Veolia signs Kazakhstan deal

Veolia Water Solutions and Technologies has signed a memorandum of understanding with Kazyna Capital Management to implement jointly a seawater desalination plant in Kazakhstan.

Located in Aktau, the 125,000 m³/d plant will supply water to industries and households of Aktau and Zhanaozen, the two main cities in the oil province of the Manghystau, on the Caspian coast.

Veolia said the memorandum followed its study to define a business model allowing for private sector participation in the implementation of this desalination project.

The study was carried out on behalf of the Manghystau region in partnership with the Kazakhstan Public-Private Partnership Centre. and was supported by French authorities.

Kazyna Capital, a unit of Kazakh public fund company Baiterek National Holding, provides equity capital to companies at various stages of growth through private equity funds and jointly with other investors in order to promote sustainable development of the Kazakh national economy.

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Kazakhstan | Kazakhstan


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