Russia has been historically the primary destination for Kazakhstans coal (81% of all coal exported in 2016), primarily black lignite from the Ekibastuz
basin supplied to the Urals power plants.
The Karaganda, Ekibastuz
and Maikuben basins, and Kushokinsk, Borly, Shubarkol and Karazhyr deposits, as well as some other (small) deposits in various regions of the Republic (where coal mining is presently of insignificant volume, to meet local requirements), are developed and operating.
However, the business profile is constrained by the company's scale of operations, which is smaller than that of rated Kazakh peers Samruk-Energy and Ekibastuz
GRES-1 LLP (BB+/Stable), but similar in size to Joint Stock Company Central-Asian Electric-Power Corporation (CAEPCo; B+/Stable).
In addition to funding modernization in 2016, it planned to allocate $35 million in production of Ekibastuz
The country's largest power generators, AES-owned Ekibastuz
Despite this, today there is agreement between Ekibastuz
GRES-2 and electricity is supplied to the Russian Federation in the volume 200-300 mW, KazTag quoted him as saying.
Coal reserves are mainly found in the Karaganda, Ekibastuz
and Turgayskiy basins.
The largest ones to participate are Temirtau, Balkhash and Zhezkazgan in Karaganda region, Ekibastuz
in Pavlodar region, Rudniy in Kostanai region, Zhanaozen in Mangistau region.
Expansion of the export potential of the country's electricity by building direct-current lines from Ekibastuz
to Hami substation in Xinjiang is crucial," Novosti-Kazakhstan cited Minister Shkolnik as saying.
Coal is mined from the Karaganda, Ekibastuz
and Maykubinsky basins, as well as the Kushokinskoe, Borlinskoe, Shubarkol and Karazhyrinskoe fields.
Kazakh miner Kazakhmys Plc (LON:KAZ) said that it had finalised the sale of its remaining 50% stake in domestic power producer AES Ekibastuz
LLP to JSC Samruk-Energo, part of Kazakhstan's sovereign wealth fund JSC Samruk-Kazyna National Welfare Fund, for USD1.
, in Pavlodar Region, a new children's technical school and a kindergarten for 320 children was opened.