Kazakhstan May Drop Russia From Power Plant Project Over Funding Delays

Kazakhstan Weighs Replacing Russia in Thermal Power Plant Project Kazakhstan is considering replacing Russia as an investor in a major project to construct three thermal power plants (TPPs) in the country. The delay in funding from Russia has prompted the move, according to First Deputy Prime Minister Roman Sklyar. The TPPs are slated for Semey, Kokshetau, and Ust-Kamenogorsk. "Russia has been slow in providing the necessary funding," Sklyar stated in a recent interview. "Therefore, we are exploring options to bring in alternative investors to ensure the timely completion of this crucial project." The project's potential shift away from Russian investment has significant implications for both countries' energy sectors and bilateral relations. The timeline for a decision on a new investor remains uncertain, but the situation highlights the increasing challenges faced in international energy collaborations. The potential for a smooth transition and securing alternative funding is crucial for Kazakhstan's energy security and economic development.