UPDATE - Total Eren building 128 MWp of PV in Kazakhstan
Solar park in Kazakhstan. Source: EBRD (www.ebrd.com).
Paris-based independent power producer Total Eren said on Wednesday it is constructing two solar photovoltaic (PV) plants in Kazakhstan with a combined capacity of 128 MWp.
More specifically, the company is working on the 28-MWp Nomad and 100-MWp M-KAT projects, which, together, require an investment of about KZT 59.7 billion (USD 155m/EUR 138m).
The smaller project is located close to the village of Zhalagash in the Kyzylorda region. The European Bank for Reconstruction and Development (EBRD) has provided a KZT-9.8-billion loan for that scheme.
As announced separately, the Asian Development Bank and the EBRD are co-financing the M-KAT project, located next to the village of Shu in the Zhambyl region, with respective loans of KZT 11.3 billion and KZT 21.5 billion.
Both projects will benefit from 15-year power purchase agreements (PPAs) with the Financial Settlement Center for Renewable Energy Sources (FSC). Metka EGN, a unit of Greek industrial company Mytilineos SA, acts as engineering, procurement and construction (EPC) contractor.
Completion of the plants is expected by the end of the year.