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Power Shortages Threaten Kazakhstan’s $1.9 Billion Data Center Push

Power Shortages Threaten Kazakhstan’s $1.9 Billion Data Center Push | EN590 Commodities Group
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Power Shortages Threaten Kazakhstan’s $1.9 Billion Data Center Push

๐Ÿ“… May 10, 2026
๐Ÿ“ก Source: oilprice.com
๐ŸŒ Global Markets
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US Hits Iran-Flagged Oil Tankers While Peace Talks Continue Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… Kazakhstan’s Ministry of Artificial Intelligence and Digital Development has signed an agreement with an international consortium to start building out the government’s plan to turn the Central Asian state into a data center hub.

The project’s timeline appears to hinge on Kazakhstan’s ability to close an existing power deficit.

The ministry’s memorandum of understanding with a consortium led by an entity called JMOT04 Ltd.

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provides for the construction of a Tier IV data center, the most powerful and reliable classification for such facilities, at a cost of up to $1.5 billion.

To ensure the data center has a reliable electricity supply, the memo also calls for the building of a gas-fired power plant with an annual generating capacity of 250 Megawatts, at an estimated cost of upwards of $400 million.

The Kazakh government tapped a company called Ample Solution Ltd to oversee construction.

A governmentstatementprovided no timeline for the completion of the project, nor any information about financing.

The data center is envisioned as a foundational piece in President Kassym-Jomart Tokayev’svisionto transform the country into a cognitive economy.

“Kazakhstan has a unique geographic location, favorable climate, and competitive electricity prices.

These factors form a stable foundation for the deployment of international data centers and the development of digital infrastructure,” the government statement quoted AI Minister Zhaslan Madiyev as saying.

The government’s chief partner in the data center project,JMOT04, describes itself as “a London-based Group led byIvor O‘Toole, specializing in bringing together all principal partners required to deliver large-scale data center and technology-village developments.” The entity was established in 2021.

The government statement said the data center’s location is being determined, noting that “priority is given to sites located near gas infrastructure.” Many local experts expect the facility to be built in the northern Pavlodar region.

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๐Ÿ“Š Indicative Market Prices · May 10, 2026 · 00:51 UTC
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Sulphur Gran 99.5%$470/MT▼ -0.44%
Urea 46% Gran$650/MT▲ +1.12%
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