In order to support Kazakhstan’s plans for a more diversified energy mix, the EBRD is financing the Zhangiz Solar LLP for the development, construction and operation of the 30MW installation. Image: EBRD

In order to support Kazakhstan’s plans for a more diversified energy mix, the EBRD is financing the Zhangiz Solar LLP for the development, construction and operation of the 30MW installation. Image: EBRD

The European Bank for Reconstruction and Development (EBRD) has awarded Pöyry with the Lender’s Engineering services assignment for a complete technical due diligence, follow up of construction and monitoring operational activities on the 30MW Zhangiz Solar solar installation, which will be located in the East Kazakhstan region.

In order to support Kazakhstan’s plans for a more diversified energy mix, the EBRD is financing the Zhangiz Solar LLP for the development, construction and operation of the 30MW installation. Zhangiz Solar is fully owned by Mistral PTE, which is part of the Chinese company, Universal Energy Co. Ltd.

Pöyry will serve as Lender's Technical Advisor for the EBRD to provide Technical Due Diligence, which includes the technical analysis of the environment and infrastructure of the PV plant site, risk assessment, review of pre-existing documents and advice during the negotiation of financing documents, and for the period leading up to signature of the loan agreements and the financial close. Pöyry will also keep tabs on the status of the site for the following two years after it begins operations.

Alessio Giuffra, managing director of Pöyry Italy, Energy Business Group, said: “We are proud to be the EBRD's selected advisors in this Solar PV project. By executing this project using our combined international resources, we're able to provide the EBRD with the best engineering solutions and technological knowledge. We look forward to continuing our important role in sustaining the EBRD investment plan, and in general the world transition to renewable energy”.

Tags: ebrd, kazakhstan, poyry

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