Chinese Company to Implement a Solar Project in Kazakhstan
Chairman of the Management Board of JSC "NC "KAZAKH INVEST" Yerzhan Yelekeyev held a meeting with the Chairman of the Board of Directors of China Datang Corporation Ltd. Zou Lei, during which the parties discussed the implementation of investment projects of the corporation in Kazakhstan.
Welcoming the Chinese representatives, Y. Yelekeyev informed them about the work of KAZAKH INVEST in attracting foreign direct investment and expressed interest in further cooperation, in particular, in the coal chemistry industry.
"Kazakhstan has a huge potential in coal chemistry due to its rich reserves of raw materials, which, according to some estimates, should last for 300 years. Modern technologies allow us to produce various products for various industries with minimal environmental impact. In this regard, the estimated potential of coal chemistry in Kazakhstan is $25 billion," Y. Yelekeyev noted.
In turn, Z. Lei informed the Kazakh side about the project's progress for the construction of a 1 GW solar power plant with a 500 GW energy storage system in Kazakhstan, followed by the construction of a 180 km long power transmission line with 5 substations. As part of the project under development, the corporation signed a Memorandum of Understanding with the Akimat of the Almaty region. At the moment, to implement the project, a search is underway for a land plot with an area of 2000 hectares.
Following the meeting, the parties agreed to form a working group to study energy initiatives and implement promising investment projects.
Datang Corporation of China is one of the five largest state-owned energy companies. Annual coal production is 30 million tons, and coal gas production is about 2 billion m3. The corporation provides 60% of the electricity supply and 30% of the gas supply to Beijing. Datang's assets are located in 31 provinces of China and more than 10 countries around the world. The corporation's functions include generation, heat supply, coal mining and chemical industry, financing, and comprehensive services in the energy sector.
