Ekibastuz-2 power station
|This article is part of the CoalSwarm coverage of Kazakhstan and coal.|
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.
The undated satellite photo below shows the power station in Ekibastuz.
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. Ekibastuz GRES-2 Power Plant is a coal-fueled plant that burns high-ash coal from the nearby Ekibastuz coal basin to generate power.
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.
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.
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.
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, 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.
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.
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. Building and installation works on the unit began that year. According to the Samruk Energy website (updated 2018), the new unit would be 636 MW and is planned for 2024.
In April 2018, it was reported that work on the new unit had stalled but resumed in 2018.
In July 2019, Samruk-Kazyna bought Inter Rao's 50% share in the plant, becoming the sole owner.
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.
In October 2013, a second loan agreement for unit 3 was closed. The China Development Bank agreed to provide a US$400 million loan.
Project Details of proposed expansions
- Sponsor: Jsc Ekibastuzskaya Gres-2
- Parent company: Samruk-Kazyna
- Location: Ekibastuz, Pavlodar, Kazakhstan
- Coordinates: 52.023972, 75.47625 (exact)
- Status: Construction
- Capacity: 636 MW (Unit 3)
- 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; US$400 million in debt from the China Development Bank
- Permits and applications:
Articles and resources
- "Upgrading the Ekibastuz GRES-2 power station and constructing its third power generating unit," Eurasian Development Bank, accessed August 2014.
- "China and Russia to spend $400 million on Kazakhstan power plant," Tengri News, Jan 16, 2014.
- "Ekibastuz-2 power plant units plan will be ready soon," New Europe, Jan 12, 2007.
- "Kazakh power plant signs $700m financing | News | IJGlobal". ijglobal.com. Retrieved 2020-11-16.
- "Inter RAO/GoK – Ekibastuz GRES-2 Power Plant Upgrade, Kazakhstan," World Construction Network, March 10, 2014.
- "2014 Annual Report," Samruk Energy, Jul 6, 2015
- "Expansion and reconstruction of Ekibastuz GRES-2 with installation of power unit No.3," Samruk Energy, accessed May 2017
- "Construction of energy block N3 at Ekibastuz GRES-2 resumed," Kaztag, 06-04-2018
- "Samruk-Kazyna to become 100% owner of Ekibastuz-2 power station shares," Samruk-Kazyna, July 24, 2019
- "Russian Vnesheconombank attracts loan from China Development Bank for Ekibastuz GRES-2 in Kazakhstan". Trend.Az. 2013-10-22. Retrieved 2020-11-16.