Sep 10, 2013 - China Development Bank will finance the construction of a 50-MW wind farm in Kazakhstan’s Pavlodar district, local news portal Tengrinews.kz said Monday, citing the governor.
According to the report, the wind projects is calling for an investment of KZT 15 billion (USD 98m/EUR 74m).
The financial support from China was outlined in a memorandum of mutual understanding and cooperation following cooperation talks at the foundation event for the Kazakhstan-Chinese Business Council.
Further details on the project, located some 100 km (62 miles) away from the town of Ekibastuz in northeastern Kazakhstan, were not revealed.
The Kazakhstan-Chinese Business Council’s first meeting took place on September 8.
(KZT 100 = USD 0.651/EUR 0.491)
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