Reconstruction of Ekibastuz-1 in Kazakhstan to be accelerated
Azerbaijan, Baku, September 24 / Trend A. Yusifzade /
The power of Ekibastuz-1 in Kazakhstan will be increased by 3,500 megawatts by 2014 - a year ahead of schedule, a message said.
"Bolat Nurzhanov Ekibastuz-1 (EGRES-1) is forcing the implementation of the next point of the investment program for the rehabilitation of the power unit No 2. EGRES-1 will pass to the production capacity of 3,500 megawatts by 2014 instead of earlier declared 2015," a statement said.
The total cost of the investment program EGRES-1 is more than $1 billion. The program aims to restore the design capacity and improve the environmental indices of power plants.
It was possible to accelerate the time of the program thanks to good financial and operational indices of the enterprise for the first six months of this year.
The work on the full restoration of basic and additional equipment of the unit No 2 will begin in the fourth quarter of 2010.
"Over $410 million will be allocated from the own funds of EGRES-1 for these purposes, a statement said.
Kazakhmys Power owns 50 percent share in the capital of Kazakhstan's largest coal station Ekibastuz (EGRES-1) with a rated capacity of 4,000 megawatts.