Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Almaty, January 5 (Xinhua) — The European Bank for Reconstruction and Development (EBRD) will provide a loan of up to 25 million euros (in tenge equivalent) to Sarens Kazakhstan to develop industrial infrastructure in the renewable energy and logistics sectors in Kazakhstan and Central Asia, the EBRD press service reported on Monday.
The company specializes in leasing lifting equipment and handling heavy cargo. The funds will reportedly be used to purchase heavy-duty cranes, a fleet of trailers, and other specialized equipment.
Equipment purchased with the EBRD loan is expected to help increase installed wind power capacity by at least 11.75 GW. This will contribute to the Kazakh government's plan to increase the share of renewable energy in the country's total electricity generation to 15% by 2030.
Since the start of its operations, the EBRD has invested almost €10.3 billion in Kazakhstan through 342 projects, with the majority of funds directed towards supporting private entrepreneurship.
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