Doosan Heavy Industries & Construction Co, South Korea’s leading power equipment manufacturer has agreed to build a $308m, 310-megawatt coal-fired power plant at Atyrau on Kazakhstan’s Caspian Sea coast. Construction of the power plant is scheduled to be completed by February 2018. South Korea and Kazakhstan are currently also working on 15 joint projects with a combined value $22 billion with a further eight more projects are under consideration, and are in the process of developing the Zhambyl oil field in the Caspian Sea, whose reserves are estimated at 100 million barrels. Times of Central Asia