Press room

“Zhuzimdik” 150 MW wind power plant will be built in Turkistan Region. Investment project was initiate at COP31 international climate conference in Antalya, where a tripartite financing agreement was signed.As part of the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31) Antalya saw the signing of a tripartite agreement by Halyk Bank, Development Bank of Kazakhstan and Kazakhstan Utility Systems to finance construction of “Zhuzimdik” wind power plant. "Zhuzimdik" project in Baidibek district of Turkistan Region will be implemented by Kazakhstan UtilitySystems LLP, which is a part of Ordabassy Group. Construction of the plant will expand renewable generation capacities in the south of the country and complement the company's investment program for development of Kazakhstan's energy infrastructure.

“Zhuzimdik” wind power will be built in stages. The first stage provides for installation of 20 wind turbines with a capacity of 7.5 MW each, construction of a 35/220 kV substation, as well as a 220 kV overhead power line approximately 22 kilometers in length. Construction is scheduled to begin in March 2027, and commissioning of the first stage of the wind power plant is expected in September 2028.

“Financing large projects which are important for development of Kazakhstan is one of Halyk's priorities. We consistently support investments that help to modernize the infrastructure and create conditions for long-term economic growth. Energy takes a special place in this work. The opportunities for the growth of industry, business and regions depend on its development. We are proud that we can contribute to creation of new generating capacities and development of renewable energy in the country”, noted Umut Shayakhmetova, CEO of Halyk Bank.

For Kazakhstan Utility Systems group of companies– this is a part of long-term work to create new generation. Development of wind energy complements the modernization of the company's existing power plants and network infrastructure, allowing for expansion of electricity production sources. Dinmukhamet Idrissov, Chairman of the Supervisory Board of Kazakhstan Utility Systems noted the strategic importance of the project for further development of the company and country's energy sector. “We consider development of energy as a long-term business responsibility to the country. Therefore, we are modernizing existing stations and networks, investing in new generation. “Zhuzimdik” is a part of this work: in the first stage, we plan to create 150 MW of wind capacity with prospect of expanding to 350 MW. We are investing funds and are responsible for the project's implementation. I thank Halyk Bank and Development Bank of Kazakhstan for their trust and partnership. Together, we are creating an energy infrastructure that will ensure the development of Kazakhstan's economy for decades to come”, – noted Dinmukhamet Idrissov.

Development Bank of Kazakhstan noted that support of the projects in the area of renewable energy is an important direction for financing investment initiatives that contribute to the sustainable economic development of the country. "To meet the growing needs of the economy, Kazakhstan requires new generating capacities. Joint financing allows for the combination of resources from a state development institution and a commercial bank to implement the capital-intensive project "Zhuzimdik" and raise additional investment into the development of the country's renewable energy", noted Marat Yelibayev, CEO of Development Bank of Kazakhstan.

Signing the agreement at COP31 links the climate agenda with investment into energy infrastructure, combining the efforts of financial institutions and energy companies to implement projects aimed at sustainable development and transition to a low-carbon economy. Commissioning of “Zhuzimdik” wind power plant will increase electricity production from renewable sources, diversify the energy balance of Turkistan Region, and contribute to achievement of Kazakhstan's long-term environmental and energy goals.