Construction of three power plants in Kazakhstan with Inter RAO to be financed by foreign investors

ASTANA. Feb 7 (Interfax) - The construction of three heat and power plants in Kazakhstan using Russian technologies as agreed by Samruk-Energy and Inter RAO-Export will be financed by foreign investors, First Deputy Kazakh Prime Minister Roman Sklyar said.

"The funds of foreign investors will be used. They will be returned from the tariff, which will be approved. The Energy Ministry will confirm the exact amount, it'll be around 350 billion tenge [$770 million] for the three CHP plants," Sklyar said at a briefing.

"The relevant agreement has been signed with foreign companies," he said.

The energy ministers of Kazakhstan and Russia, Almasadam Satkaliev and Nikolai Shulginov, signed a memorandum on the construction of three CHP plants in November 2023 during Russian President Vladimir Putin's official visit to Kazakhstan. Russia will build turn-key coal power plants with capacity of 240 MW in Kokchetau, 360 MW in Semipalatinsk and 360 MW in Ust-Kamenogorsk.