Development Bank of Kazakhstan invests in Kazakhstan's electricity industry

/KASE, June 14, 12/ - JSC "Development Bank of Kazakhstan" (Astana), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of June 14, 2012: quote Investments in Kazakhstan's electricity industry will make up around USD7 bn Investments in the energy industry will make around 10% of all investments under the Industrialization map. Such data were disclosed by analysts of Development Bank of Kazakhstan (DBK) in their review of the energy industry. Kazakhstan's economic rise started in 2000s made the demand for electric energy increase. Hence, by the end of 2010 Kazakhstan produced 82.6 bn kWt/hour of electric energy, which is by 30% more than figures from 2003. At the same time, the structure of demand for electric energy is uneven in the regional as well as industrial terms. Thus, more than 70% of electric energy is used in the same industrial region. Southern regions are in need of energy the most. After commissioning of the second chain of the line "North-South" the electric energy deficit in the region has went down. "New industrial facilities commissioned across the country will require additional capacities for their operation. However, energy facilities build under the GPAIID would be able to balance and cover the demand for energy", - said Sabit Sukhanov, director of Industrial Policy Department of DBK. Investments made under the GPAIID will be directed to the reconstruction and modernization of existing sources, energy network facilities, as well as to the construction of power generating facilities and building of infrastructure. According to the proposed balance, by 2015 electricity energy demand is expected at the level of 100.5 bn KWt/hour. Hence, the annual additional demand for electricity will make around 11.5 bn KWt/hour. Such volume of electricity is necessary for covering a 7% growth of the economy. It should be noted that in 2010 90.3% of all electricity energy produced in Kazakhstan was generated at heat stations, the rest - at hydro electricity stations. A promising way of financing energy projects are as before traditional sources (heat and hydro energy). Besides, renewable energy sources should be taken into account. They are wind turbines and solar power stations, small hydroelectricity stations, which have rather big potential for development. unquote [2012-06-14]