Investor Presentaiton

Case Studies - Infrastructure KAZ: Baikonyr Solar Power Project PRC: Eco-Industrial Park Waste-to-Energy Project Client: Samruk-Kazyna United Green LLP ADB Assistance: $12m loan equivalent in tenge Key Features: • • • The project comprises the design, construction, commissioning, and operations and maintenance of a 50 MW (direct current) ground-mounted solar power plant and integration into the grid in southern Kazakhstan. The main project components will include approximately 150,822 PV panels, 14 central invertor stations, and a substation. Samruk-Kazyna United Green LLP is a joint venture between UG Energy Limited (51%) and Samruk-Kazyna Invest LLP (SKI) (49%). UG Energy is a UK company and part of United Green Group (UGG) while SKI is a subsidiary owned by Samruk-Kazyna JSC, Kazakhstan's sovereign wealth fund. UGG and SKI entered into a partnership in 2014 to develop Kazakhstan's first solar power project, which was financed by the EBRD. Cofinanced by EBRD. ADB's Value Addition: Demonstration effect by showing the viability of solar power projects in a country with an emerging solar power sector. ADB's long term loan is necessary for the project to achieve sound debt service coverage levels over the life of the project and strengthen the momentum towards long-term local currency financing of renewable energy assets. Increase confidence among investors and lenders and promote further private sector investment in renewable energy and power. Approval Date: 10 May 2018 Commitment Date: 27 February 2019 Client: Shanghai SUS Environment Company Limited ADB Assistance: $100m loan equivalent in US dollars, euro, yen and yuan Key Features: SUS is the licensee of Hitachi Zosen Corporation's grate incineration technology, leading equipment provider for waste-to-energy (WTE) plants, and emerging developer of eco-industrial parks (EIPs) in PRC. EIPS aim to minimize the loss of resources by aggregating a series of environmental protection infrastructures such as municipal solid waste (MSW) treatment facilities, sludge disposal facilities, kitchen waste treatment facilities, medical treatment facilities, and sanitary landfills. MSW WTE is used as the core component of EIPs. ADB's loan will support the development of WTE plants in EIPs in second-and third-tier cities in PRC, with an aggregate renewable energy generation capacity of 60MW and MSW treatment capacity of 3,000 tons/day. The project will also support initiatives by the government to procure state-of-the-art technology from an experienced private sector sponsor through build-operate- transfer WTE projects, as well as other waste facilities within EIPS. The project will expand the low-carbon circular economy, increase livability of cities, and tackle climate change through increased renewable energy generation and reduction of landfill-generated methane in PRC. ADB's Value Addition: • • Promote higher industry standards through SUS's incineration technologies that can meet stringent emissions standards. Enhance SUS's environmental and social standards through the adoption of international safeguards standards. Finance a portfolio of WTE projects efficiently and economically and mobilize local commercial banks. Approval Date: 29 November 2018 Commitment Date: 22 March 2019 7 October 2019 67 ADB

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