We expected the power plant to be launched in 2018. However, with modernization of the already operating power plants and a decrease in consumption, the actual demand for the Balkhash power plant capabilities will be seen around 2022: Vice Minister of Energy.
The Committee on Water Resources of the Ministry of Agriculture of Kazakhstan is considering construction of nonrigid dams on the Ili River to maintain the water level of Balkhash lake.
Kazakhstan’s Samruk-Energo [subsidiary of Samruk Kazyna Sovereign Wealth Fund] owns 25% of shares plus one share, with South Korea’s Samsung owning 75% minus one share.