Government • 14 September, 2018

Prime Minister visits Kazakh mining company in Ekibastuz

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Prime Minister of Kazakhstan Bakytzhan Sagintayev, in the framework of his working trip to Pavlodar region, assessed the technical equipment and prospects for the development of the recently launched company BNKA Energy LLP, which provides services in the field of mining.

During the visit to BNKA Energy LLP, the Prime Minister was showed the technical capabilities of the data center. Bakytzhan Sagintayev examined the mining cells in the first workshop and electronic meters at the control station.

The company's technical director G. Aldebergenov reported on the progress of the project and plans for further development of the company. The project is launched in several stages. The first started August 6 — the company consumes 4 MW of electricity. The next stage is planned September 20 — the capacity will be increased by 11 MW, and November 10 — by 18 MW. By the end of the year BNKA Energy plans to consume about 33 MW.

The Kazakh company provides hosting services for mining farms, such as field placement of equipment for mining, continuous analysis and monitoring of equipment, provision of uninterrupted power and Internet communications. At the moment, the company is one of the largest players in this field. The surplus of electricity and low tariffs for it, the availability of qualified personnel became decisive factors when choosing the place for the establishment of the center. Attraction of large mining farms and companies will contribute to the development of the Pavlodar region as a center for popularization of blockchain technologies.

Today 16 people work in the center which costs 5.7 billion tenge. At the end of the project, about 60 jobs will be created. Quarterly experts are sent to China to the plant for the production of mining equipment for professional development: there they are trained in repair and maintenance of equipment.

Recall that in June 2017 in his speech at the X Astana Economic Forum, President Nursultan Nazarbayev raised the issue of creating a world currency. Then the Head of State stressed that there was a need to transform the world financial architecture, it was time to seriously consider the introduction of an international settlement and payment unit. This would save the world from currency wars, speculation, and avoid distortions in trade relations. In this case, the currency should have a simple, transparent emission mechanism, subject to its consumers.

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