News Column

Kazakhstan's Batys Transit JSC granted $744k for construction of gas-fired power plant

July 7, 2014



The U.S. Trade and Development Agency has awarded a grant to Batys Transit joint stock company (BTTR) to support a feasibility study for a gas-fired power plant project in northwest Kazakhstan, the USTDA said. 

The grant will help BTTR determine the technical and financial feasibility of a 25-100 megawatt gas-fired power plant, as well as review options for producing renewable energy.

"We are pleased that this study will address provincial power needs and encourage industrial development in Aktobe by assessing the potential of increasing gas-fired and renewable power generation," said USTDA Director Leocadia I. Zak.

The Aktobe Province needs additional generation to meet the demand for power in northwestern Kazakhstan. This project will reduce BTTR's current purchasing of grid power to replace its line losses and potentially provide additional power to Aktobe's grid.

The grant was signed by the U.S. ChargÉ d'Affaires, Amb. John Ordway, and BTTR's CEO, Mr. Kurmangazy Ibragimov, at a ceremony at the U.S. Consulate General in Almaty, Kazakhstan.

BTTR, a private sector transmission line operator established in 2005 to address the need for additional power supply in Aktobe Province, was also one of the first successful public-private partnerships in Kazakhstan.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: AKIpress News Agency (Kyrgyz Republic)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters