Kazakhstan looks to establish co-op with Germany's BayWa AG
BAKU, Azerbaijan, Feb.15
By Nargiz Sadikhova - Trend:
Kazakhstan is interested in establishing a close partnership with German BayWa AG company, Kazakhstan’s President Kassym Jomart Tokayev said, Trend reports with reference to the press office of the president.
Tokayev made the statement during the meeting with Klaus Lutz, Chairman of the Board of BayWa AG company, held within the framework of the Tokayev's working visit to Munich. Within the visit, the president has also participated in the 56th Munich Security Conference.
The parties talked the prospects for implementing joint investment projects in field of renewable energy sources and digitalization of the agro-industrial complex.
Having noted that Kazakhstan attaches importance to the development of close and fruitful cooperation with German business, Tokayev also noted the priority of developing the potential of renewable energy sources and fertilizer production in Kazakhstan.
"We need to build more wind and solar power plants in Kazakhstan, but there is a lack of appropriate infrastructure. Therefore, we are very interested in establishing a close partnership with your company,” Tokayev said.
Based on some estimates, country’s potential for solar energy production ranges from 3.9 to 5.4 billion WH per year, whereas the ‘ceiling’ of wind power is 920 billion kWh per year.
As of the end of 2019, 90 RES facilities of 1,050 MW of capacity are operating in Kazakhstan including 19 wind parks (283.8 MW), 31 solar parks (541.7 MW), 37 hydropower plants (222.2 MW) and three biopower plants. The number of RES facilities is to be increased from 90 to 108 with the total capacity of 1,655 MW this year.
BayWa is a globally active group with the core segments of agriculture, energy and building Materials, as well as the development segment innovation and digitalization. The headquarters of the parent company, which was founded in 1923, is located in Munich.
Follow the author on twitter: @nargiz_sadikh