Translated version of this PSD: Russian
The Kazakhstan Renewables Framework Phase II (("Phase II" or "the Facility") will consist of up to €300 million in debt financing for renewable energy generation and grid transmission for the integration of renewable energy generation projects in Kazakhstan. The Facility will be accompanied by a programme of policy dialogue and technical cooperation activities.
The Kazakhstan Renewables Framework (the "Framework") was approved by the EBRD Board in December 2016 for the total amount of €200 million of the EBRD debt financing. The Framework is now 90 per cent utilised. The Framework was designed as a way of supporting the development of renewable energy projects and financing the modernisation and strengthening of the electricity grid to enhance the integration of renewables in Kazakhstan. Under the Framework, the EBRD supported 262 MW of solar generation capacity, one grid-strengthening project, and attracted four new international private investors into the Kazakh renewables market.
Phase II responds to the growing scale and maturity of the Kazakhstan renewable energy sector and is intended to catalyse the next stage in its development. The goal of Phase II is to support Kazakhstan in reaching its 2020 renewable energy target of 3 per cent of generation capacity, and also to accelerate the transition of the country's renewables regulatory regime to one based on the competitive tendering of renewables projects.
The Facility's transition impact stems from the following two transition qualities:
Green: The Facility will fund the development and financing of renewable energy generation assets and contribute to the reduction of CO2 emissions. In addition, Phase II will facilitate a policy dialogue to support the establishment of a carbon market in Kazakhstan and strengthen the competitive renewables tendering scheme including conducting wind auctions.
Inclusive: The Facility will also support women's access to economic opportunities in the renewable energy sector in Kazakhstan through the implementation of an enhanced capacity-building programme aimed at enabling women's access to high quality technical skills training.
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Each sub-project will be subject to the usual disclosure requirements depending on the categorisation and project specific environmental and social action plans (ESAP) will be developed to ensure the objectives of the Facility are met.
The Facility is expected to be supported by a comprehensive technical cooperation (TC) programme designed to provide both institutional and project support. The TCs will primarily focus on three aspects: 1) support for the competitive tendering/auctions of wind projects as part of the larger policy dialogue to strengthen the regulatory framework for auctions; 2) the development of a carbon market in country; and 3) the promotion of gender inclusion in renewable energy.
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