UK's IPC, Kazakh Kaztransgas plan $3.1 billion gas power project

Reuters

Updated 3 November 2015 at 1:50 pm

ALMATY (Reuters) - Britain's Independent Power Corporation (IPC) said on Tuesday it has signed a memorandum of understanding with Kazakhstan's Kaztransgas on projects worth $3.1 billion (£2.01 billion) to build a gas pipeline and four power plants in the Central Asian nation.

It said the closely linked projects aimed to provide power for the Kazakh capital Astana as well as three other cities, Karaganda, Zhezkazgan and Temirtau.

(Reporting by Olzhas Auyezov; Editing by Greg Mahlich)

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