The Kapshagay Hydroelectric Power Plant (Kazakh: Қапшағай су электр станциясы, Qapshaǵaı sý elektr stantsııasy; Russian: Капшагайская ГЭС, earlier Капчагайская ГЭС) is a hydroelectricity power plant on the Ili River in Almaty Province of Kazakhstan. Constructed between 1965 and 1970, it has four individual turbines[1] with a nominal output of around 91 MW which will deliver up to 364 MW of power and generates 972 million kilowatt-hours of electricity per year.

It is operated by Almaty Power Stations,[2] and fed by Kapchagay Reservoir (resulting from the construction of Kapchagay Dam).

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