Kazakhstan's MAEK, China Huadian Corporation Ltd. to build combined cycle plant for energy production in AktauKazakhstan's MAEK LLP and China Huadian Corporation Ltd. represented by Huadian Kazakhstan Energy, have signed the founding agreement for the creation of a joint venture, which formalizes the intention to build a combined cycle power plant in the city of Aktau in western Kazakhstan, the press service of NC Kazakh Invest said.The Chinese State Bank is ready to provide financing for this project for up to 15-25 years at a rate below 5%.Earlier in 2023, during the visit of Kazakh President Kassym-Jomart Tokayev to China, a framework agreement on investment cooperation was signed between the Kazakh Energy Ministry, Qazaqstan Investment Corporation, and China Huadian Overseas Investment. The document provides for the construction of a combined cycle gas plant with a capacity of 150 MW. The commissioning of this plant is expected within the next four years and will help solve the problem of electricity shortages in the region. The project cost is estimated at $190 million.In addition, according to the 2023 framework agreement, the construction of wind power plants with a capacity of 600 MW is planned in the regions of Kazakhstan.Major accidents occurred twice in 2023 at MAEK, where equipment wear was estimated at 80%, resulting in large-scale power outages, which affected the operation of industrial facilities and daily oil and gas production at the country's largest fields.China Huadian Overseas Investment is a subsidiary of the Chinese state corporation China Huadian Corporation, whose main activity is the production and supply of electricity and heat. The corporation is China's leader in gas-fired electricity generation. At the end of 2023, the total assets of China Huadian Corporation amounted to $140 billion. (ICE ALMATY)

Fonte notizia: INTERFAX