BMI View: We expect demand growth in Kazakhstan to remain healthy over our 10-year forecast period to 2022, due to the country’s robust economic expansion. Conventional thermal sources are to provide the bulk of new generating capacity, with gas and coal playing a central role due to the country’s significant domestic resources. Kazakhstan’s supply/demand gap is relatively tight and electricity imports are typically required to meet domestic power demand. We expect this trend to continue as power consumption increases over the forecast period; while Asian influence is growing in the Kazakh energy sector, we believe Russia will be the country’s …
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