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South Korea’s Doosan expands into Kazakhstan with rep office in Astana

Economy Materials 26 October 2024 12:46 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, October 26. South Korean energy company Doosan Enerbility has announced plans to establish a representative office in Kazakhstan’s capital, Astana, as part of its expanding presence in the country, Trend reports.

The announcement came during an official visit to South Korea by a Kazakh delegation led by Energy Minister Almassadam Satkaliyev from October 22 to 25.

Following negotiations with Doosan Enerbility, the Kazakh Ministry of Energy signed a memorandum of understanding with the company. The agreement outlines plans for localizing energy equipment production, training Kazakh personnel, and setting up a Doosan representative office in Astana.

Throughout the visit, Minister Satkaliyev engaged in discussions with representatives from major Korean energy companies and government officials, covering a range of collaborative opportunities, particularly in the nuclear sector. During the talks, Korean officials congratulated Kazakhstan on the successful referendum supporting the construction of the country’s first nuclear power plant.

The Minister also explored partnership opportunities with South Korea’s Minister of Trade, Industry, and Energy, with a focus on oil, gas, and renewable energy projects. In addition to Doosan Enerbility, discussions involved prominent companies such as Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corporation (KEPCO), Korea National Oil Corporation (KNOC), and Samsung C&T.

Meanwhile, currently, Doosan Enerbility is working on a 1,000 MW gas power plant in the Turkestan region. In partnership with KEPCO KPS, Doosan is also conducting a technical assessment of Kazakhstan’s energy infrastructure, focusing on reducing emissions and extending the lifespan of power plants.

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