Kazakhstan has reassigned three CHP plant projects to a Kazakh-Singaporean consortium, formally ending Russia’s involvement, the energy ministry confirmed.
Kazakhstan has reassigned the construction of three combined heat and power (CHP) plants in Kokshetau, Semey and Ust-Kamenogorsk to a Kazakh-Singaporean consortium, formally ending Russia’s participation after a prolonged period of uncertainty.
The decision, confirmed by Vice Minister of Energy Sungat Yessimkhanov, signals a shift in how large-scale energy infrastructure projects in the country are financed and delivered.
EPC contracts for the Semey and Ust-Kamenogorsk plants were signed in early 2026, allowing work to move into an active phase in the coming months. Orders for key equipment are expected to be placed in May, while engineering surveys and site preparation will proceed in parallel.
Deliveries are scheduled from the third quarter of 2027, with commissioning targeted for the fourth quarter of 2029. The projects will incorporate modern technological solutions, including Chinese components.
The scale of investment remains substantial. The plant in Kokshetau is estimated to cost around $750 million, while the facilities in Semey and Ust-Kamenogorsk are expected to reach roughly $850 million each.
Officials have emphasised that the projects will proceed without direct budget financing, pointing instead to alternative investment structures.
The three plants were initially conceived as joint projects with Russia within the framework of bilateral energy cooperation. In November 2023, Deputy Prime Minister Serik Zhumangarin announced plans to formalise the arrangement through an intergovernmental agreement, which envisaged Russian involvement in design, equipment supply and concessional financing.
However, implementation stalled as key financial terms remained unresolved. Although a ratification bill was introduced in parliament in late 2024, progress was repeatedly delayed amid ongoing discussions over subsidised financing mechanisms.
By mid-2025, the government had begun to consider alternative investors. First Deputy Prime Minister Roman Sklyar stated that the primary obstacle lay in securing export financing, stressing that the issue was not linked to sanctions but rather to financial arrangements.
By the end of 2025, uncertainty persisted. Energy Minister Yerlan Akkenzhenov said Kazakhstan had not received a response from the Russian side regarding concessional financing for two of the projects.
In response, the government moved to implement the Kokshetau plant independently through the state-owned company Samruk-Energy, while continuing to reassess options for the remaining facilities.
Police in Monaco and France were searching on Tuesday (30 June) for a suspected bomber after a parcel explosion wounded three people in the wealthy Me...
The United States is expected on Wednesday to formally signal that it will not extend the U.S.-Mexico-Canada Agreement (USMCA), triggering a lengthy r...
United Nations Secretary-General António Guterres on Monday called for renewed global action to prevent terrorism by tackling its root causes, warnin...
For decades, Japan was one of Asia's most popular destinations for Chinese tourists. From 1 July, however, a steep rise in visa fees is adding fresh p...
The United Nations has warned that an ongoing Ebola outbreak in Central Africa could cost the continent up to $3.6 billion and put as many as 328,000 ...
Police in Monaco and France were searching on Tuesday (30 June) for a suspected bomber after a parcel explosion wounded three people in the wealthy Mediterranean principality. Authorities are treating the incident as attempted murder.
The United States is expected on Wednesday to formally signal that it will not extend the U.S.-Mexico-Canada Agreement (USMCA), triggering a lengthy review process that could ultimately reshape the North American free trade framework.
United Nations Secretary-General António Guterres on Monday called for renewed global action to prevent terrorism by tackling its root causes, warning that rising global instability is creating conditions in which extremist groups can thrive.
For decades, Japan was one of Asia's most popular destinations for Chinese tourists. From 1 July, however, a steep rise in visa fees is adding fresh pressure to a travel market already weakened by political tensions and falling visitor numbers.
Fourteen people were killed on Sunday after a helicopter belonging to Saudi oil giant Aramco crashed in Ras Tanura, according to Saudi state media.
Rescue teams raced on Sunday to find more survivors of the two powerful earthquakes that struck Venezuela this week, with signs of life bringing occasional relief to a grim quest to whittle down a list of tens of thousands missing.
Russian President Vladimir Putin has said the country is going through a “difficult period”, but has learned much from it, according to state news agency TASS.
The United States and Iran have agreed to halt strikes against each other, in a potential breakthrough after weeks of escalating tensions. The two sides are expected to meet in Doha on Tuesday to address their dispute over the Strait of Hormuz.
The U.S. and Iran have agreed to 'stand down' and resume technical talks, allowing vessels allowed to move freely under the interim peace deal, a U.S. official said.
Kazakhstan, Azerbaijan and Uzbekistan are advancing plans for a new energy corridor beneath the Caspian Sea that could carry renewable electricity from Central Asia to Europe, linking the region's growing clean energy sector with European markets.
Afghanistan has been ranked last among 194 countries in the KidsRights Index 2026, as the Dutch-based foundation warned that children’s rights are facing growing pressure worldwide.
Europe's growing dependence on Azerbaijan for energy and transport is reshaping relations with Baku, even as political tensions with parts of the European Union remain unresolved.
The U.S. and Iran have agreed to 'stand down' and resume technical talks, allowing vessels allowed to move freely under the interim peace deal, a U.S. official said.
Turkish President Recep Tayyip Erdoğan and German Chancellor Friedrich Merz held a phone call on Monday to discuss bilateral relations, regional developments and wider global issues, according to Türkiye’s Communications Directorate.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment