Financing for Oskemen and Semey Power Plants Not Yet Determined
Photo: Olga Ibraeva / Orda.kz
It remains unclear who will finance the construction of combined heat and power plants in Oskemen and Semey, Orda.kz reports.
Samruq-Energo General Director Kairat Maksutov provided details on the projects during a briefing following a government meeting.
Preparatory work is currently underway for the construction of the combined heat and power plants in Oskemen and Semey, including arranging financing. Various sources are being considered — both domestic and Russian funding, as proposed under the intergovernmental agreement. There's no final decision yet on the source. Once we determine this, we'll begin the process of selecting contractors. Both the Russian side and international consortiums that build thermal power plants could participate,Maksutov said.
Construction of the plants is scheduled to begin in the spring of 2026. When asked about the completion timeline, Maksutov stated:
"Our timeframe is 2029, the second half."
He also confirmed that Russia could still participate in financing the project, noting that “no final decisions have been made yet.”
Original Author: Artyom Volkov
Latest news
- Kazakhstan’s People’s Party Gets New Leader Ahead Of Kurultai Elections
- Kazakhstan To Check All Plastic Surgery Clinics After Patient Deaths
- Kazakhstan Proposes Extending Beef Export Limits For Another Six Months
- Almaty To Open Public Debate On Ecology In New Master Plan
- Kyrgyzstan Gasoline Shortage Raises Smuggling Risk For Kazakhstan
- Kazakhstan Meets Most Food Needs But Import Gaps Remain
- Kazakhstan May Require Younger Students To Hand In Smartphones During Classes
- Is Kazakhstan’s New Adilet Party Entering Atameken’s Field With Its Own Business Council?
- National Bank Says Digital Tenge Is Helping Kazakhstan Track Public Spending
- Kazakhstan Made New Tenge Bills Smaller To Fit Wallets And Cut Costs
- Kazakhstan Could Host One-Gigawatt AI Data Center From Singaporean Investor
- Kazakhstan Says Gas Supplies Are Stable After Karachaganak Output Cut
- Every Child in Kazakhstan Has Earned $370 From the National Fund
- UAE and Kazakhstan Sign Mutual Driver's License Recognition Deal
- Kazakhstan Updates Subsidies for Green Vehicle Producers
- West Kazakhstan To Spend Billions On Waste: What Will Change By 2030?
- EAEU May Extend Zero Fuel Duties as Russian Refineries Struggle
- Kazakhstan Bans Electric Scooters From Sidewalks
- Open Competition Now Required for Airport Commercial Space in Kazakhstan
- Kazakhstan Completes Key Drilling Stage for Caspian Underwater Internet Cable
