Deal #10351

Kazakhstan
Created at
2024-05-24
Last update
2024-05-30
Last full update
2024-05-24

Land area

Size under contract (leased or purchased area)
  • [current] 500 ha
Size in operation (production)
  • [current] 489 ha

Intention of investment

Intention of investment
  • [current] Solar park

Nature of the deal

Nature of the deal
Outright purchase, Lease
Comment on nature of the deal
The 500 ha land plot allocated for a solar power plant, 10m x 3.7km access road and 16m x 11km powerline corridors have been leased by the district council to MKAT on 29.05.2017. For the powerline route, agreements with 5 land tenants were achieved from April to June 2018 through one off payments to change tenure right for the 16m wide corridor. Lease of the power line route was finalized between MKAT and the district council on 12.06.2018.

Negotiation status

Negotiation status
  • [2016, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2019-07] Startup phase (no production)
  • [2019-12, current] In operation (production)
Comment on implementation status
The power plant’s construction works started in July 2019, with a turnkey Engineering, Procurement & Construction (EPC) contract signed with METKA EGN