Kazakhstan: Zhanatas 100 MW Wind Power Plant (AIIB-000225)

Countries
  • Kazakhstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 13, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Zhanatas Wind-Power Station LLP
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 46.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 46.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 136.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jul 13, 2020

Disclosed by Bank Dec 12, 2019


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Project Description

The Asian Infrastructure Investment Bank (AIIB) has allocated 46,7 million USD to  Zhanatas Wind-Power Station LLP, Kazakhstan for development of Energy sector. The project is to develop, construct, and operate a 100 MW wind farm in Southern Kazakhstan, approximately 9 km southwest of Zhanatas in the Zhambyl region.

OBJECTIVE

The objective is to improve irrigation services and to strengthen accountability of irrigation schemes management in selected areas. This objective will be achieved through rehabilitation, revitalization and modernization of water resources and irrigation systems; institutional strengthening and improved management; and operation and maintenance of these systems. Also to mobilize private capital to promote use of renewable energy by investing in a 100 MW wind power project in Southern Kazakhstan. 

 

 

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Private Actors
Contact Information

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM).  The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint.  Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply.  You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.

PROJECT CONTACTS

Zhanatas Wind-Power Station LLP

Chase Cheng,Head of Planning and Financial Department,ccheng@cpibj.com.cn

http://en.cpihzhanatas.kz/