Kazyna Capital Management and Veolia Water Solutions & Technologies have signed a memorandum of understanding to jointly implement a seawater desalination plant in Kazakhstan. The new 125,000 m3 per day plant will supply water to industries and the population of Aktau and Zhanaozen, the two main cities in the oil province of the Manghystau, located on the shores of the Caspian Sea. This memorandum follows a study conducted by Veolia, in partnership with the Kazakhstan Public-Private Partnership (PPP) Centre, on behalf of the Manghystau region and supported by French authorities, to define a business model allowing for private sector participation in the implementation of this desalination project.
Kazyna Capital Management, a subsidiary of Baiterek National Holding (a Kazakh public fund company), will provide 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. Veolia Water Solutions & Technologies, a subsidiary of Veolia Group, will provide complete range of services required to design, build, maintain and upgrade water and wastewater treatment facilities for industrial clients and public authorities.
