FP047

GCF-EBRD Kazakhstan Renewables Framework

GCF-EBRD Kazakhstan Renewables Framework

  • Status Under implementation
  • Date approved 02 Oct 2017 at B.18
  • Est. completion 08 May 2025
  • ESS Category Category A

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.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

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 - 2,238 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 - 320 days to go

One region

  • Asia-Pacific

One country

USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing92% disbursed

InstrumentAmount
LoanUSD 106,000,000
GrantUSD 4,000,000
Total GCF Financing
USD 110,000,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 214,000,000
Co-FinancingLoanUSD 46,500,000
Co-FinancingEquityUSD 137,000,000
Co-FinancingGrantUSD 3,000,000
Co-FinancingLoanUSD 46,500,000
Total Co-Financing
USD 447,000,000

GCF Contacts

General media inquiries

GCF Communications
Send e-mail

Request for information

GCF Information Disclosure
Request 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

Accredited Entity

European Bank for Reconstruction and Development
Mr. Alexis Franke
Primary

Associate Director, Pillar Head, Donor Partnerships
European Bank for Reconstruction and Development, 5 Bank Street, London, E14 4BG, United Kingdom
Ms. Elodie Loppé
Secondary

Associate Manager, Donor Partnerships
European Bank for Reconstruction and Development, 5 Bank Street, London, E14 4BG, United Kingdom
More contacts

National Designated Authority

Kazakhstan
Ministry of Ecology and Natural Resources of the Republic of Kazakhstan
Mr. Mansur Oshurbayev Primary
Vice-Minister
Mangilik el ave, 8, House of Ministries, 14 entrance, office 433, Astana, Kazakhstan
Phone +7(7172) 740257
m.oshurbaev@ecogeo.gov.kz
Mrs. Saule Sabieva Secondary
Director of Climate Policy Department
Phone +7 7172 74 02 58
Phone +7 7172 74 02 28
s.sabieva@ecogeo.gov.kz
Mrs. Aizhan Mamedaliyeva Operational focal point
Chief expert of Adaptation to Climate Change Unit, Climate Policy Department
Phone +7(7172) 740812
a.mamedaliyeva@ecogeo.gov.kz
Mrs. Shattyk Tastemirova Operational focal point
Head of Adaptation to Climate Change Unit, Climate Policy Department
Phone +7(7172) 740293
sh.tastemirova@ecogeo.gov.kz

Documents