According to local reports: “The governments of the two countries agreed to amend the existing agreement between Russia and Kazakhstan on measures to ensure the parallel operation of energy systems.”
Russia announced its plans to supply energy to mining farms operating in Kazakhstan.
The arrangement will allow Kazakhstan-based miners to purchase electricity from Inter RAO. The electricity giant will export its energy reserves as per the contract signed with Kazakh mining enterprises.
Moreover, Moscow authorities have already started preparations to supply energy to aid the mining ventures in Kazakhstan.
Kazakhstan became a hotspot for miners after China imposed a ban on mining last year. This is due to the nation’s subsidized energy rates that make it ideal for mining operations.
Inter RAO also considered selling electricity to Kazakhstan last fall to help the latter meet its energy demands for winter.
Earlier this year, the nation suffered several power outages, causing the authorities to shut down 200 mining farms. Inter RAO claimed Kazakhstan's tariffs were responsible for its lack of funds for energy generation.
