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Caspian Energy Journal Caspian European Club
Thursday, 10 September 2015 12:00

Long-term guarantees for return on investments to be provided

Within the framework of the draft law “On amendments and additions to some legislative acts of Kazakhstan on the issues of electric power”, it is envisaged to ensure long-term guarantees of return on investment for existing energy producing companies, Chairman of the Committee of Nuclear Power Control under the Ministry of Energy of the Republic of Kazakhstan Sungat Yesimkhanov said on September 8 during the presentation of the document, Caspian Energy News (www.caspianenergy.net) reports with reference to the press service of the Government of Kazakhstan.

“The objective of this law is the introduction of long-term guarantees of return on investment for existing energy producing organizations, and new”, Sungat Yesimkhanov said.

According to the explanatory note to the draft law, the current legislation in the electricity sector does not provide existing power plants with the guarantee for return on investment in modernization, renovation and expansion.

All this is reflected in maintaining a high level of deterioration of the existing power plants. For example, 57% of the power facilities have the operating lifetime of over 30 years.

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