Kazakh govt recalls bill on US$6 billion UAE energy deal from parliament

12/1/2022 8:28:00 PM

Kazakh govt recalls bill on US$6 billion UAE energy deal from parliament

Kazakh govt recalls bill on US$6 billion UAE energy deal from parliament

ALMATY : Kazakhstan's government has recalled from parliament a bill on the ratification of a planned US$6 billion renewable energy deal with the Abu Dhabi’s holding company ADQ and energy company Taqa, a document published on Wednesday showed.Prime Minister Alikhan Smailov signed a decree recalling the

ALMATY : Kazakhstan's government has recalled from parliament a bill on the ratification of a planned US$6 billion renewable energy deal with the Abu Dhabi’s holding company ADQ and energy company Taqa, a document published on Wednesday showed.Prime Minister Alikhan Smailov signed a decree recalling the bill on Monday, according to the official legal database, the first working day after a week of violent unrest that led to the previous cabinet's resignation.

The decree cited no reasons for the move. Some industry analysts have questioned the deal announced last month as it was not preceded by competitive bidding.Under the planned deal, the UAE companies and Kazakhstan's sovereign fund were to set up a joint company that would receive stakes in two Kazakh hydroelectric power plants and build a solar power plant, a wind farm and a gas power plant in the former Soviet republic.

Read more:
CNA »

#trending: ‘Metro guy’ at World Cup in Qatar becomes internet sensation who is ‘more famous than Messi’

Qatar's 'metro guy' at the World Cup has captured the hearts of fans and tourists, with TikTok videos of him have massed thousands of views. In these viral videos, he was filmed giving directions with a foam finger and megaphone and calling out 'metro, metro, metro'. His fans said that his presence has brought smiles t Read more >>