The AIFC Green Finance Centre will participate in the project of gasification of thermal power plants in Almaty
Aidar Kazybayev, the Chief Executive Officer of the AIFC Green Finance Centre, held a meeting with Yerlan Kirkinbayev, the Chairman of the Management Board of Almaty Electric Stations JSC.
ALES JSC, affiliated to Samruk-Energy JSC, is the largest energy-producing organisation engaged in the production of heat and electricity for the population, industrial and agricultural enterprises in Almaty and Almaty region.
The Almaty TPP Gasification Project is the most important project to improve the air quality of Almaty and reduce harmful emissions. This project is under the personal control of the President of the Republic of Kazakhstan Kassym-Jomart Tokayev.
The Eurasian Development Bank has become an important financial partner of the Almaty TPP Gasification Project which intends to create comfortable conditions and financing schemes. The respective Agreement was signed between the Eurasian Development Bank and ALES JSC within the framework of the second Eurasian Forum in Moscow, on December 2, 2021.
Aidar Kazybayev proposed at the meeting a number of areas for cooperation, in particular, to attract the necessary funds to finance ALES’s green projects through the placement of green bonds, to conduct a technological audit in order to assess existing or projected technological solutions and develop recommendations on a set of organisational and technical measures necessary to improve the competitiveness of the enterprise. An agreement was also reached on planting trees together with the Eurasian Environmental Fund in the activity areas of the enterprise, as well as conducting workshops on project management for responsible employees and project managers of ALES.
The parties agreed to cooperate in the implementation of a number of projects for the reconstruction of Almaty TPP-3 using hydrogen, TPP-1 to increase capacity on gas, Kapshagai HPP, Cascade HPP (9 small HPPs) with the involvement of the Eurasian Development Bank.
In the near future, the parties will sign a corresponding bilateral Agreement containing the Plan of joint activities.
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The Astana International Financial Centre was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program.
The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020.
In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe.
The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region”.
The AIFC Green Finance Centre is an AIFC Organisation created to enable the development of green finance in Kazakhstan and Central Asia. The main goal is to bring investments to sustainable economy through trending financial instruments, such as green and social bonds.
In addition to that, the AIFC Green Finance Centre, being a regional think-tank, provides strategic and business consulting in green finance and sustainable development to Governments, quasi-state organisations and entrepreneurs. The Centre provides initial assistance to potential issuers, investors and market players on preparations for the issuance of green bonds on the AIFC Exchange (Astana International Exchange).
