Eurasian Resources Group (ERG), a global metals and mining company, has opened a 150 megawatts Khromtau wind farm in Kazakhstan. The project is one of the largest renewable energy facilities in Kazakhstan and Central Asia and required an investment of more than US$142 million. The wind farm is located in the Aktobe Region and includes 24 turbines. The facility will generate more than 500 million kilowatt hours of green energy annually.
All in all, the facility will help reduce up to 440,000 tonnes of carbon dioxide emissions and save more than 300,000 tonnes of coal each year. The project has been implemented by ERG Capital Projects, a Group subsidiary, with financial support from the Development Bank of Kazakhstan.
Leadership View
During the opening ceremony of this critical green energy project, Shukhrat Ibragimov, CEO and Chairman of the Board of Directors of ERG, said: “With its Khromtau wind power project, the Group makes a major contribution towards achieving Kazakhstan’s national goal of increasing the share of renewable energy sources. ERG is committed to ESG principles, and the new Khromtau wind power farm is a logical and very ambitious next step while implementing this. ERG’s first wind power project has already become a symbol of our transition to green energy.”
“The quality of ERG’s products is highly appreciated worldwide, but today, we are going even further by making them more “green” and environmentally friendly. We are embarking on a big journey to grow, decarbonise, and reduce the carbon footprint across our value chains,” he added.
Askhat Shakharov, the Akim (head of the regional government) of the Aktobe Region, emphasised the importance of the power plant for the country’s economy and said that systematic efforts have been made to boost investments in the region, as instructed by the President of the Republic of Kazakhstan: “Attracting investments to the country is one of the main tasks set by President Kasym-Jomart Tokayev in his State of the Nation Address ‘Just Kazakhstan: Law and Order, Economic Growth, Social Optimism’. The Aktobe Region is always open to investments, innovations and modern production operations, and its economy is thriving”.
Marat Yelibayev, Chairman of the Management Board of the Development Bank of Kazakhstan, commented: “The Development Bank of Kazakhstan gives priority to financing projects in the field of renewable energy, supporting the construction of new generating capacities that contribute to achieving the goals of decarbonisation and ensuring the country’s energy security. The financing of the Khromtau Wind Power Plant is a striking example of how state development institutions, together with business, are implementing large-scale projects that lay the foundation of Kazakhstan’s green economy.”
ESG Agenda
The ESG Agenda is part of the company’s Strategy. The Group’s medium-term goal is to reduce the carbon footprint of its core products (aluminium, ferroalloys and iron ore pellets) by 30%. To achieve this, ERG is implementing projects with cumulative investments totalling US$300 million.
In addition to wind power, these projects include switching the Kacharsky heating centre to gas in the Iron Ore Division, reducing steam consumption and improving the alumina production process in the Aluminium Division, and building a ferroalloy gas recycling power facility at the Aktobe Ferroalloys Plant to convert secondary energy resources into electricity.
Eurasian Resources Group (ERG) is a global metals and mining company headquartered in Luxembourg. ERG has around 67,000 employees and is one of the largest employers in the industry. It sells products in more than 40 countries across Asia, Europe, Africa, and the Americas.
About The Project
The Group’s main shareholder (40% stake) is the Government of the Republic of Kazakhstan. ERG’s CEO and Chairman of the Board is Shukhrat Ibragimov, who was appointed in 2024 and brings with him many years of industry experience.
With integrated mining, processing, energy, logistics, and marketing operations, ERG is one of the world’s largest producers of ferrochrome and cobalt and a leading international supplier of copper and iron ore. It is also a large supplier of alumina and aluminium in Eurasia.
In Kazakhstan, the Group operates multiple production entities, including Kazchrome, Sokolov-Sarbai Iron Ore Mining Production Association (SSGPO), Kazakhstan Aluminium Smelter, Aluminium of Kazakhstan, and Eurasian Energy Corporation. ERG is a key power supplier and a large railway operator in Central Asia.
In Africa, Frontier is the cornerstone of the Group’s copper business in the DRC, while Metalkol represents a major tailings reprocessing operation. Metalkol has become one of the world’s largest producers of cobalt and a major producer of copper. The Group manages its own supply chain through its logistics company, SABOT.
