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Investment in Energy Saving: Start-up of Wind Generator and Solar Batteries in Aktyubinskaya oblast

Investment in Energy Saving: Start-up of Wind Generator and Solar Batteries in Aktyubinskaya oblast 30.11.2013 The new trend of “KazAgroFinance” JSC for financing of the energy-saving technologies has been launched in 2013. The Company has started financing the facilities designated for electric power generation, such as the domestic and foreign wind generators and solar panels, and the solar pumps to actively assist the agricultural producers, as well as to save the natural resources of the country. The farmers in Aktyubinskaya oblast were the first ones, who showed interest in this innovation, and they decided to apply it within their farms. The first hybrid system (wind and sun) to the amount of KZT5.5 mln., financed by “KazAgroFinance” JSC, has been installed at Farm “Merei and K” in Baiganinskiy region, Aktyubinskaya oblast (50 km from the settlement). Only thanks to “wind and solar energy” the sheep farm, located far away from the electrical grids, has an opportunity to obtain up to 5 kilowatt per hour. These capacities are enough to ensure the operation of the water pump, full lighting of the base, using of TV, refrigerator and small household electrical appliances. Terms of leasing: For the account of out-of-budget funds Designated purpose: domestic and foreign facilities for electric power generation using the renewable sources of energy, wind pumps Interest rate: 8.0% p.a. Annual effective rate: from 7.9% p.a. Term of leasing: up to 10 years

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