Total Eren Access M-KAT Solar Power Project (ADB-52224-001)

Countries
  • Kazakhstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
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
Jan 14, 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
M-KAT Green Limited Liability Partnership
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)
$ 40.37 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 15310
Converted using 2019-01-14 exchange rate.
Loan Amount (USD)
$ 40.37 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 25, 2019

Disclosed by Bank Jan 15, 2019


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Project Description

According to ADB website, the project comprises the design, construction, commissioning, and operations and maintenance (O&M;) of a 135 megawatt (MW) (direct current) ground-mounted, solar power plant with single axis tracking system (along with associated infrastructure) and grid integration for further electricity sale per a fixed tariff. The project site is in southeastern Kazakhstan, about 3 kilometers (km) south of the town of Shu in the Jambyl Region and will cover 500 hectares. The main project components will include approximately photovoltaic panels, inverters, a substation and a 12 km 220 kilovolts (kV) transmission line to the existing 500kV substation. The total annual output from the project is expected to be 207 gigawatt-hours.

Investment Description
  • Asian Development Bank (ADB)
Private Actors
  • M-KAT GREEN LLP -- Implementing Company
Contact Information

No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main