Chinese company to launch renewable energy projects in Kazakhstan

Business Materials 22 March 2018 09:59 (UTC +04:00)

Baku, Azerbaijan, March 22

By Ali Mustafayev – Trend:

The Chinese Jiangsu Zhenfa Holding Group Co.Ltd company plans to build wind and solar power stations in Kazakhstan’s Kentau city.

The project was discussed at the meeting of the Ambassador of Kazakhstan to China Shahrat Nuryshev and the vice president of the Jiangsu Zhenfa Holdings Group Co.Ltd Hu Wei, Kazakh media outlets reported.

The total cost of the project is estimated at $154.5 million. After the implementation, the project is expected to generate 50 MW/h of wind energy and 30 MW/h of solar electricity.

The construction of power plants is scheduled to start in August 2018 and be completed within two years.

The sides also exchanged views on the inclusion of this project in the list of priority cooperation projects under the Industrialization and Investment Program implemented between Kazakhstan and China.

Nuryshev stressed that Kazakhstan attaches great importance to the development of alternative energy sources.

"Our country will continue developing the potential of clean energy," the ambassador said.

The Jiangsu Zhenfa Holding Group Co.Ltd provides 10 percent of the market of photovoltaic power plants (solar power stations) of China. The company's branches are located in Turkey, Pakistan, the United States and other countries.