Kazakhstan and South Korean to complete Balkhash power plant by 2015.

By bne IntelliNews June 29, 2010
Kazakhstan and South Korean plans to complete construction of a major new power plant by 2015. This was stated during an official ceremony for the start of construction. To remind you, state-owned SamrukKazyna, Korea Electric Power Corp. and construction company Samsung C&T signed an agreement on the power plant last year. The project is valued between USD 2.5-4.5bn. SamrukKazyna holds a 25% plus 1 share in the project, the Korean companies own a 65% stake and copper major Kazakhmys holds the rest. The plant will have 1,320 MW capacity which can be increased to 2,640 MW.

Related Articles

Kazakhstan in talks with McDonald's.

Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more

Kazakhstan to establish institute for energy and energy effectiveness.

Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more

Kazakhstan to diminish oil products imports from Russia.

Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335