Balkhash TPP: Kazakhstani side has the opportunity to settle relations with Korean investors related to Project support issues within 60( sixty) days from the date of receipt of the notification

2016.09.02
2016.09.02

According to the terms of the Project implementation, Kazakhstani side has the opportunity to settle relations with Korean investors related to Project support issues within 60( sixty) days from the date of receipt of the notification

In connection with the information appeared in mass media on suspension of Balkhash thermal power plant construction project (hereinafter - the "Project"), “Balkhash TPP” JSC informs that the notice regarding the execution of put option with demand to buy back “Balkhash TPP” JSC shares belonging to Samsung C & T Corporation by Kazakhstani side and notification from Samsung Engineering Co Ltd on termination of the Contract for construction was received on August 31, 2016.

According to the terms of the Project implementation, Kazakhstani side has the opportunity to settle relations with  Korean investors related to Project support issues within 60( sixty) days from the date of receipt of the notification.

At present the final decision on termination of the Project implementation has not been made.

The project is implemented by “Balkhash TPP” JSC with participation of Samsung C & T Corporation which owns 50% plus one share of the project company.

© 2009-2016 JSC "Samruk-Energy"

Developed in Webmarka

  • Қаз
  • Рус
  • Eng