The final stage of construction of the 300 MW Moinak hydropower plant in Kazakhstan has been launched at an official ceremony headed by Asset Issekeshev, Kazakhstan’s deputy premier and minister of industry and new technologies.

The plant is scheduled to begin operation in December, and to be fully operational in February 2012, removing the country’s reliance on imported power, said Yerlan Upushev, CEO of Samruk-Energo.

“With the introduction of the Moinak hydropower plant working at full capacity in spring next year, we will be fully independent from electricity imported from Kyryzstan,” he said.

“There used to be a power shortage in Kazakhstan, which is why this is one of the programmes directly aimed at modernising the country’s power generation capacities.”

A subsidiary of Samruk-Energo is in charge of construction, while the China International Water and Electric Company is the general contractor. The Development Bank of Kazakhstan and the China Development Bank are financing the project.

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