AKIPRESS.COM - The Kazakh government has signed agreements with Russian partners to build thermal power plants in Kokshetau, Semey and Ust-Kamenogorsk, Kazakh TV channel 24KZ reported.

According to the report, additional thermal power plants will be built in Semey and Kokshetau in 2027. The contracts were signed during the official visit of Kazakhstan's President Kassym-Jomart Tokayev to St. Petersburg, with Russia's Inter RAO-Export acting as the contractor. It is also planned to build a thermal power plant in Ust-Kamenogorsk, which is expected to be commissioned in 2030.

It was also noted that the development of three thermal power plants will increase the country's overall power generation capacity. "This project will strengthen our energy system, increase its reliability and add about 1 gigaton to our generation capacity. Russian banks will provide the financing, which will be obtained for a term of about 15 years at a very competitive interest rate and will be subsidized by the Russian government," Chairman of the Board of Directors of Kazakhstan's Samruk-Kazyna Nurlan Zhakupov said.