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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Market

Kazakh Sovereign Wealth Fund Seeks $106 Million Solar Expansion

Posted on 06 November 2015

A unit of Kazakhstan’s sovereign wealth fund agreed to double capacity of a solar power plant to 100 megawatts at a cost of about $106 million. TOO Samruk-Kazyna Invest signed a deal with United Green Group to expand the capacity of their venture in the Zhambyl region of southern Kazakhstan, the Astana-based fund said by e-mail on Wednesday. Samruk-Kazyna didn’t say how the expansion will be financed.
Last year, Kazakhstan’s government set tariffs for energy produced by renewables in a bid to get 3 percent of electricity from cleaner sources by 2020. Kazakhstan, the largest oil producer in Central Asia, has sought development of renewable energy, including investment in solar panel production by state-run uranium producer Kazatomprom………………………………………..Full Article: Source


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