Location: Taraz, Southern Kazakhstan
Sector: Energy
Source of funding: 80% Development Bank of Kazakhstan; 20% Wison Engineering Ltd
Total cost: USD 40 mln
Implementer: Zhenfa Energy Company
Start (of construction): 2017
Planned completion: 2019
INVESTORS SUMMARY
Development Bank of Kazakhstan is a financial institution focused on the development of the non-primary sector of the economy. It invests in projects that contribute to the sustainable development of the national economy.
Wison Engineering Ltd is a diversified group focusing on energy chemical services with three core businesses consisting of Engineering Services, Offshore & Marine Engineering and New Chemical Material. The Group has established presence in Southeast Asia, South Asia, the Middle East, Africa, North America, South America, Europe and other regions. Its remit of business covers the storage and utilization of primary energy including coal, oil and natural gas, onshore energy engineering services, marine engineering equipment fabrication and downstream new chemical materials development. The group is dedicated to providing professional services and high-quality products for customers from various industries around the world.
Zhambyl Gas Onimderi LLP is a company in the Zhambyl region, registered since 2016. The main activity is the production of chemical products.
DESCRIPTION OF THE PROJECT
Construction of the plant has begun in 2017. The project’s total cost is 16 billion tenge, design estimates were prepared by Chinese investors. The allocated area is 16.0 hectares, 108 people would be provided with work.
However, in 2018 the terms of the contract were violated in accordance with the technical requirements of Vision Engineering. According to the Zhambyl regional akimat, a new contract with the American organization Peraemit is under implementation.
LINKS
1. http://www.agp.com.kz/?p=1865
2. https://strategy2050.kz/ru/news/44884/
3. https://inbusiness.kz/ru/last/zavod-po-proizvodstvu-spg-namereny-zapustit-v-zhambylskoj-o
4. https://lsm.kz/v-kazahstane-stroitsya-ustanovka-po-proizvodstvu-szhizhennogo-gaza-za-16-5-mlrd-tenge