MARCH 24 2011 (The Conway Bulletin) – A joint venture between Kazakh private equity group Visor and the Turkish unit of Italy’s Relight, are planning to invest $1b in two wind farms in southern Kazakhstan. Energy generated by the wind farms would free south Kazakhstan from relying on electricity imports from Uzbekistan.
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(News report from Issue No. 33, published on March 28 2011)
MARCH 16 2011 (The Conway Bulletin) – Kazakhstan, the largest uranium producer in the world, will push ahead with plans to build its first nuclear power station by 2020 despite global concerns about atomic energy after an earthquake severely damaged Japan’s nuclear plants, media quoted the deputy head of energy as saying. Officials have said Kazakhstan’s nuclear power plant will be built on land not prone to earthquakes.
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(News report from Issue No. 32, published on March 21 2011)
MARCH 11 2011 (The Conway Bulletin) – Perhaps with an eye on rising demand in China, Kazakhstan’s state-owned nuclear agency will build a solar panel factory, said its head Vladimir Shkolnik. Kazatomprom will invest about $230m in the factory in Astana. The factory will take two years to build and an unnamed French company will partner with Kazatomprom in the project.
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(News report from Issue No. 31, published on March 14 2011)
FEB. 21 2011 (The Conway Bulletin) – The Tajik state electricity supplier said it would end winter electricity rationing about a month earlier than last year because of the slightly warmer, more rainy weather. Hydropower stations generate most of Tajikistan’s electricity. With Iranian cash, Tajikistan is building another large dam which it plans to open this year and should ensure energy supplies throughout the winter.
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(News report from Issue No. 29, published on Feb. 28 2011)
FEB. 11 2011 (The Conway Bulletin) – Kazakhstan will sell part of its national post office, energy grid company KEGOC and power generating firm Samruk-Energo through IPOs by the end of the year, President Nursultan Nazarbayev said. These will be the first of the so-called ‘People’s IPOs’ when state assets will float on the Kazakh domestic stock exchange.
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(News report from Issue No. 27, published on Feb. 14 2011)
FEB. 7 2011 (The Conway Bulletin) – Georgia is considering an IPO to sell off 25% of both its state oil and gas company and the company distributing electricity around the capital Tbilisi, Reuters quoted the Georgian energy minister, Alexander Khetaguri as saying. Georgia plans to use the cash to build hydroelectric power stations.
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(News report from Issue No. 26, published on Feb. 7 2011)
JAN. 7 2011 (The Conway Bulletin) – The European Investment Bank, the European Union’s investment unit, agreed to lend Georgia €20m ($26.8m) to upgrade two hydroelectric plants, bringing to €175m ($234m) euro its loan portfolio to Georgia. The bank’s website said the European Bank for Reconstruction and Development (EBRD) would also lend €20m for the hydroelectric project.
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(News report from Issue No. 22, published on Jan. 11 2011)