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UPDATE - Total Eren building 128 MWp of PV in Kazakhstan

Solar park in Kazakhstan. Source: EBRD (www.ebrd.com).

July 5 (Renewables Now) - 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.

(KZT 100 = USD 0.260/EUR 0.231)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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