SPIC Signs MoU To Build Power Plant In Kazakhstan
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SPIC Signs MoU To Build Power Plant In Kazakhstan

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President Kassym-Jomart Tokayev of Kazakhstan, who was in China for the China-Central Asia Summit and on a state visit, and Chairman Qian Zhimin of State Power Investment Corporation (SPIC) participated in a Kazakh-Chinese investment roundtable in Xi'an, Shaanxi province.

They signed a memorandum of understanding for the construction of a large-scale wind power and energy storage plant with a capacity of 1 GW in Kazakhstan after exchanging opinions on the implementation of renewable energy projects and cooperation on green hydrogen generation.

The principal parameters of a 1000MW solar farm project in Issy-Kul, Kyrgyzstan, were agreed upon during a meeting between the President of Kyrgyzstan and representatives of the Chinese business community on the same day.

A number of new energy projects have been created in the region by SPIC as a result of its active participation in the Belt and Road Initiative and close collaboration with businesses in Central Asia, including the Zhanatas Wind-Power Project in Kazakhstan and the 1000MW solar farm project in Issy-Kul.

These initiatives support local power supply, encourage local energy restructuring, and reflect SPIC's advantages in the development of clean energy.

To support local economic growth and the improvement of living conditions, SPIC will continue to increase its energy cooperation with Belt and Road nations. By doing so, it will assist these nations in achieving energy security, independence, and stability.

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