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Largest power plant in northern Kazakhstan due for upgrade

Oil&Gas Materials 8 January 2013 15:17 (UTC +04:00)
The Ekibastuz-2 hydropower station JSC and Kazakh Industry and New Technologies Ministry have signed an agreement on the fulfilment of investment obligations according to which the station has to invest 46.534 billion tenge ($1-150 tenge) in development projects in 2013 without VAT, a report of Ekibastuz-2 press service said.
Largest power plant in northern Kazakhstan due for upgrade

Kazakhstan, Astana, Jan. 8 /Trend D.Mukhtarov/

The Ekibastuz-2 hydropower station JSC and Kazakh Industry and New Technologies Ministry have signed an agreement on the fulfilment of investment obligations according to which the station has to invest 46.534 billion tenge ($1-150 tenge) in development projects in 2013 without VAT, a report of Ekibastuz-2 press service said.

'The bulk of these investments will be spent on the project 'Expansion and reconstruction of Ekibastuz-2 hydropower station with installation of power unit N3' which is worth 34.082.9 million tenge. Its implementation began in September 2012 when financing of construction work was launched by Vnesheconombank and the Eurasian Development Bank (EDB) and will end in 2015', the report said.

The general construction contractor is a consortium including QUARTZ KZ LLC (consortium leader), Amur Sirius Power Equipment Corporation and Astana - Specmontazh companies.

Some 12, 451.1 million tenge will be spent on the further implementation of the reconstruction and modernisation programme of existing assets.

Samruk-Energo JSC and the Russian INTER RAO UES are the shareholders of the Ekibastuz-2 hydropower plant.

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