De-risking Renewable Energy Investment

Project Summary

To promote private-sector investment in large and small-scale renewable energy in order to achieve Kazakhstan’s 2030 renewable energy target

Project Details

GEF Project ID
9192
Project Type
Full-size Project
Status
Project Approved
Country
Kazakhstan
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
United Nations Development Programme
Executing Agencies
Ministry of Energy of Kazakhstan
GEF Period:
GEF - 6
Approval Fiscal Year:
2016

Financials

Project Preparation Grant Amount
150,000 USD
GEF Project Grant
4,510,000 USD
Co-financing Total
51,010,000 USD
GEF Agency Fees
428,450 USD
Total Cost 55,670,000.00 USD

Project Timeline

Received by GEF
21 Jul 2015
Preparation Grant Approved
15 Sep 2015
Concept Approved
01 Oct 2015
Project Approved for Implementation
18 Sep 2017
Project closed