More details on Zhanatas wind DFI-backed loan
Sponsors of the 100MW Zhanatas onshore wind farm in Kazakhstan – China Power International Holding (80%) and Visor Investments Cooperative (20%) – closed the funds backing the scheme on 26 October.
Structured via SPV Zhanatas Wind-Power Station, the greenfield project has an estimated total cost of $140 million. Shanghai-headquartered Envision Energy will supply 40x 2.5MW turbines. Sinohydro is EPC contractor. Construction began in July 2019, with commercial operation initially scheduled for year-end 2020.
Financed on a debt-to-equity ratio of 68/32, the debt will be provided by the EBRD - $24.8 million (in Tenge equivalent), signed August 2020; AIIB - $34.3 million, approved December 2019; ICBC - $13.3 million; and Green Climate Fund via a $22.9 million concessional loan. Grata International is providing sponsors’ legal counsel ,while EcoSocio Analysts will act on environmental and social matters.
