Financial closure for Turgusun hydropower plant

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Financial closure for Turgusun hydropower plant

A new hydro power plant with a capacity of 24.9 MW will be built on Turgusun river in the East Kazakhstan region and financial backing from the Development Bank of Kazakhstan will assist in the construction.

The total project investment is estimated at KZT11.6 billion (US$36.7 million), where KZT5 billion (US$15.8 million) of this sum will be provided by the Development Bank of Kazakhstan via a 12-year loan program. The project is also being financed within the State Program on industrial-innovative development 2015-2019.

The Turgusun hydro power plant is located in Zyryanovsk district, East Kazakhstan region. It will produce 23 percent of the electricity demanded by the district and will reduce carbon dioxide emissions by 680 tons per year. Turgusun HPP-1 will produce up to 79.8 million kWh of electricity per year.

To date, all the infrastructure required for the hydro power plant has been built – roads, power lines, bridges. Construction of the hydro power plant will start in 2017. It is expected to be completed by 2018.

The China International Water and Electric Corp. has been named general contractor and equipment supplier for the plant. 

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