The proposed plant in western Kazakhstan will enable the generation of green electricity and reduce deposits of waste that end up as landfill.
Co-financed by the Clean Technology Fund, which is offering an $8m loan, the facility will also be supported by a capital grant from the state’s budget.
Commenting on the facility EBRD Kazakhstan director Janet Heckman remarked that the country will now modernise the Soviet-built infrastructure to produce energy from waste.
"Kazakhstan wants to start thinking green. The country inherited crumbling, inefficient Soviet-built infrastructure, and it will take a big effort to modernise it. However projects like these – where a city in the oil-rich Mangystau region is striving to produce energy from waste and builds modern, innovative facilities – are a sign that the dream of a green economy is taking hold in the regions, not just in the capital," said Heckman.
The facility also received €300,000 from the Korean Donor Fund in addition to €800,000 from EBRD Shareholder Special Fund to execute project management, design, engineering, training, operational improvements and other associated spendings.
