Gulshat Solar Power Plant
Project Description
The EBRD is considering provision of debt financing for construction, connection to the power transmission grid, commissioning and launch of a greenfield 48 MWp solar power plant located in the Karaganda region, Kazakhstan.
Project Objectives
The proposed operation will contribute to expansion of private sector and support further development of the evolving renewables sector in Kazakhstan.
Transition Impact
Through the Project the Bank will be able to: (a) facilitate achievement of the target on the share of renewable power generation at a country level (3% of total generation by 2020); (b) partially substitute carbon intensive power generation in the north; and (c) introduce a new foreign private
investor to the power sector of Kazakhstan.
It is expected the project will allow reduction of CO2 emission by 75,000 tons per annum.
Client Information
ACME CLEANTECH SOLUTIONS PRIVATE LIMITED
ACME Cleantech Solutions Private Limited is a private Indian holding company responsible for energy conservation, energy management and energy generation. Current projects portfolio of ACME Cleantech Solutions Private Limited is represented by over 1.1 GW of solar capacity in India (both operational and under construction).
EBRD Finance Summary
USD 30,000,000.00
EBRD senior loan of up to USD 30 million
Total Project Cost
USD 73,000,000.00
Environmental and Social Summary
Category B. Environmental and social issues associated with the project are site specific and can be readily assessed and mitigated based on an Environmental and Social Due Diligence (ESDD).
An independent consultant will be retained to undertaken the ESDD and verify the site sensitivity in terms of land use and environmental icontext. The ESDD will review the permitting process for the solar plant as well as the associated infrastructure. Based on the ESDD a SEP, NTS and ESAP will
be developed and agreed with the client.
The PSD will be updated based on the results of the ESDD and an NTS provided for the Project prior to Board consideration.
Technical Cooperation
TC assignments under the existing power sector framework programmes for technical and environmental due diligence and project preparation.
