Halyk Bank was the first among the STBs of Kazakhstan to start providing a green loan, confirmed by an independent assessment of the AIFC Green Finance Centre
(Nur-Sultan) Aifc.kz – Halyk Bank was the first among the second-tier banks in Kazakhstan to start providing financing under the loan Agreement on green lending with “Kaz Green Energy” LLP. The company is implementing a project for the construction of a 5 MW bioelectric power plant in the Karaganda region, Zhezkazgan, Kengir village, verified by an independent party - the AIFC Green Finance Centre.
"The concept of "green growth" has become an integral part of economic policy for many countries, including Kazakhstan. On the scale of the Halyk Group, the Bank and its subsidiaries actively promote and support projects of clients and partners related to the green economy. It is very important that for the first time in Kazakhstan, the green project received an independent assessment. As part of the new development strategy of the Halyk Group, we intend to continue to pay special attention to the development of projects that correspond to the fulfillment of key tasks within the ESG system of the Bank and the creation of specialized financial products", said Umut Shayakhmetova, Chairman of the Management Board of Halyk Bank.
The project provides for the creation of a complex for the reception and processing of solid household waste (SHW) of the population, primarily biomass and their conversion into electricity. The construction of the power plant is based on the use of a unique innovative technology for processing SHW using a pyrolysis thermochemical system to obtain the main product - biogas with subsequent electricity generation.
“Kaz Green Energy” LLP, which is part of the Kazakhmys Holding Fuel and Energy Complex, will receive financing from Halyk Bank for a total amount of 7.9 billion tenge. The AIFC Green Finance Centre has developed an external assessment of this project, according to which the internal documents of Kaz Green Energy, including the Green Finance Policy, fully comply with the Principles of Green Lending LMA (Loan Market Principles) and LSTA (Loan Syndications and Trading Association).
