Kazyna Capital Management JSC finances the construction of a hydroelectric power plant in the East Kazakhstan region.

Kazyna Capital Management JSC has financed the construction of Turgusun HPP on the Turgusun river in Altai region of East Kazakhstan region, with a design capacity of 24.9 MW. Funds of Kazyn Thanks to the measures of state support, it is possible to attract financing to the sphere of alternative sources of electric energy production. The basis of the "green economy" is the use of renewable resources. At the moment, hydroelectric power plants are able to provide the greatest return and efficiency in this area, - said Yernur Kulazhanov, the Managing Director of Kazyna Capital Management JSC. Small hydroelectric power plants like Turgusun-1 can not only support the energy security of the country, but also become one of the resources for confident economic development. The construction of Turgusun HPP will reduce the cost of electricity production and reduce its deficit by 78 million kilowatt-hours per year in the East Kazakhstan region, create about 400 new jobs during the construction period. Also, with the launch of Turgusun HPP, it is projected to reduce carbon monoxide emissions into the atmosphere by 680 tons per year in East Kazakhstan region.