KAZAKH INVEST Chairman Met with Investors in Beijing
During a working visit to Beijing, Chairman of the Management Board of JSC "NC "KAZAKH INVEST" Yerzhan Yelekeyev held several meetings with the management of large Chinese companies such as Fufeng Group, CHN Energy, and China Huadian Corporation. During the sessions, the parties discussed the possibilities of investment cooperation.
Thus, at a meeting with representatives of the Fufeng Group, the parties considered Kazakhstan's investment opportunities in the food industry. As part of the meeting, Y. Yelekeyev visited the company's plant for deep grain processing. Fufeng Group is a global leader in fermentation and food production, and it is sold in 115 countries worldwide. The company is also a world leader in deep grain processing and producing xanthan gum, monosodium glutamate, certain amino acids, and other products. The company's revenue in 2022 amounted to €4 billion.
The management of CHN Energy discussed issues related to implementing investment projects in coal chemistry. CHN Energy is one of the largest state-owned energy companies in China, occupying a leading global position in coal mining and processing and in the production of thermal and wind energy. The company built the world's first coal chemical plant, which Y. Yelekeyev also visited. At the moment, CHN Energy has seven coal chemical plants.
During the meeting with representatives of China Huadian Corporation, a project was discussed to create a joint venture for the construction of a combined cycle gas plant in Aktau within the framework of the company's founding agreement with MAEK LLP. As part of the financing of this project, the Chinese State Bank is ready to allocate the funding for 15-25 years at a rate below 5%. China Huadian Corporation is one of the largest state-owned energy companies in China. The main activities of the corporation include electricity generation, heat production, and the development of coal resources. By the end of 2023, the total assets of China Huadian Corporation amounted to $140 billion.
During the talks, Yerzhan Yelekeyev told the Chinese representatives about the investment climate in Kazakhstan and government support measures. Following the meetings, representatives of Chinese businesses expressed interest in implementing joint investment projects.
