ADB, Kazakhstan sign transaction advisory agreement for hydropower development - Asian Power
Published January 01, 2026
ADB and Kazakhstan Forge Partnership for Hydropower Development
The Asian Development Bank (ADB) has formalized a transaction advisory agreement with the Republic of Kazakhstan aimed at bolstering the nation’s hydropower sector. This initiative is part of Kazakhstan's broader strategy to diversify its energy mix and enhance sustainable energy production.
Under this agreement, ADB will provide expert guidance and support to the Kazakh government in the development of hydropower projects. This collaboration is expected to facilitate the implementation of renewable energy initiatives that align with Kazakhstan's commitment to increasing the share of renewables in its overall energy portfolio.
Kazakhstan has set ambitious goals for renewable energy, targeting a 30% share by 2030. The country possesses significant potential for hydropower, with numerous rivers and water resources that can be harnessed to generate clean energy. The ADB’s involvement is anticipated to accelerate the development of these resources, contributing to Kazakhstan’s energy security and sustainability objectives.
As part of the transaction advisory agreement, ADB will assist in identifying and structuring potential hydropower projects, as well as facilitating financing options. The bank will leverage its extensive experience and technical expertise to ensure that the projects are not only economically viable but also environmentally sustainable.
The agreement was signed by ADB's Vice-President for Private Sector Operations and Public-Private Partnerships, Diwakar Gupta, and Kazakhstan’s Minister of Energy, Bolat Akchulakov. During the signing ceremony, both officials emphasized the importance of collaboration in achieving sustainable energy goals.
“This partnership with ADB is a significant step towards realizing our vision for a greener and more sustainable energy future,” stated Minister Akchulakov. “By tapping into our hydropower potential, we can reduce our reliance on fossil fuels and promote cleaner energy sources.”
In recent years, Kazakhstan has made strides towards enhancing its renewable energy infrastructure, with various projects already underway. The government has introduced favorable policies and incentives to attract investments in the renewable sector, creating a conducive environment for both local and international investors.
ADB’s support is expected to play a crucial role in overcoming potential barriers to hydropower development, including regulatory challenges and financing constraints. The bank's expertise in structuring public-private partnerships will be instrumental in mobilizing the necessary investments to bring these projects to fruition.
In addition to hydropower, Kazakhstan is also focusing on other renewable energy sources, including wind and solar power. The country’s vast steppe regions provide ample opportunities for wind energy generation, while its sunny climate is ideal for solar power projects. Together, these initiatives will contribute to a more balanced and sustainable energy mix.
ADB has been actively involved in supporting renewable energy projects across the Asia-Pacific region, with a strong commitment to promoting sustainable development. The bank has financed numerous renewable energy initiatives, helping countries transition towards more sustainable energy systems.
The hydropower development agreement with Kazakhstan is expected to serve as a model for similar collaborations in the region, showcasing the potential of public-private partnerships in advancing renewable energy projects. As countries across Asia seek to enhance their energy security and reduce greenhouse gas emissions, partnerships like this will be essential in driving the transition to a low-carbon economy.
In conclusion, the signing of the transaction advisory agreement between ADB and Kazakhstan marks a significant milestone in the country’s journey towards a more sustainable energy future. With ADB's support, Kazakhstan is well-positioned to harness its hydropower potential and contribute to the global effort to combat climate change while ensuring energy security for its citizens.
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