LOI Signed with EBRD

Universal Energy Signing the LOI for 20 Million Dollars Financing with EBRD in Beijing

2018 Central Asia Investment Forum, initiated by EBRD (European Bank for Reconstruction and Development) and co-hosted with The People’s Bank of China & Industrial and Commercial Bank of China, is held on 14th November in Beijing. Distinguished guests are from banks, financial organizations, industries and commercials of both Central Asian countries and China, including Vice-president of PBOC and President of Asia Development Bank.

Universal Energy deeply dives the Kazakhstan Renewable Market to contribute to the establishing of green world. In the significant part of forum, the cooperation agreement signing ceremony, Mr Nan Yi, president of Universal Energy, signed the Letter of Intent for Twenty Million Dollars Financing with EBRD representative. This fund financing will be utilized for construction of the Zhangiz 30MW centralized ground photovoltaic power plant developed and invested by Universal Energy in Kazakhstan. This financing belongs to the Green Climate Fund, which is founded for the developed countries to help developing countries to handle the global climate changes. The successful signing and implementing of this financing intent will help Universal Energy to realize the business philosophy of “facilitating eco-friendly green development”.