Data on major energy projects in Kazakhstan announced
Kazakhstan, Astana, April 5 / Trend D. Mukhtarov /
The head of the Sovereign Wealth Fund of Kazakhstan "Samruk-Kazyna" Umirzak Shukeyev announced data on major energy projects in Kazakhstan during a press conference on Thursday.
Now on the construction of the Balkhash thermal power plant construction and assembly work on infrastructure facilities is underway, said Shukeyev.
He said Samruk-Energy and consortium of KEPCO and Samsung C & T Corp companies will implement the project.
Total project cost is $4.1 billion, of which about $900 million are funds of strategic partner, the Korean consortium, about $300 million are callable funds of the anti-crisis program from the National Fund (capitalization), while the rest are borrowed funds.
Speaking about pipeline West-North-Centre, he stressed its special significance for solving shortage of gas supply to customers of the northern and central Kazakhstan and the country's capital.
"At present, key elements of construction have been identified. Despite the fact that the project is a complex technologically, state expertise is supposed to be received in the autumn of this year," said Shukeyev.
He also reported on plans to build a polypropylene plant in the first phase of construction of an integrated chemical complex in Atyrau region.
"Infrastructure facilities were designed, design of basic technological installations and internal networks is nearing completion. Questions on sales of factory's finished products were resolved. Major international trading company Vinmar International Ltd "(USA) will be engaged in this process," Samruk-Kazyna head said.
There is an ongoing work on site preparation for construction work. In addition, the Fund began to raise funds for the project. Negotiations with creditor banks JBIC (Japan), China Eximbank (China) are underway.
Shukeyev said that question of designing the Karachaganak gas processing plant in West Kazakhstan region is under consideration. Issue of its implementation in cooperation with such companies as ENI, Petrofa" and KazRosGas and supply of gas to the Orenburg gas processing plant as part of an intergovernmental agreement with Russia is being worked out.