BAKU, Azerbaijan, Nov.29
By Nargiz Sadikhova - Trend:
The Asian Infrastructure Investment Bank (AIIB) and Kazakhstan’s Ministry of Energy agreed on cooperation and support of using renewable energy sources (RES) in Kazakhstan, Trend reports with reference to the press office of the ministry.
Signed on November 28, the memorandum of understanding oversees development of cooperation between the ministry and the AIIB in RES sector and oversees ministry’s support of AIIB in this area.
As the parties note, the projects in RES have significant importance for decrease of harm to the environment.
Thus, parties agreed to cooperate in improving institutional base and key conditions for attraction of AIIB funding, as well as of other international financial institute and private investors in Kazakh economy.
“AIIB is actively working on funding a number of projects in area of RES in Kazakhstan. The memorandum signing forms a solid foundation for AIIB participation in these projects,” the report said.
Furthermore, the first RES project in Kazakhstan approved by AIIB is the project for construction of a Zhanatas wind park of 100 MW capacity in Kazakhstan’s Zhambyl region.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, AIIB began operations in January 2016 and has now grown to 100 approved members worldwide.
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