Partnerships
European Bank for Reconstruction and Development, 5 Bank Street, London, E14 4BG, United Kingdom
Associate Manager, Donor Partnerships
European Bank for Reconstruction and Development, 5 Bank Street, London, E14 4BG, United Kingdom
More contacts
National Designated Authority
Ministry of Ecology and Natural Resources of the Republic of Kazakhstan
Vice-Minister
Mangilik el ave, 8, House of Ministries, 14 entrance, office 433, Astana, Kazakhstan
Director of Climate Policy Department
Chief expert of Adaptation to Climate Change Unit, Climate Policy Department
Head of Adaptation to Climate Change Unit, Climate Policy Department
Documents
| Title | Type | Date |
|---|---|---|
| Gender assessment for FP047: GCF-EBRD Kazakhstan Renewables Framework | Gender assessment | 31 Jan 2018 |
| Gender action plan for FP047: GCF-EBRD Kazakhstan Renewables Framework | Gender action plan | 31 Jan 2018 |
| GCF-EBRD Kazakhstan Renewables Framework | Approved funding proposal | 08 Nov 2017 |
| Environmental and social safeguards (ESS) report for FP047: GCF-EBRD Kazakhstan Renewables Framework | Environmental and Social Safeguards report | 12 Sep 2017 |