Moinak Hydro Power Plant to Cut Electricity Shortage in South Kazakhstan

Sept 30. MFA

Moinak Hydro Power Plant to Cut Electricity Shortage in South KazakhstanThe Moynak Hydro Power Plant, under construction in the Almaty region, will help alleviate the problem of electricity shortage in the nation’s largest metropolis. When completed in December 2011 it will partially cover the daily peak pressures in Almaty and the entire southern rim of Kazakhstan which would facilitate the progress of the region’s industry.

On September 27, a government delegation led by Deputy Prime Minister – Minister of Industry and New Technologies Asset Issekeshev visited the site to inspect the construction works nearing completion. He also witnessed the launch of flooding of the reservoir of Bestobe to be part of the power plant.

The strategically important infrastructural project is being implemented by JSC Samruk-Energo, part of the Samruk Kazyna fund of state-run companies. The project is funded by Kazakhstan’s Development Bank and China’s National Development Bank under the umbrella of Programme for Accelerated Industrial and Innovative Development (PAIID). The Chinese investment equals to US$ 133 million and the overall cost of the project is about US$ 360 million.

Advanced power industry development is one of the PAIID’s priorities. According to the government’s plan, 13 projects in energy field are under implementation within the programme. Four projects have already been completed and at the end of this year two more projects will be implemented.

“I am sure the task given by the head of state in advancing power industry development, which is needed for the economic growth, will be fulfilled,” Issekeshev said.

The power plant will generate 1.27 billion kilowatt-hours of electricity per year. It will be the fifth most powerful hydro plant in Kazakhstan and the first power generating project in country’s independent history. According to plans, Moynak will deliver up to 300 MW of power, but its uniqueness is its very high water pressure.

According to Issekeshev, apart from generating much-needed power for a populous region, Moynak has already been helping in solving problems of the area’s socioeconomic development. Already the construction project has created almost 1,200 temporary jobs and following the launch of its exploitation 127 specialists will get permanent jobs there. On top of that, the project has facilitated the development of local roads and other infrastructure.