By Ayana Birbayeva in Business on 13 October 2025
ALMATY — Kazakhstan has signed memoranda of cooperation with the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) to expand investment in renewable energy, hydropower, and power grid modernization.
The agreements were concluded during the Global Gateway Forum in Brussels, where the Minister of Energy of Kazakhstan Yerlan Akkenzhenov held a series of high-level meetings with European Union officials and heads of major financial institutions.
The signed memoranda aim to mobilize European capital for strategic regional projects, including the Kambarata-1 Hydropower plant and renewable energy initiatives across Central Asia, reported the Ministry of Energy press service.
Author's summary: Kazakhstan and EU collaborate on green energy.