Baku, Azerbaijan, October 5
By Nargiz Sadikhova - Trend:
Commercial agreements on 13 projects worth $859.7 million have been signed in Kazakhstan during the international business forum Jetisy Invest-2019 held in Taldykorgan, Almaty region, Trend reports with reference to the press office of the Kazakh National Company KAZAKH INVEST.
The event was attended by the Deputy Minister of Foreign Affairs of Kazakhstan Ermek Kosherbayev, Head of Almaty Region Amandyk Batalov, Deputy CEO of KAZAKH INVEST Birzhan Kaneshev as well as over 400 representatives of the diplomatic corps, financial organizations and international and local business circles from seven countries.
According to Batalov, domestic investments grew by 27 percent in Almaty region from 2014 to 2016 despite the global economic crisis and general decline in investment inflows. In 2018, the Almaty region was Kazakhstan’s leading region in terms of attracting foreign investments. Volume of investments in the region has been growing annually by 20 percent since 2016.
The fact that the region is suitable for implementation of renewable energy projects has also been noted during the forum.
“Thus, 24 out of 74 renewable energy projects in Kazakhstan operate in Almaty region. One of the projects, Kazakhstan’s largest solar power plant with a capacity of 100 MW, was implemented with participation of a major investor from Singapore - Universal Energy and launched in September. Next year, the same company plans to launch a solar and a wind power plants with a capacity of 50 MW each. In addition, another 28 renewable energy projects are at different stages of implementation,” the report said.
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