AO Kazakhstan Electricity Grid Operating Company, the central Asian country’s main power distributor, increased profit 29 percent last year as demand for power rose.
Net income increased to 64.8 billion tenge ($436 million) from 50.2 billion tenge in 2010, the power network operator, known as KEGOC, said in an e-mailed statement today.
Electricity consumption climbed 5.2 percent, and production rose 4.7 percent last year, according to the statement.
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