Kazakhstan Begins Thermal Plant Build, Awaits Russia's Backing

Kazakhstan is continuing negotiations with Russia over the financing of three thermal power plants (TPPs) in the country’s northern territory, even as it has independently commenced construction on one of the facilities.

The three plants-planned for Kokshetau, Semey, and Ust-Kamenogorsk-are part of a bilateral agreement signed in 2024, The Caspian Post reports via Russian media.

The Kazakh side is currently undergoing parliamentary ratification of the agreement.

“The agreement includes provisions for a preferential export loan from the Russian Federation,” the ministry stated. “Discussions with Russian partners are ongoing to finalize the financial terms.”

However, citing the strategic significance of the projects and the need to avoid delays, the Ministry confirmed that construction of the Kokshetau plant has already begun, with work being carried out by state-owned energy company Samruk-Energo.

“If Russia does not provide a final response on financing, the ministry will explore alternative funding sources to ensure implementation of the projects,” the statement added, emphasizing that Kazakhstan’s national interests would remain the top priority.

At a press briefing, Kazakh Prime Minister Olzhas Bektenov confirmed that construction at the Kokshetau site had started without external support.

Previously, in May, First Deputy Prime Minister Roman Sklyar announced intentions to hold direct talks with Russian officials to secure funding for the power plants.