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 2023
  • 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 - 823 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

11 Sep 2019

07 May 2020

18 May 2020

Completed

08 May 2023 - 1,005 days to go

One region

  • Asia-Pacific

One country

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

GCF financing16% disbursed

InstrumentAmount
LoanUSD 106,000,000
GrantUSD 4,000,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingLoanUSD 214,000,000
Co-FinancingLoanUSD 93,000,000
Co-FinancingEquityUSD 137,000,000
Co-FinancingGrantUSD 3,000,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 10 4458 7751
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 6157
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155
Send e-mail

Accredited Entity

European Bank for Reconstruction and Development

Mr. Alexis Franke
Principal Manager | Deputy Pillar Head Donor Co-Financing
Mr. Jan-Willem Van de Ven
Associate Director, Energy Efficiency and Climate Change
One Exchange Square, London, United Kingdom
Phone +44 20 7338 7821
vandevej@ebrd.com

National Designated Authority

Kazakhstan

Ministry of Ecology, Geology and Natural Resources of the Republic of Kazakhstan

Akhmetzhan Primkulov
Vice-Minister of Ecology, Geology and Natural Resources
8, House of Ministries, Nur-Sultan, Kazakhstan
Phone +7 7172 740069
a.primkulov@ecogeo.gov.kz
Ainur Kopbayeva
Head of Adaptation to Climate Change Unit, Climate Policy and Green Technologies Department
Phone +7 7172 740293
a.kopbaeva@ecogeo.gov.kz
Olzhas Agabekov
Director of Climate Policy and Green Technologies Department
Phone +7 7172 740228
o.agabekov@ecogeo.gov.kz