Completed Mixed AidData Chinese Aid

CDB provides $120 million loan for 60MW Shelek Wind Power Plant Project

$120M USD

Funder	China Development Bank (CDB)
Recipient Organization	Energiya-Semirechya LLP
Country	Kazakhstan
Start Date	Jan 01, 2019
End Date	Aug 30, 2030
Duration	4,259 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`39539`

Grant Description

CDB provides $120 million loan for 60MW Shelek Wind Power Plant Project On August 31, 2015, the Development Bank of Kazakhstan JSC (DBK) signed a framework agreement on the organization of funding between Kazakh state-owned “Samruk-Energy” JSC and China Development Bank (CDB) for the Shelek Wind Power Plant Project.

Under the terms of this agreement, CDB agreed to provide $120 million and DBK agreed to provide $35 million to Energiya-Semirechya LLP — a special purpose vehicle and joint venture of Hydrochina Corporation (50% equity stake), Samruk Energy JSC (25% equity stake), Powerchina Chengdu Engineering Corporation (15% equity stake), and Powerchina Resources Ltd (10% equity stake) — for the implementation of this project.

The purpose of the project was to construct a wind farm in the village of Shelek, in the Enbekshikazakh District of the Almaty Region.

The project also involved the construction of a substation (SS-110/35kV "WPP Shelek 60MW”), a 110kV overhead line from SS-110/35kV "WPP Shelek 60MW" to SS-220/110/10kV 68I "Shelek”, and a 35kV overhead line.

The wind farm was expected to 60 MW of power generation capacity upon completion, with capacity for expansion to 300 MW. “Samruk-Energy” JSC and Power Construction Corporation of China Ltd. were responsible for project implementation.

The project also relied on Xinjiang Goldwind Science & Technology's Co., Ltd. to obtain and install 24 units of GW 130-2.5MW smart wind turbines. Construction began on June 27, 2019. However, the first phase of the Shelek 60 MW wind power project was not officially launched until July 24, 2019. In mid-June, 2021, the first batch of equipment was delivered to the construction site.

Then, on November 18, 2021, the first wind turbine unit was hoisting into place. The wind farm was ultimately put into operation on September 12, 2022. It was originally expected to be put into operation in August 2022.

As part of the wind farm’s official commissioning activities, a Memorandum of Cooperation was signed by “Samruk-Kazyna” JSC and Power Construction Corporation of China Ltd., which states that a second phase of of the project will be undertaken to increase the wind farm’s power generation capacity from 60MW to 300 MW.

📋 Staff Comments

The Chinese project title is 谢列克风电项目 or 谢列克项目 or 谢列克一期60MW风电项目. The Kazakh project title is Шелек дәлізінде жел электр станциясын салу or «Шелек дәлізінде қуаты 60 МВт, болашақта 300 МВт-ға дейін кеңейтілетін жел электр станциясын салу».
“Samruk-Energy” JSC is the largest power holding company in Kazakhstan, 100% owned by “Samruk-Kazyna” SWF” JSC. It was established in 2007. Key business lines are electricity and heat production; transmission, distribution and sale of electricity, power coal mining. The Company was established in 2007, “Samruk-Kazyna” SWF” JSC holds 100% of shares. The holding company comprises energy and coal enterprises, including “Ekibastuz SDPP-1” LLP, “Ekibastuz SDPP-2 Plant” JSC, “Bogatyr Komir” LLP, “Almaty Power Plants” JSC, “Moynak HPP” JSC, “Shardarinsk HPP” JSC, etc.
Some sources suggest that HYDROCHINA Shelek Power (Hong Kong) Co., Limited (中國水電顧問集團謝列克(香港)投資有限公司) — a wholly-owned subsidiary of PCR that was established in Hong Kong between August 2019 and December 2019 — is the borrowing institution rather than Energiya-Semirechya LLP is not the borrowing institution. This issue warrants further investigation.
For the time being, AidData assumes that the CDB loan was issued in the first year of construction (2019).

📚 Sources & References

萨姆鲁克卡泽纳基金同中国公司签署价值51亿美元协议
China
Kazakhstan sign 30 cooperation accords in multiple sectors
MISCELLANEOUS
China boosts investment in Kazakh energy projects, 'Energia Semirechia” LLP
Goldwind’s GW 2.5MW PMDD Smart Wind Turbines Entered Kazakhstan in Batches
Wind power in Kazakhstan: Goldwind’s GW 2.5MW PMDD Smart Wind Turbines
About us, Алматы облысының Шелек ауылында қытай капиталының қатысуымен жел электр стансасы құрылғысы салынады (ФОТО)
Project 'Construction of 60 MW wind power plant in the Shelek corridor including a possible increase up to 300 MW', 'Samruk-Kazyna' signed agreements with Chinese companies totaling $ 5.1 bln
The project 'Construction of a wind power plant with a capacity of 60 MW in the Shelek Corridor, which will be expanded to 300 MW in the future'
In 2022, a new wind power plant will start operating in the Shelek Corridor
A new wind power plant in the Shelek corridor will operate in 2022
Condensed Consolidated Interim Financial Statements (unaudited)
Shelek (Energia Semirechya) wind farm
POWERCHINA RESOURCES owns 75% of the Power Station in Myanmar
The power generation ceremony was held for the Selek Wind Power Project in Kazakhstan
China News Agency: Sherek wind power project put into operation Chinese enterprises help Kazakhstan 'carbon reduction'
Power China Kazakhstan Shelek Wind Power Project held a power generation ceremony to present the 30th anniversary of the establishment of diplomatic relations between China and Kazakhstan
The Level of Injuries in the Samruk-Kazyna Group to Have Declined by 16%
The power generation ceremony was held for the Selek Wind Power Project in Kazakhstan
The first batch of units of the Shelek Wind Farm Project in Kazakhstan were successfully connected to the grid for power generation
POWERCHINA Plays a Role in China-Kazakhstan Cooperation, «Самұрық-Қазына» АҚ компаниялары тобы қытай компанияларымен жалпы сомасы 5,1 млрд. долларлық келісім шарттар жасасты
DBK 2015 Annual Report, 2021 Annual Report Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Energiya-Semirechya LLP

Interested in applying for this grant?

Complete our application form to express your interest and we'll guide you through the process.

Apply for This Grant