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Samruk-Energy Wins Wind-Power Loan From Kazakh Development Bank

Samruk-Energy JSC (ENRG), a power company in Kazakhstan, won a 14.2 billion-tenge ($94 million) loan from the Eurasian Development Bank to build the nation’s first large-scale wind farm.

Construction of the $118 million plant in the Akmola province in north-central Kazakhstan will start in July, with first output due in December next year, Yulia Ostroukhova, a spokeswoman for the Almaty-based bank, said today in an e-mail.

Kazakhstan has adopted a clean-power plan aimed at driving an increase in wind-energy output before it hosts the EXPO 2017 world fair. The government seeks to expand renewable generating capacity to 1,040 megawatts by the end of the decade from 110 megawatts last year, according to a February announcement.

Samruk-Energy’s 45-megawatt facility will use 22 turbines made by Fuhrlaender AG of Germany, Ostroukhova said. The EDB’s loan has a 10-year maturity, according to the bank.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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