Beijing, China, December 18, 2019
AIIB Invests in Central Asia’s Largest Wind Farm with First Project in Kazakhstan
The Asian Infrastructure Investment Bank (AIIB) has approved a USD46.7-million loan for the construction and operation of a 100-megawatt wind power plant in southern Kazakhstan which, when completed, will be the largest in Central Asia.
Located approximately nine kilometers southwest of Zhanatas in the southern Zhambyl region, the plant will, on a yearly basis, provide the country approximately 319 gigawatt hours of renewable energy and reduce carbon dioxide emissions by 260,623 tons.
The Zhanatas wind power plant is supported by a memorandum of understanding between AIIB and the Ministry of Energy of the Republic of Kazakhstan, which laid the foundation for greater cooperation on renewable energy project financing.
“Our investment in the largest wind power plant in the region reflects AIIB’s support for the Government of Kazakhstan’s transition to a “green economy,” which will advance efforts to meet the country’s commitments under the Paris Agreement,” said AIIB Vice President and Chief Investment Officer D.J. Pandian.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 100 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
Beijing, China, May 29, 2020
AIIB Approves USD750-M Loan to the Philippines for COVID-19 Response
As part of a coordinated international effort, the Asian Infrastructure Investment Bank (AIIB) has approved a USD750-million loan to the Philippines to stave off the worst public health and economic effects of the COVID-19 pandemic.READ MORE
Beijing, China, May 22, 2020
AIIB Approves EUR91.34 Million COVID-19 Emergency Assistance to Georgia
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of EUR91.34 million (approximately USD100 million equivalent) in support of an emergency project to help the Government of Georgia mitigate and address the health and social impacts of the COVID-19 pandemic.READ MORE