China Gezhouba Group, a leading State-owned enterprise of infrastructure construction in the country, has signed a 4.97 billion yuan ($727.78 million) contract with a Kazakhstan company on a hydropower project, said CGGC Thursday.

In a statement to the Shanghai Stock Exchange, CGGC said the contract with Kazakhstan Natural Gas Technology Co., Ltd. will allows it to construct a hydropower station with an installed capacity of 254 megawatts, on the Chilik river in Alma-Ata, Kazakhstan.

Xinhua