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Kazakhstan plans to increase number of investment projects in energy sector

Kazakhstan Materials 22 January 2024 10:24 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, January 22. Kazakhstan plans to increase the number of investment projects in the energy sector, Trend reports.

This issue was considered at a government meeting chaired by First Deputy Prime Minister of Kazakhstan Roman Sklyar.

Thus, as part of the nationwide pool of investment projects in Kazakhstan, the implementation of 61 large projects is currently envisaged. The construction of renewable energy facilities, thermal power plants, and the launch of gas and hydroelectric power plants are among them.

At the meeting, it was noted that the indicators for 2023 indicate well-established work to attract investment. Government agencies have been instructed to strengthen interaction with investors and ensure the commissioning of projects on time.

In addition, the meeting participants considered issues of attracting investment to the regions.

Thus, in 2023, all planned 47 investment projects worth 52.8 billion tenge (about $117.5 million) were put into operation in Zhetisu, thanks to which more than 1,200 jobs were created in the region. Including 10 major projects implemented within the national pool. Among them are a wind power plant with a capacity of 50 megawatts, a plant for the production of industrial batteries, a multimodal transport and logistics center, etc.

Meanwhile, the volume of investments in fixed capital in Kazakhstan exceeded 18 trillion tenge (about $40 billion) in 2023. Investments in fixed capital increased by 13.7 percent in real terms compared to 2022 figures.

Thus, the most significant increase is observed in the Mangystau region - 34.3 percent, followed by the Abay region - 32.7 percent, the Turkestan region - 26.1 percent, and Shymkent city - by 26 percent. In general, an increase in investment is observed in all regions of the country.

The least significant increase in investment was recorded in the Atyrau region (0.7 percent), however, the region remains the leader in the share of investment from the republican level - 17.3 percent.

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