26 May 2023 17:35

India's Adani Group mulls participation in thermal power plant construction in Almaty region

ASTANA. May 26 (Interfax) - India's Adani Group is mulling participation in the construction of a thermal power plant in Kazakhstan's Almaty region.

Head of National Wealth Fund Samruk-Kazyna Nurlan Zhakupov and Chief Technology Officer of Adani Group Sudipta Bhattacharya have discussed the construction of a thermal power plant in Almaty region, the press office of Samruk-Kazyna said in a statement.

Currently the fund, Adani Group and the Kazakh Energy Ministry are in the process of approving terms and conditions regarding the partner's participation in the project, the statement said on Friday.

Kazakh President Kassym-Jomart Tokayev met with Gautam Adani, the chairman and founder of Adani Group in December 2022 to discuss prospects for strategic investment projects in this country.

Adani Group, established in 1988, is a diversified organization in India comprising nine publicly traded companies. The Group operates in 50 countries and specializes in the energy, coal mining, transport and logistics infrastructure, renewable energy and other sectors.

National Wealth Fund Samruk-Kazyna was organized in 2008 through. Samruk-Kazyna owns and operates strategic assets of Kazakhstan, including Air Astana, Kazakhtelecom, Kazatomprom, KazMunayGas, KazPost, Kazakhstan Temir Zholy, KEGOC, etc.