40 MW Off-Grid Power Site & Data Center Development

Construction of a Tier-3/4 Data Center for High-Performance Computing (HPC), AI clusters, or industrial mining.

Technical Parameters & Infrastructure

Secured Gas Supply Specifications

1. 01
   Operating Pressure5.4 MPa
2. 02
   Methane ContentMinimum 91% (high-calorific natural gas)
3. 03
   Maximum Hourly Supply10,000 m³/hour
4. 04
   Daily Supply Capacity240,000 m³
5. 05
   Monthly Supply Capacity7.2 million m³
6. 06
   Annual Supply Capacity87.6 million m³

Power Generation Capacity

The secured gas supply of 10,000 m³ per hour supports the reliable generation of approximately 40 MW of electricity, based on an average consumption rate of 250 m³ of gas per MW for modern gas reciprocating generator systems.

Existing On-Site Infrastructure

The site benefits from established infrastructure, including:

• Fiber-optic communication lines (FOCL)
• Water supply systems
• Auxiliary power supply
• Prepared access roads

Scalability & Expansion Potential

The project offers significant scalability opportunities, supported by a clear development roadmap to increase gas supply limits and expand generation capacity to up to 100 MW through the development of adjacent sites.

Key Investment Highlights

1. 01
   Total CAPEXApproximately US$158 million
2. 02
   Exceptional Wind ResourceAverage wind speed of 8.5 m/s, supporting strong energy yields
3. 03
   High Capacity FactorEstimated at 49% (P50) and 44% (P75), reflecting robust project economics
4. 04
   Long-Term Revenue VisibilitySecured through a 20-year Power Purchase Agreement (PPA) between the buyer and the Company
5. 05
   Preliminary TariffUS$0.029/kWh expected in 2027
6. 06
   Attractive ReturnsProjected return on equity (ROE) of up to 15%

Strong Demand Fundamentals

The Company is among Kazakhstan's largest electricity producers and the country's single largest electricity consumer, currently accounting for approximately 17% of national electricity generation. The Company's ferroalloy operations are expected to serve as the primary off-taker for the project's power output, ensuring a stable and predictable demand profile.

Investment Opportunity

An opportunity to invest in a strategically significant renewable energy project in Kazakhstan, combining premium wind resources, long-term contracted revenues, strong industrial off-take, and attractive risk-adjusted returns.

1. 01
   Total Electricity Generated28.8 million kWh per month
2. 02
   Final Cost per kWh12.75 KZT (~US$0.028/kWh)

This cost structure positions the project among the most cost-competitive locations globally for energy-intensive computing applications, including AI, HPC, and cryptocurrency mining.

Financial Metric	Public Listed Figures	Estimated Annual Forecast (Post-Construction)	Calculation & Benchmark Basis
Target Purchase Price		$158,000,000	Target listing price for power asset + site development rights.
Gross Annual Revenue		$38.0M – $52.0M / year	40 MW IT load @ $110–$150 per kW / month (Wholesale/Colocation)
Operating Costs (OPEX)		$12.0M – $18.0M / year	Off-grid generation fuel, maintenance, power plant O&M, staff
Annual EBITDA		$26.0M – $34.0M / year	60% – 68% EBITDA Margin (Typical for captive off-grid power + data center)
Implied Entry Multiple		4.6x – 6.1x EV / EBITDA	Relative to target asking price of $158M

1. 01
   LocationKazakhstan
2. 02
   Target ApplicationHigh-Performance Computing (HPC), AI workload processing, or high-density industrial compute.
3. 03
   Power StrategyDedicated off-grid generation site designed to bypass local transmission grid queue constraints.
4. 04
   Land Area2.9 hectares with expansion rights for future scale.
5. 05
   Tier Rating StandardTier-3 / Tier-4 specifications.