ASTANA, Kazakhstan, July 16. KazMunayGas and Eni S.p.A. have launched the construction of a 247 MW hybrid power station in Kazakhstan's Zhanaozen city, Trend reports.
According to KMG, this facility will harness solar, wind, and gas energy sources to ensure a stable and dependable electricity supply.
The groundbreaking ceremony for the new hybrid power station was attended by Asqat Khasenov, Chairman of the Management Board of NC KazMunayGas, Seger Hoytinck, Head of Eni in Kazakhstan, and other dignitaries.
The hybrid power station aims to provide uninterrupted power to KMG's subsidiaries in the region, including Ozenmunaigas JSC and KazGPP LLP, mitigating the risks associated with frequent power outages that disrupt production.
Furthermore, the project aligns with KMG's strategic objectives for decarbonization and reducing its carbon footprint. Approximately 40 percent of the electricity generated at the hybrid facility will be sourced from renewable sources, marking a significant step towards reducing carbon emissions.
On January 18, 2024, in Rome, two producers signed a joint decision on the implementation of a project for the construction of a hybrid power plant in the city of Zhanaozen, Mangystau region.
Currently, over 300 Italian companies are successfully operating in Kazakhstan, including major investors like Eni, SDF Group, PetroValves, Maire Tecnimont, IVECO, Tenaris, and others.
Italy consistently ranks among the top five largest EU investors in the Kazakhstani economy. The cumulative inflow of investments over the past 17 years has surged to $7.3 billion. By the end of last year, their volume witnessed an almost 2.5-fold increase, totaling around $300 million.