Nur-Sultan, Kazakhstan, November 28, 2019

Signing of the Memorandum of Understanding between AIIB and the Ministry of Energy of the Republic of Kazakhstan

On Nov. 28, 2019, Asian Infrastructure Investment Bank (AIIB) Director General of Investment Operations Yee Ean Pang and the Acting Minister Makhambet Dosmukhambetov of the Ministry of Energy of the Republic of Kazakhstan signed a Memorandum of Understanding (MOU) to enhance the investing environment for renewable energy in Kazakhstan.

Based on its expertise, AIIB will assist the Ministry to develop its renewable energy capacity by supporting the institutional development of the sector and the application of modern mechanisms for project financing.

The Ministry and AIIB acknowledge that renewable energy projects have significant importance to help the government meet its commitments under the Paris Agreement. The signing of the MOU sets the foundation for AIIB to finance renewable energy projects in the country.

One project under consideration by AIIB’s Board of Directors is to develop, construct, and operate a 100 MW wind farm in Southern Kazakhstan, approximately 9 km southwest of Zhanatas in the Zhambyl region.

Additional information about the project can be found here.

 

VIEW MORE NEWS SUBSCRIBE TO RSS FEED

Logos for Download

AIIB logo is available in JPEG and PDF format.

DOWNLOAD

Media Contact

Lingxiao He

Senior Communications Officer (Media)

+86 10 8358 0683

SEND AN EMAIL
More News Articles

Beijing, July 21, 2026

Registration Opens for AIIB’s 11th Annual Meeting in Doha, Qatar

Registration is now open for AIIB’s 11th Annual Meeting in Doha, Qatar, on September 28–29, 2026. Under the theme “Tomorrow’s Infrastructure: Impact and Innovation,” the event will bring together global leaders and stakeholders to discuss the future of sustainable infrastructure and development.

READ MORE

Beijing, July 21, 2026

AIIB Approves up to USD1.5 Billion Financing for Istanbul North Rail Crossing Project in Türkiye

AIIB has approved up to USD1.5 billion in financing for the Istanbul North Rail Crossing Project (INRAIL) in Türkiye, a transformative rail investment that will strengthen cross-Bosphorus connectivity, improve freight and passenger transport efficiency, and support greener, more resilient regional transport networks.

READ MORE

Beijing, July 17, 2026

Carmen Nonay Appointed as Managing Director of the Complaints-resolution, Evaluation and Integrity Unit

The Asian Infrastructure Investment Bank (AIIB) has appointed Carmen Nonay as Managing Director of the Complaints-resolution, Evaluation and Integrity Unit (CEIU), effective July 15, 2026. Nonay will report directly to AIIB’s Board of Directors as part of the Bank’s Oversight Mechanism. She will lead implementation of the Project-affected People’s Mechanism and compliance with the Environmental and Social Policy; oversee the learning and evaluation function; and ensure that anti-fraud and corruption work is carried out in accordance with the Policy on Prohibited Practices.

READ MORE

Beijing, July 13, 2026

Multilateral development banks increase climate finance to record USD163 billion in 2025, supporting climate-resilient and sustainable growth

Multilateral development banks (MDBs) including the Asian Infrastructure Investment Bank (AIIB) increased climate finance to record levels in 2025, reinforcing their role in supporting climate-resilient and sustainable economies. Climate finance by MDBs in low- and middle-income countries jumped 21% from the previous year to an all-time high of USD103 billion while MDB climate finance across all countries of operation rose 19% to a record USD163 billion.

READ MORE