Stake at Kazakhstan’s biggest power plant sold for $1.3bn

The Ekibastuz coal-fired power plant in Kazakhstan has been sold as the Kazakhmys company decided to offload it and concentrate on its copper-mining business.

The resources group agreed to sell its 50 per cent stake in what is the country’s biggest power plant. Ekibastuz has a capacity of 4000 MW and produces 20 per cent of the country’s power.
Ekibastuz coal-fired power plant
The sale was made to a subsidiary of Samruk-Kazyna, the Kazakh sovereign wealth fund, which owns the other half of the facility.

The sale is part of Kazakhmys’s attempts to improve its finances at a time when it is building two big copper mines in Kazakhstan.

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