Kazakhstan, Astana, July 12 / Trend D. Mukhtarov /
Three gas turbines with a total capacity of 87 megawatts were commissioned at the Akshabulak field in the Kyzylorda region of Kazakhstan, the Development Bank of Kazakhstan said today.
The Crystal Management Company's investment project at a total cost of 19.6 billion tenge ($ 1 - 147.7 tenge) was implemented with the financial support of the Development Bank of Kazakhstan. The initiators of the project together with the Development Bank of Kazakhstan attracted the investments from the Japan Bank for International Cooperation JBIC, CITI BANK of Tokyo and the French BNP Paribas, the bank said.
The project aims at resolving the problem with associated gas utilisation and reducing electricity shortage in the region.
"The associated gas is flared in most oil fields," managing director of the Development Bank of Kazakhstan Daulethan Kilybaev said. "The Akshabulakskaya gas turbine electric power station will utilise it, that is, environmental problems are being solved in the region."
The gas turbine units were built during the project's implementation in 2010-2012 when the infrastructure was created. The electric supply scheme has been improved at the Kumkol and Akshabulak fields due to new generating capacity.
The gas turbine electric power station was constructed within the forced industrial-innovative development programme. The project was included in the state development programme of power engineering and a list of strategic investment projects in Kazakhstan.
The Crystal Management Company was established in 2008. The main spheres of the company's activity include the exploitation of gas pipelines, gas turbine electric power plant, production and sale of electricity.
The Development Bank of Kazakhstan was established in 2001. The main spheres of the bank's activity are to improve the efficiency of public investment activity, to develop industrial infrastructure and manufacturing industry and to promote the attraction of foreign and domestic investments in the country's economy.