Aksa Energy celebrated the capacity agreement of Kyzylorda combined heat and power plant with an official ceremony held at the plant site. The power plant is going to have 240 MW installed capacity after completion.
Turkey's global energy brand Aksa Energy celebrated the 15-year capacity agreement signed with the RFC (Financial Settlement Center of Renewable Energy Limited Liability Partnership), a subsidiary of KazakhstanEnergy Ministry, with an official ceremony held at the power plant site in Kyzylorda. It has been reported that the combined heat and power plant will have an installed capacity of 240 MW once completed and meet both the heat and energy demand of the city.
Korkut Ozturkmen, Aksa Energy Board Member and Vice Chairman of the Executive Committee, spoke at the ceremony where the State Governor was also among the attendees. Mr. Ozturkmen said "We believe in the bright future of Central Asia. Therefore, we are ready to take our place in Kazakhstan, the rising star of the Central Asia, after our triumphant Uzbekistan project consists of 3 natural gas combined cycle power plants with a total installed capacity of 740 MW, where we managed to begin commercial production within a very short period of timethrough our experience and effective project management capability."
Korkut Ozturkmen stated that their target is to complete the Kyzylorda natural gas combined heat and power plant within 2025. He continued his speech as "The power plant will have an installed capacity of 240 MW when completed. Unlike the other power plants in our portfolio, we will be producing both heat and power with this project in Kyzylorda. Such distinctive feature of Kyzylorda heat and power plant will allow us to generate 3 different revenue items through the 15-year capacity agreement we have signed which can be listed as capacity payment, energy and heat sales. Thereby, Kyzylorda combined heat and power plant project willcontribute to our portfolio's geographical diversification in line with our sustainable growht and profitability strategy and expands our revenue items from a single project."
Mr. Ozturkmen underlined that Kazakhstan's energy system is dominated by coal-fired base load power plants. He said "Transforming the country's base load from coal to natural gas, which is a far more cleaner and efficient energy source, will be a favourable move for both the environment and the country's economy. We are also delighted and excited to offer heat in addition to power for Kyzylorda which has also turned into a global crisis in recent days."