Luxembourg-based company plans wind farm in Kazakhstan with Chinese enterprise

Eurasian Resources Group (ERG), a natural resources group headquartered in Luxembourg, said recently it's planning another wind farm project in Kazakhstan with power company China Huadian Corp Ltd and Kazakhstan's power company Argestus, as it continues to consider partnerships for the development of renewable energy sources.

The newly built wind power plant will be located near the city of Ekibastuz in the Pavlodar region. With an installed capacity of 200 megawatts and investment of approximately $176 million, the facility is expected to finish construction by end-2026.

"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 build 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 CEO and chairman of the board of managers.

The move came after ERG's earlier announced project to build a 150 MW wind farm in Chromtau in the Aktobe region of Kazakhstan.