Providing finance allows China to muscles in power projects

Friday, 13 September 2024

Chinese State Bank has agreed to finance the construction of a combined-cycle gas power plant in Aktau, western Kazakhstan, for up to 25 years at a rate below 5 percent. Due commissioned in December 2026, the CCGT will be built by MAEK and China Huadian which rivals Aksa and Ansaldo in securing orders for energy infrastructure from the Kazakh government.


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