October 4, 2017 / 5:35 AM / in 20 days

AES hands over Kazakh power plants as concession expires

ASTANA (Reuters) - AES Corp has handed over to Kazakhstan two hydroelectric power plants located in the Central Asian nation after a concession deal under which it operated them expired, Kazakhstan’s Energy Ministry said on Wednesday.

The ministry said in a statement that the concession, signed in 1997, expired on Oct. 1 and that the Oskemen and Shulbinsk plants in eastern Kazakhstan now belonged to the government.

Reporting by Raushan Nurshayeva; Writing by Olzhas Auyezov; Editing by Tom Hogue

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