Ekibastuz-2 power station

From Global Energy Monitor
This article is part of the CoalSwarm coverage of Kazakhstan and coal.
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The Ekibastuz-2 power station (or the GRES-2 Power Station) is an existing 1,000-megawatt (MW) thermal power station in Ekibastuz, Kazakhstan. A new 636 MW unit has been proposed.

Location

The undated satellite photo below shows the power station in Ekibastuz.

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Background

The Ekibastuz GRES-2 Power Station is a coal-fueled power generating station in Ekibastuz, Kazakhstan. The station has installed capacity of 1,000 MWe, provided by two units of 500 MWe each. The station generates 12% of all Kazakhstan’s electricity; about 3/4 of the energy produced by GRES-2 is exported to Russia.[1] Ekibastuz GRES-2 Power Plant is a coal-fueled plant that burns high-ash coal from the nearby Ekibastuz coal basin to generate power.[2]

Ekibastuz-2 was part of a coal-fired complex that included Ekibastuz-1 power station. The construction project was never finished, with only ten of 16 planned power units completed. Only two of the units at the Ekibastuz GRES-2 Power Station were commissioned (in 1990 and 1993). After that, construction was suspended.[1]

At the end of 2005 a joint venture between INTER RAO UES JSC and Samruk-Energo JSC was established to operate the GRES-2 Power Station. Its shareholders proposed overhauling existing units and building new ones.[1]

Proposed units

Construction of a Unit 3 was started in 1990 but later stopped. A 500-megawatt power unit N3 was planned to be built in 2008-2009, but also stopped.[3]

In 2010, an agreement to build a third unit at the power plant was reached at a meeting of the Presidents of Kazakhstan and Russia,[2] and the agreement was ratified in January 2011. The project was to be 500MW at a projected cost of US$770 million. The new capacity was to come online by 2013, with all the additional output to be supplied to Russia. The project cost would be co-funded with a US$700 million loan from Vneshekonombank of Russia and the Eurasian Bank of Kazakhstan.[4]

In January 2014, Russia and China signed an agreement to lend US$400 million for construction of a third electric power generation block at Ekibastuz GRES-2--the deal they first ratified in January 2011.[2]

In March 2014, it was reported that the Inter RAO UES (Inter RAO) and Government of Kazakhstan were planning to undertake the upgrade of the 500MW power plant in Ekibastuz, with a project start date of mid-2015 and completion date of 2018.[5] Building and installation works on the unit began that year.[6] According to the Samruk Energy website (updated 2018), the new unit would be 636 MW and is planned for 2024.[7]

In April 2018, it was reported that work on the new unit had stalled but resumed in 2018.[8]

Ownership

In July 2019, Samruk-Kazyna bought Inter Rao's 50% share in the plant, becoming the sole owner.[9]

Financing for Unit 3

A loan agreement for Unit 3 was closed in July 2010. US$700 million in loans was provided by Vneshekonombank and the Eurasian Bank of Kazakhstan.[4]

In October 2013, a second loan agreement for unit 3 was closed. The China Development Bank agreed to provide a US$400 million loan.[10]

Project Details of proposed expansions

  • Sponsor: Jsc Ekibastuzskaya Gres-2
  • Parent company: Samruk-Kazyna
  • Developer:
  • Location: Ekibastuz, Pavlodar, Kazakhstan
  • Coordinates: 52.023972, 75.47625 (exact)
  • Status: Construction
  • Capacity: 636 MW (Unit 3)
  • Type:
  • Start date: 2024
  • Coal Type:
  • Coal Source: Ekibastuz coal basin
  • Source of financing: unit 3: US$700 million in debt from Vneshekonombank and the Eurasian Bank of Kazakhstan;[4] US$400 million in debt from the China Development Bank[10]
  • Permits and applications:

Articles and resources

References

  1. 1.0 1.1 1.2 "Upgrading the Ekibastuz GRES-2 power station and constructing its third power generating unit," Eurasian Development Bank, accessed August 2014.
  2. 2.0 2.1 2.2 "China and Russia to spend $400 million on Kazakhstan power plant," Tengri News, Jan 16, 2014.
  3. "Ekibastuz-2 power plant units plan will be ready soon," New Europe, Jan 12, 2007.
  4. 4.0 4.1 4.2 "Kazakh power plant signs $700m financing | News | IJGlobal". ijglobal.com. Retrieved 2020-11-16.
  5. "Inter RAO/GoK – Ekibastuz GRES-2 Power Plant Upgrade, Kazakhstan," World Construction Network, March 10, 2014.
  6. "2014 Annual Report," Samruk Energy, Jul 6, 2015
  7. "Expansion and reconstruction of Ekibastuz GRES-2 with installation of power unit No.3," Samruk Energy, accessed May 2017
  8. "Construction of energy block N3 at Ekibastuz GRES-2 resumed," Kaztag, 06-04-2018
  9. "Samruk-Kazyna to become 100% owner of Ekibastuz-2 power station shares," Samruk-Kazyna, July 24, 2019
  10. 10.0 10.1 "Russian Vnesheconombank attracts loan from China Development Bank for Ekibastuz GRES-2 in Kazakhstan". Trend.Az. 2013-10-22. Retrieved 2020-11-16.

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