Kazakhstan
Reconstruction of Almaty CHPP 3 into a combined cycle power plant with an increase in capacity to 500 MW
341.3bn ₸
Project amount
Project overview
The project helps to diversify Kazakhstan’s energy mix by replacing coal-fired generation with gas-fired generation.
The project is expected to foster sustainable economic growth in Kazakhstan. Converting CHPP-3 from high-ash coal mined in Ekibastuz to gas, utilising advanced and reliable Siemens technology, will have a positive impact on the environment in Almaty and the Almaty Region.
The project helps to enhance the country’s energy efficiency and contributes to modernisation and energy security. It will reduce power shortages in the Almaty Region and improve supply.
The initiative is part of the national project entitled Sustainable Economic Growth Aimed at Improving the Well-being of Kazakhstan’s Citizens.Key project milestones:
-EPC contract – Q3–Q4 2023
-Loan arrangements – Q3–Q4 2023
-Design specifications and estimates and construction – 2024–2026
-Commissioning – Q1 2026It will also contribute to the country’s tax revenues.
Development impact
630to 726 jobs
During the construction phase.
30%
Issuer’s funds
70%
Debt financing (bonds)
The project will jobs during the construction phase.
