October 14, 2010 11:26
Korea and Kazakhstan have agreed to build a coal-fired power plant worth US$3.8 billion in the Central Asian nation's city of Balkhash.
Construction of the 660 MW power plant, one of the biggest joint economic projects ever between the two countries, will start in the first half of next year with an aim to finish in 2016.
Korea's Knowledge Economy Minister Choi Kyung-Hwan met with Kazakh Deputy Prime Minister Aset Issekeshev in the Kazakhstan capital of Astana and discussed further cooperation in the energy sector, including uranium resource development and excavation of rare metals.
The two sides are expected to sign the power plant deal in two weeks.
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