Kazakhstan: KEPCO picked as top bidder for power plant

27 March 2009 - Korea Electric Power Corporation (KEPCO) has announced that a consortium involving Samsung C&T Corp. has been selected as the prime bidder for construction of a $2.5bn thermal power plant in eastern Kazakhstan.

The consortium plans to finalize a formal deal with Samruk Energy, Kazakhstan's state energy company, next year with the aim of completing the plant with a capacity of between 1200 and 1500 MW by 2014, KEPCO said in a statement.

The consortium will seek to own and operate the plant once it is built in Balkhash, KEPCO said, adding details have yet to be determined.

Source: PE