Mirny project secures financing from a consortium of international lenders

The $1.2 billion Mirny project, developed by TotalEnergies, Samruk Energy, and KazMunayGas, will be around 75% externally financed, equating to approximately $900 million. The partners have signed a Common Terms Agreement with a consortium of international lenders. This consortium includes EBRD, Proparco, DBK, DEG, Société Générale, QNB Group, China Construction Bank, and Standard Chartered. The financing will support the development of the 1GW wind and 600MWh battery energy storage system in southeast Kazakhstan.

Counterparts (11)

Lender

Société Générale

company · 9 deals

Société Générale has acted as a lender in two verified deals, totaling £500 million and $1.5 billion, respectively. These financings support renewable energy projects, specifically one solar project in the UK and one energy storage project in the USA. This indicates a focus on providing debt financing for solar and energy storage projects across international markets.

Q

QNB Group

company · 1 deals

Standard Chartered

company · 5 deals

Standard Chartered is a leading international banking group with a presence in 53 markets, primarily focused on Asia, Africa, and the Middle East. The bank provides a full range of banking services, including corporate and institutional banking, project finance, and sustainable finance solutions, with a strong emphasis on infrastructure development.

EBRD

company · 2 deals

The EBRD invests in changing lives by supporting the transition to successful market economies across three continents. It focuses on delivering prosperity by enabling a well-run and sustainable private sector through financing, advice, and policy reform.

PROPARCO

company · 2 deals

PROPARCO is a Development Finance Institution (DFI) that invests in private sector projects in developing countries and emerging economies. It focuses on projects that contribute to sustainable development goals, including infrastructure, renewable energy, and social infrastructure.

DEG

company · 3 deals

DEG is a German development finance institution that invests in private sector companies in developing and emerging countries to promote sustainable development. They provide long-term financing and advisory services to companies investing in sectors such as renewable energy, infrastructure, and manufacturing.

China Construction Bank

company · 2 deals

China Construction Bank is one of China's 'Big Four' state-owned commercial banks, providing comprehensive financial services globally. With over $5 trillion in assets, it is a major lender, particularly active in financing large-scale infrastructure projects across China and internationally, with a strong focus on Belt and Road Initiative projects.

DBK

company · 1 deals

Mongolia-based energy engineering and construction firm specializing in natural gas pipelines and petrochemical commodity trading, with operations in Mongolia, China, Hong Kong, and Singapore.

borrower

Samruk Energy

company · 1 deals

Kazakhstan-based diversified energy holding company engaged in electricity and heat generation, transmission, distribution, and coal mining, with 31.3% of Kazakhstan's electricity generation and 38.1% of coal production.

K

KazMunayGas

company · 1 deals

TotalEnergies

company · 19 deals

TotalEnergies is a global integrated energy company that produces and markets energies. They provide energy that is more affordable, sustainable, reliable and accessible.