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Northern Kazakhstan's industry to launch investment projects worth over $600M

Business Materials 23 December 2019 14:07 (UTC +04:00)
Northern Kazakhstan's industry to launch investment projects worth over $600M

BAKU, Azerbaijan, Dec.23

By Nargiz Sadikhova - Trend:

North Kazakhstan region's first ever wind park will be established, Trend reports with reference to the press office of regional akimat (administrative center).

This was announced during the meeting of the akimat on the issues of investment projects implementation in the region.

Thus, great attention was paid to the projects in the industry of the region. As noted during the meeting, some 34 projects worth 226 billion tenge, $590 million) are being implemented in the region with participation of local and foreign investments. These projects are to create 3,000 jobs.

Another plant on manufacturing of laminated plywood will be launched in 2020-2021.

Also, first wind park in Kazakhstan's Aiyrtau district will be built, and 25 wind generators of 50 MW capacity will be installed at the park. The project worth 30 billion tenge ($78.3 million) is being implemented by Energo Trust. Currently Phase 1 of the project is being implemented.

Also, project for manufacturing of refrigerator car will create 200 jobs.

In turn, Alageum Electric will launch electrical plant worth $23 million. The same investor will launch construction of a wood processing plant of 500,000 meters of product year capacity in 2020.

“The mentioned projects will provide an impulse for industrial development. Our goal is to make region’s economy agrarian and industrial. We must significantly increase production,” region’s Head Kumar Aksakalov said.

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