Kazakhstan - Hydroelectric Power Plants Acquisition

About this project
Affiliates of AES operated two hydroelectric power plants (HPP), Ust-Kamenogorsk HPP and Shulbinsk HPP, in the Eastern Kazakhstan region under a concession agreement - which expired in October 2017 - with the Republic of Kazakhstan. In April 2017, the Republic of Kazakhstan stated the concession agreements would not be extended for Shulbinsk HPP and Ust-Kamenogorsk HPP, and initiated the process to transfer these plants back to the government. This project is sourced from Inframation (https://www.inframationnews.com).