Kengir Reservoir Returns to State Ownership from Kazakhmys
Photo: 2gis.kz
The hydraulic structures of the Kengir reservoir, which Kazakhmys controlled for many years, have once again become state property, Orda.kz reports.
The Ulytau Regional Prosecutor's Office highlighted the strategic importance of the facility for the region, so it contacted the Ministry of Water Resources to transfer it to the state.
A donation agreement was concluded, and an acceptance certificate was signed.
The reservoir, built in 1952 (319 million cubic meters) and its hydraulic structures are strategic objects, and therefore must be in state ownership. At one time, they were transferred to the balance sheet of the city-forming enterprise TOO 'Kazakhmys Distribution' the department commented.
The founder (stakeholder) of Kazakhmys Distribution LLP is the Dutch-registered company KCC BV.
According to open data, it is controlled by oligarchs Vladimir Kim and Eduard Ogai.
The authorities will now inspect the condition of the reservoir and its infrastructure to determine measures for modernization and further operation.
Original Author: Alina Pak
Latest news
- Kazakhstan’s Reforms Get Support From Some PACE Members
- Thunderstorms Spark Three Forest Fires In Kazakhstan
- 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
