Kazakhstan ratifies agreement with China on construction of renewable power plants in three regionsPresident Kassym-Jomart Tokayev has signed a law ratifying an agreement between the governments of Kazakhstan and China on renewable energy projects.“This is to ratify the agreement between the Government of the Republic of Kazakhstan and the Government of the People’s Republic of China on the implementation of renewable energy projects, concluded in Baku on November 12, 2024,” says the law published in official media on Tuesday.Energy Minister Yerlan Akkenzhenov said earlier that the agreement provides for the implementation of major investment projects with a total capacity of 1.8 gigawatts, including the construction of three wind power plants with a combined capacity of 1.5 gigawatts and one solar power plant with a capacity of 0.3 gigawatts.The projects will be carried out in the Karaganda, Turkestan and Pavlodar regions. The choice of these regions is due to their high wind and solar potential, as well as the technical ability to integrate new capacity into the country’s power grid.The projects are scheduled for completion in 2027-2029.Total investment is estimated at $2.2 billion, with financing involving international financial institutions and banks. From the Kazakh side, Samruk-Energy will act as a co-investor.The projects are expected to create more than 100 permanent jobs and about 1,500 temporary jobs, and to ensure additional annual generation of more than 5.7 billion kilowatt-hours of “green” electricity. (ICE ALMATY)

Fonte notizia: INTERFAX