/KASE, December 9, 2024/ – Development Bank of Kazakhstan KSC (KASE
ticker – BRKZ) has announced the following:
quote
December 9, 2024
An ambitious project – a 150 MW wind power plant (WPP) in the town of
Khromtau is starting to be commissioned in the Aktobe region. The construction
of the Khromtau wind power plant is part of a national strategy to increase the
share of renewable energy in the country's energy mix.
WPP is an example of a successful synthesis of environmental, economic and
social components. Electricity from the wind power plant will make it possible
to make Kazakhstan's ferro-alloys, which are produced by ERG enterprises,
"green".
In addition, the project will have a significant positive impact on the
environment and economy of the region. It is expected to create 300 jobs during
the construction phase and 25 permanent jobs once the plant is commissioned.
The total cost of the project is USD 178 mln. Funds are allocated by Kazakhstan
Electrolysis Plant JSC (a member of ERG group) and Development Bank of
Kazakhstan JSC. As part of the project implementation, the Bank will finance
construction and installation works, equipment purchase, start-up and
commissioning works (EPC-contract, technical supervision, expertise, etc.) on
market terms in foreign currency. The first stream of green electricity will be
released to the grid at the end of December 2024 from two wind turbines. The
station is scheduled to be fully operational by the end of 2025.
DBK supports strategically important initiatives, including green projects aimed
at reducing carbon footprint, which is in line with Kazakhstan's commitments
under the Paris Agreement and the long-term goal of achieving carbon neutrality
in 2060.
In addition, in Khromtau, a sludge tailings (primary production waste) recycling
project – ERG Green – is being implemented at the Donskoy MPP with financial
support from DBK.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_091224_1.pdf
[2024-12-09]