Kazakhs Say Germany’s Pure Nature May Invest $1.3 Billion in Hydropower

Dec 13. Bloomberg

By Nariman Gizitdinov

Kazakhs Say Germany's Pure Nature May Invest $1.3 Billion in HydropowerGermany’s Pure Nature Energy GmbH may invest 1 billion euros ($1.32 billion) to construct small hydropower plants in Kazakhstan, central Asia’s biggest oil producer, the Industry and New Technologies Ministry said.

Lossburg-based PNE plans to invest in building 5-megawatt to 60-megawatt plants, mostly in eastern and southern Kazakhstan, in the next 10 years, the Astana-based ministry said today in an e-mailed statement. The German investors estimate Kazakhstan’s hydropower potential at 4 gigawatts, the ministry said.

http://www.bloomberg.com/news/2010-12-13/kazakhs-say-germany-s-pne-to-invest-1-3-billion-in-hydropower.html