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Eastern Kazakhstan & Semipalatensk RECs

Sector: Power Generation (CCGT) • Location: Kazakhstan

Source: World Bank Group

Project
Active

Eastern Kazakhstan and Semipalatensk are two regional electricity distribution companies that served about 1.8 million customers.

In June 1999, a subsidiary of AES assumed long-term managerial control of two regional electric distribution companies (‘‘RECs’’) in Kazakhstan as part of a settlement of receivables outstanding from the government of Kazakhstan. The Company’s claim against the gover

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The project “Eastern Kazakhstan & Semipalatensk RECs” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Kazakhstan. Taiyo aggregates data on it from World Bank Group.

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Participants

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active

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Description

Description

Eastern Kazakhstan and Semipalatensk are two regional electricity distribution companies that served about 1.8 million customers. In June 1999, a subsidiary of AES assumed long-term managerial control of two regional electric distribution companies (‘‘RECs’’) in Kazakhstan as part of a settlement of receivables outstanding from the government of Kazakhstan. The Company’s claim against the government was for electricity previously provided. The contractual rights to control the operations of the RECs received in this transaction were valued at approximately $26 million, based on the net present value of incremental cash flows expected to be received as a result of operating the RECs. As of 2006, AES lists joint capacity of the two companies under Eastern Kazakhstan REC. 1999-2011 capacity from AES 10k forms

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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