Middle East Economic Survey
Kazakhmys To Accelerate Ekibastuz Power Plant Modernization
Kazakhstans state mining company Kazakhmys, which in late 2008 acquired the countrys largest power plant, located at Ekibastuz near Pavlodar, announced on 24 September that it will speed up its $400mn modernization program. The company plans to boost the power plants generation capacity by 40% to 3.5gw by 2014. Kazakhmys CEO Oleg Novachuk said that the company will...