23 Dec 2010 15:35

Kazakh ENRC to spend $230 mln to renovate block at Aksu power plant

PAVLODAR. Dec 23 (Interfax) - Kazakh energy group ENRC will invest $230 million to renovate Block N6 of the Aksu Electric Station in Pavlodar region.

Work on the feasibility study for the project is already underway. The reconstruction is slated to begin in 2011.

Renovation of Block N2 will be completed in the first half of 2011. The rebuilt block will have 325 megawatts of capacity, up from 300 MW. That project will also cost a total of about $230 million.

The Aksu power plant will generate a little more than 13 billion kWh of electricity in 2010, up from 12.7 billion kWh in 2009. The plant, which accounts for about 17% of Kazakhstan's total output, is a division of ENRC's Eurasian Electricity Corporation.

ENRC's production assets are concentrated in Ukraine. The company held an IPO on the London Stock Exchange in 2007.