November 4 (Renewables Now) - The Eurasian Development Bank (EDB) will provide a KZT-23.2-billion (USD 59.6m/EUR 53.4m) loan to support the construction of a 50-MW wind farm in Kazakhstan.
The lender has signed an agreement with Ereymentau Wind Power, owned by local energy holding company Samruk-Energy JSC, for the particular loan, it said on Friday.
The project that will benefit from the loan will be realised at a site near the town of Ereymentau, Akmola Region. According to information on Samruk-Energy's website, there is the possibility to expand that plant to 300 MW.
EDB noted that it financed the construction of a 45-MW wind park in the same region of Kazakhstan back in 2013, also developed by a unit of Samruk-Energy.
(KZT 10 = USD 0.257/EUR 0.230)