Posted by Paul Moore on 10th December 2024
Eurasian Resources Group (ERG), the leading diversified natural resources group headquartered in Luxembourg, said recently that it continues to consider partnerships for the development of renewable energy sources and plans to build another wind farm in Kazakhstan, where its core mining operations are located.
A new project will involve the construction of a wind power plant near the city of Ekibastuz in the Pavlodar region with China’s Huadian and Kazakhstan’s Argestus. The production facility with an installed capacity of 200 MW it adds can be built by the end of 2026. Total investments in this project will amount approximately US$176 million.
“The use of alternative and renewable energy sources is one of ERG’s main focus areas. We are building our first wind farm in the Aktobe Region, and we are pleased to announce a new green project. Aligned with the ESG principles, our actions to building wind power farms in Kazakhstan should contribute to the achievement of the country’s ambitious goal to further reducing the carbon footprint of its products,” said Shukhrat Ibragimov, ERG’s Chief Executive Officer and Chairman of the Board of Managers.
The current initiative is in addition to ERG’s earlier announced project to build a 150 MW wind farm in Chromtau in the Aktobe Region of Kazakhstan. Ekibastuz is the location of ERG’s Vostochny coal mine, which is part of Eurasian Energy Corporation JSC and produces 18 Mt of thermal coat per year for the Aksu power plant.