Power Putsch May 15, 2008
AES entered Kazakhstan in 1996, paying $3 million for Ekibastuz gres-I, the nation's biggest power plant ... Still, AES embraced the risk, immediately buying enough coal to ensure that Ekibastuz could produce power through its first winter. (Forbes -- Markets)
Kazakhstan to Foreign Investors: Its Our Way, or The Highway Feb 23, 2008
Two days after London-listed copper giant Kazakhmys announced its acquisition of Kazakhstan s largest power station, Ekibastuz, on February 5, Masimov ordered the state to open talks to secure itself a stake. Officials are also pushing ahead with plans to build a new thermal power station at Balkhash and a nuclear power plant in the western city of Aktau. (EurasiaNet.org)
AES To Sell Interests In Kazakhstan Power Plant And Coal Mine Feb 5, 2008
--()--The AES Corporation (NYSE:AES) today announced an agreement to sell its interests in the AES Ekibastuz power plant and Maikuben West coal mine in Kazakhstan to Kazakhmys PLC, Kazakhstan s largest producer of copper and one of the leading copper producers in the world ... Ekibastuz, a coal-fired power plant with current available capacity of approximately 2,250 MW, and Maikuben, a coal mine, are both located in Northern Kazakhstan ... AES acquired its initial interests in Ekibastuz and... (BusinessWire)
European Stock-Index Futures Drop; ASML, Infineon, Northern Rock May Fall Feb 5, 2008
The Ekibastuz plant is the largest source of electricity in Kazakhstan and its 2,250-megawatt capacity may be doubled in five years. The Maikuben coal mine has reserves for about 30 years. (Bloomberg -- Germany)
