electricity
Ekibastuz GRES-1 income $70 million in H1 2010
(SRI) - Ekibastuz GRES-1, Kazakhstan’s largest power plant, reported a net income of KZT10.337 billion ($70 million) in the first half of 2010, compared to a loss of KZT4.127 billion ($28 million) in the same period in 2009.
Russia to lend Kazakhstan $700 million for power plant
(SRI) - Russia will lend Kazakhstan $700 million to build the third unit of the Ekibastuz GRES-2 power plant, according to a loan agreement signed on Monday by the countries’ presidents on the sidelines of the Eurasian Economic Community (EurAsEC) session in Astana, RIA Novosti reported.
Kazakhstan seeks grid, substation work to link 300-MW Moinak hydroelectric project
(SRI) - KEGOC, Kazakhstan’s grid operator, invites applications for pre-qualification to construct transmission lines to interconnect the 300-MW Moinak hydroelectric project on Kazakhstan’s Charyn River. Responses are due July 2.
Kazakh anti-monopoly agency says AES underinvested in power plants
(SRI) - Kazakhstan’s anti-monopoly agency on Friday accused U.S. power company AES of failing to invest $460 million into its power plants in Kazakhstan as required by contract. The company has denied the charge.
ANALYSIS: Politics gets in way of hydropower investment in Central Asia
(bne) - The planned construction of a new power line connecting Kazakhstan to Tajikistan will allow Central Asia’s common energy system to be reactivated. But plans to attract investment into new hydroelectric power plants are being held back by their political sensitivity.
Ekibastuz to invest $1 billion for capacity upgrade
(SRI) - Ekibastuz power plant, jointly owned by the copper minder Kazakhmys and the state investment fund Samruk-Kazyna, will spend $1 billion on capacity upgrades, Interfax reported.
Central Asia’s electricity system falls apart
(bne) - Four of the five Central Asian countries have muddled along with an often unsatisfactory, yet workable, shared electricity system that was devised after the break-up of the Soviet Union. This year, however, Uzbekistan and Kazakhstan have finally been provoked into announcing their withdrawal from the shared grid.
Russia and Kazakhstan sign agreements on oil and power transit
(SRI) - Russia and Kazakhstan have concluded agreements on oil transit and the parallel operation of the two countries’ power grids, according to media reports. The deals were signed November 20 by Russian Energy Minister Sergei Shmatko and his Kazakh counterpart Sauat Mynbayev.
Russian electricity trader buys Kazakh Kazenergoresurs
(SRI) - Asia Energy BV, a subsidiary of Russian power generation and electricity trading company Inter RAO UES, acquired 76 percent of Kazakh Kazenergoresurs in August for $3.5 million, Kazakh media reported on Friday.
World Bank lends $48 million to power grid operator KEGOC
(SRI) - The World Bank will provide a $48-million loan to Kazakhstan’s national electricity grid operator KEGOC for the Moinak Electricity Transmission Project, the bank said in a statement.
