PFAN at the Energy Week Central Asia & Mongolia

From  27-29 April, PFAN network members participated in the high-level international investment conference Energy Week Central Asia & Mongolia 2021, which brought together authorities, investors and entrepreneurs from Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan and Mongolia, as well as IFIs/DFIs and multinational energy companies. The first day was split into three sessions, each targeting different areas of discussion regarding renewable energy financing and investment activities in the Central Asia and Mongolia region.

Speakers with notable backgrounds and experience in the renewable energy sector from organizations and institutions including the Ministry of Energy of the Republic of Kazakhstan, the Asian Development Bank, the Management Development Institute of Singapore in Tashkent, the Dutch Entrepreneurial Development Bank, GIZ, G Max Energy Consulting, Centil Law discussed topics such as policies for the energy transition and attracting FDI, financing renewable energy and the low-carbon economy.

In these insightful presentations on renewable and green energy developments in the Central Asian countries of Kyrgyzstan, Tajikistan, and Kazakhstan, special focus was placed on opportunities for investment and financing activities for the development of renewable and climate-friendly energy solutions.

In the first day’s session on “Financing Renewable Energy”, Diyaz Baiseitov, PFAN’s Country Coordinator for Kazakhstan, presented a comprehensive overview of PFAN and its activities in the region of Central Asia, highlighting Mongolia as one of the newest additions to PFAN’s countries of operation.

Mr. Baiseitov highlighted that PFAN’s work in the region, and using Kazakhstan as an example, he mentioned the several memorandums between government initiatives in Kazakhstan already in place to assist PFAN in tailoring projects in the pipeline to investors, allowing for a more efficient and effective investment match. Moreover, Mr. Baisetov stressed that this collaboration between PFAN and government initiatives is important to also ensure that projects comply with local laws and regulations.

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