EBRD is boosting its support for renewable energy in Kazakhstan
The European Bank for Reconstruction and Development is boosting its support for renewable energy in Kazakhstan. The EBRD Board of Directors has approved a financing framework of up to €200 million. This will be used to finance primarily private renewable energy projects within the next five years. Today Kazakhstan has 55 green energy facilities. Another 52 facilities are planned to be put into operation by the end of 2020.
HELENA SCHWEIGER, SENIOR ECONOMIST, EBRD:
- Kazakhstan is among top 20 most carbon, most energy intensive countries in the world. Even though it has managed to reduce greenhouse gas emissions since early years of transition. The good news is that Kazakhstan is one of the advanced countries outside of the EU countries, in the EBRD region.
Kazakhstan and South Korea are expanding cooperation in renewable energy. The joint green projects will include development of environmentally-friendly transport and energy-independent houses in Kazakhstan. Head of Green Technologies and Investment Projects Center, Rapil Zhoshybayev discussed the prospects for cooperation between the two countries in Seoul. Currently, the two republics are developing a memorandum of cooperation. The draft document is prepared for the visit of President of South Korea Moon Jae-in to Astana in May of this year.
OH IN-HWAN, PRESIDENT, GREEN TECHNOLOGY CENTER OF SOUTH KOREA:
- To date, the use of green energy in Korea is not so high. We use 30% of nuclear, 30% of coal, 20% of gas and less than 10% of renewable energy. By 2030, we plan to increase the use of green energy to 30%. The government's policy is to reduce nuclear and coal energy and increase the use of renewables by 20%, specifically, solar and wind.
Kazakhstan’s plans of using renewables are ambitious. The country is actively promoting the green projects thanks to the Astana Expo 2017. The Center of Green Technologies has also been established in the republic. The center’s staff is now learning the world’s best practices.
RAPIL ZHOSHYBAYEV, HEAD, CENTER FOR GREEN TECHNOLOGIES AND INVESTMENT PROJECTS:
- There is a very large experience of using gas in transport. By being aware about the great opportunities for the gas industry in Kazakhstan, South Koreans are offering their projects to be introduced in our country. Such centers work very closely with science. This is an extension of the scientific base since they have scientists in this area. The Association of Kazakhstan’s Environmental Organizations will play an important role. There are hundreds of members already.
The center also intends to work with the Astana International Financial Center to attract investors. With the world's leading energy organizations, Kazakhstan plans to create the Central Asian hub of green technologies.