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1 GW renewable energy facilities will be built in the Zhetysu region

DOWNSTREAM CENTRAL ASIA AND CASPIAN

1 GW renewable energy facilities will be built in the Zhetysu region

On March 1, 2023, in Riyadh, Saudi Arabia, the Ministry of Energy of the Republic of Kazakhstan, Samruk-Kazyna JSC, and ACWA Power signed a Principles Agreement aimed at implementing a large-scale 1 GW renewable energy project, in accordance with the instructions of the Head of State, Kassym-Jomart Tokayev.

Source: KAZAKH INVEST

The signed document aims to develop, finance, build and operate a 1 GW wind power plant in the Jungar Gates (Zhetysu region). The construction is planned to start in 2025.

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The implementation of this project will allow for the achievement of the target indicators approved by the Concept of Kazakhstan's transition to a "green" economy, create new jobs, attract additional investments, and increase the generation of "green" electricity.

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It is worth noting that the negotiations between AO "NK "KAZAKH INVEST" and the Saudi company have been ongoing since September 2021. In August 2022, at a roundtable discussion in Jeddah with the participation of the President of the Republic of Kazakhstan, a meeting was organized between ACWA Power and Kassym-Jomart Tokayev.

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