| 

German Hydropower company to invest $1.3 billion in Kazakhstan

Posted by sayan on Thursday, 16 December 2010 20:50 | Published in Power & Utilities

Kazakh Industry and New Technologies Ministry said on Monday that Germany’s Pure Nature Energy may invest up to 1 billion Euros ($1.32 billion approximate) to build small hydro-power projects in Central Asia’s biggest oil producing nation.

The Lossburg based Pure Nature Energy GMBH will build small hydropower plants with capacities ranging between 5 and 60 megawatts, mostly in the Eastern and the Southern parts of the country in the next 10 years. The Astana based Ministry said German investors estimate Kazakhstan’s hydro-power potential at 4 gigawatts.