No. 19



Tractebel Pulls Out Of Kazakstan

Belgian energy group Tractebel announced on 28 April that it will sell all its holdings in Kazakstan to the state-owned gas transport company KazTransGas for $100mn and leave thecountry. A joint press release said the detailed terms of this payment should be decided before 15 June.

Tractebel has been involved in Kazakstan since 1996, when it acquired Almaty Power Consolidated (APC), and in 1997 the firm took a 55% share of...