Kazakhstan and Korea to implement USD 2.8bn renewable energy project.

By bne IntelliNews June 8, 2010
Kazakhstan, in cooperation with Korean companies, plans to implement a renewable energy project worth up to USD 2.8bn, the Kazakh Ministry of Industry and New Technologies has announced. Under a memorandum of understanding, signed by the Ministry and Korean companies: Korea Electric Power Corporation and Samsung C&T Corporation, the Korean side will prepare a project to construct in Kazakhstan wind farms and solar power plants with the overall capacity up to 1 GW, including 950 MW of wind energy and 50 MW of solar one. According to the Ministry, it is the largest renewable energy project in CIS countries.

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