Zhanatas Wind gets major DFI support
The EBRD, AIIB, Industrial and Commercial Bank of China (ICBC) and Green Climate Fund (GCF) are providing around $94 million of debt for the Zhanatas wind project in Kazakhstan. Structured via Zhanatas Wind-Power Station - a special purpose company run and owned by China Power International Holding in partnership with Dutch alternative asset manager Visor Investments Cooperatif - the financing comprises $24.8 million (in KZT equivalent) from the EBRD, $34.3 million loan from the AIIB, $13.3 million from ICBC and a concessional loan of up to $22.9 million from the GCF.
The wind farm will be built near the town of Zhanatas in southern Kazakhstan. As part of the project, the sponsors will also build a 8.6 km 100-kV single-circuit line connecting the wind farm to the national grid.
