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NEWS

S. Koreans to build energy plants in Uzbekistan, Kazakhstan

centralasiaonline.com
1 May 2013

The Uzbek government and South Korean company Kogas have signed an agreement to build the Ustyurt Gas Chemical Plant in northwestern Uzbekistan, the Times of Central Asia reported April 29.

Construction, estimated to cost US $3.9 billion (8 trillion UZS), began in 2012, with the plant's commissioning expected in late 2016. It is expected to process 4.5 billion cu. metres of natural gas annually and also to produce tank gas, polyethylene and polypropylene.

Meanwhile, Kazakhstani President Nursultan Nazarbayev April 30 signed an agreement for South Korean companies to build a 1,320MW thermal power station in Balkhash, Novosti-Kazakhstan reported April 30, citing the presidential press office.

The hydro-power plant is expected to cost US $4 billion (600 billion KZT) and be operational by 2018. The Korean contractors are Korea Electric Power Corp. and Samsung. Samsung announced it had won the contract in a press release last June.