New solar park launched in Kazakhstan's Karaganda

Business Materials 24 April 2019 15:29 (UTC +04:00)

Baku, Azerbaijan, April 24


A 40 MW solar power plant was launched in the Gulshat settlement that is situated in Karaganda region of Kazakhstan, Trend reports citing the Kazakhstan's Energy Ministry.

Reportedly, the construction of Gulshat project began on June 7, 2018 with an invested amount of $46 billion.

"With an invested amount of $46 billion the funding of the project mainly consisted of foreign direct investments of Risen Energy Co.Ltd., as well as of the European Bank for Reconstruction and Development’s long-term loan. Risen Energy’s 122 960 solar panels, as well as Huawei’s 265 smart general combiner boxes, Huawei’s 530 power inverters and TBEA’s 11 step-up transformers are installed at the solar plant. Furthermore, a 110/35 KV substation was constructed. The volume of annual estimated energy production is 58.6 million kWh," said the ministry.

Reportedly, Hi-Tech Kazakhstan Construction Company was hired for this project, the first Kazakh company involved in the renewable plant construction. The realization of the project brought more than 300 new job opportunities and 30 more will become available with the start of the operation of the plant, according to the ministry.

"Gulshat station’s maintenance and service agreement was signed at the opening ceremony. The agreement was signed by Risen Energy, a foreign investor and Hi-Tech Kazakhstan, the construction company," said the report.