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.

 

About AIIB

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.

Logos for Download

AIIB logo is available in JPEG and PDF format.

DOWNLOAD

Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683

SEND AN EMAIL
More News Articles

Seville, July 02, 2025

AIIB, EBRD renew agreement strengthening collaboration on sustainable infrastructure development

AIIB President Jin Liqun and EBRD President Odile Renaud-Basso signed a memorandum of understanding on the sidelines of the Fourth International Conference on Financing for Development (FFD4) in Seville to strengthen their collaboration on sustainable infrastructure development.

READ MORE

Seville, July 01, 2025

Sevilla Platform of Action Launched to Scale Country-Led Financing Approaches for Sustainable Development and Climate

Amid rising debt stress, limited fiscal space and escalating climate threats, country ownership of the development process is more important than ever. At the Fourth International Conference on Financing for Development (FFD4), two initiatives were launched under the Sevilla Platform of Action (SPA) to scale country-driven approaches to financing sustainable development and climate action and coordinate international support through the Global Financing Playbook.

READ MORE

Seville, June 30, 2025

AIIB and Arab Fund Forge Strategic Partnership to Advance Sustainable Infrastructure Development

The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have formalized a strategic partnership through the signing of a memorandum of understanding aimed at deepening cooperation and accelerating the delivery of sustainable infrastructure across shared priority regions.

READ MORE

Paris, June 30, 2025

African Development Bank, AIIB sign MOU renewing their collaboration on sustainable economic development for Africa

The African Development Bank and the Asian Infrastructure Investment Bank (AIIB) on Saturday signed an agreement strengthening their collaboration on sustainable economic development, designed to boost infrastructure development and economic opportunities across the African continent.

READ MORE