Aksa Energy expands into Kazakhstan with natural gas power plant deal

Aksa Energy ventures into Kazakhstan through a non-binding agreement to construct a 500MW natural gas power plant, boosting its Asian presence

Türkiye’s Aksa Enerji Uretim AS (Aksa Energy) and a Kazakhstan governate have signed a non-binding deal to establish a natural gas combined cycle power plant in the country, as per an announcement on Türkiye’s Public Disclosure Platform.

The Memorandum of Understanding (MoU) between Aksa Energy and the Shymkent Governorate entails the development of a 500-megawatt capacity plant.

Aksa Energy boasts three natural gas combined cycle power plants in neighboring Uzbekistan, and this MoU marks the expansion of its footprint in Asia.

“Aksa Energy is committed to expanding its presence in Asia,” stated a spokesperson for the company.

Aksa Energy operates in 22 countries

Aksa Energy, established in 1997, is Türkiye’s largest publicly listed independent power producer. With roots dating back to the 1950s, Kazanci Holding, the major shareholder of Aksa Energy, is a global powerhouse, engaging in production activities on 4 continents, operating in 22 countries with more than 10,0000 employees, and exporting to 178 countries around the world.

Kazanci Holding ranks among leading companies in the energy industry, with operations in energy production, electricity distribution and sales, natural gas distribution and generator production via affiliates who are leaders in their own respective sectors. In addition to energy, the group creates value with business activities in agriculture and tourism.

Source: Newsroom