English (UK)
BK Energy Limited, a subsidiary of TechnoGroupService LLP, has received support from the AIX Stock Exchange to issue green bonds for the financing of a 20 MW solar power plant.
Currently, the project is in an active phase: the design and estimate documentation has been completed and approved by the state expertise, all necessary permits have been obtained, and a 20-year power purchase agreement with annual tariff indexation has been signed.
The use of capital market instruments, including potential partnerships with the Astana International Financial Centre (AIFC) and DAMU Entrepreneurship Development Fund JSC (under discussion), will allow the project to be implemented in accordance with best international practices for sustainable finance.
This initiative aligns with the Development Strategy of Baiterek National Management Holding JSC for 2024–2033, which focuses on promoting eco-friendly investments and the development of high-tech industries in Kazakhstan.