Aktubinsk HES, East Kazakhstan REC, Mangistau DEC To Be Sold In Second Half Of 2017

Aktubinsk HES, East Kazakhstan REC, Mangistau DEC To Be Sold In Second Half Of 2017

It is planned to sell Aktobe HES, East Kazakhstan regional energy company (REC) and Mangistau distributing energy company in the second half of 2017, said Umirzak Shukeyev, chairman of Samruk-Kazyna sovereign wealth fund.

“As for big objects, which are on sale now, or have been sold, within the frameworks of this program 8 assets have been sold in 2017. In the second half 2017 we plan to sell 27 assets, of them 20 are the assets of big or average importance. Four objects are on the stage of negotiations – it is Transtelecom, Aktubinsk HES, KMG International N.V and plus four affiliated and dependent organizations and Kyzyltu,” he said at the session of the Government.

He said 4 objects are on the trades, including Mangistau DEC, East Kazakhstan REC and Euro-Asia Air company.

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