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Kazakhstan nationalized hydropower plants belonging to US companies

In Kazakhstan, two hydroelectric power plants belonging to US firms were nationalized.

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Kazakhstan nationalized hydropower plants belonging to US companies

In Kazakhstan, two hydropower plants belonging to US firms reportedly were nationalized.

In a written statement from Ministry of Energy, agreement between Kazakhstan and US-based AES Corporation company was concluded as of October 1st.

In this context, on October 2-3, all shares of AES Ust-Kamenogorsk and AES Şulbinhydroelectric power plants were nationalized in statement, Energy Ministry's right to use hydroelectric power plants belonging to those companies Assigned to administrators.

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