BAKU, Azerbaijan, Aug. 18
By Klavdiya Romakayeva - Trend:
In July 2021, the commercial commissioning of the small Turgusun hydroelectric power plant (HPP) was made in the Altai region of East Kazakhstan, Trend reports with reference to Kazinform international news agency.
According to the information, with the financial support of the Development Bank of Kazakhstan JSC (a subsidiary of the Baiterek Holding, Bank, DBK), the construction of a small hydroelectric power plant (HPP) on the Turgusun River in the Altai region of East Kazakhstan has been completed.
The project for the implementation of the construction of the HPP is carried out by Turgusun-1 LLP, the capacity of the HPP is 24.9 MW, the launch of which will reduce the electricity deficit in the region by 79.8 million kilowatt-hours per year, as well as reduce carbon dioxide emissions by 680 tons per year.
It is reported that the generation of electricity in favor of the buyer (Settlement and Financial Center for the Support of Renewable Energy Sources LLP) in July amounted to 2.3 million kWh.
The launch of the Turgusunskaya HPP provided its own stable energy supply to almost the entire East Kazakhstan region, as well as other regions of the country, in accordance with the agreement concluded with the RFC for the purchase of electricity.
The total cost of the project amounts to 13.39 billion tenge ($27 million), while the Development Bank has structured the transaction in the amount of 9.6 billion tenge ($22 million) in the following form: five billion tenge ($11.7 million) in the form of a long-term loan for a period of 12 years were provided by the Development Bank, 3.6 billion tenge ($8.5 million) in the form of leasing for the purchase of equipment was provided by a subsidiary of DBK - Industrial Development Fund JSC, one billion tenge ($2.3 million) in the form of a loan provided by AOM Rail BV, as well as DBK Equity Fund - a subsidiary of DBK managed by Kazyna Capital Management JSC.
The remaining funds in the amount of 3.8 billion tenge ($9 million) are the Borrower's own participation. The project is being implemented within the framework of the second five-year industrialization plan.
Currently, there are three largest hydroelectric power plants in the country in the East Kazakhstan region - Shulbinskaya, Bukhtarminskaya and Ust-Kamenogorskaya, the operation of which for the purpose of supplying the region has proven high efficiency and profitability. According to experts, the main advantages of hydroelectric power plants are independence from the conjuncture of fuel prices, long service life, renewability of the main resource, low cost and environmental friendliness.
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