Prime Minister Alikhan Smailov and Vice President of China National Machinery Import & Export Corporation (CMC) Zhao Zhengxiang discussed the implementation of joint projects in the energy sector, primeminister.kz reports.
The head of the government noted that Kazakhstan plans to complete the unification of its energy system in the coming years and ensure full coverage of the needs of the economy and population in electricity. In particular, for this purpose, the corresponding Concept of development of the electric power industry of the republic was adopted.
Thus, existing power plants are being modernized to commission over 1700 MW by 2027. This year power unit No. 1 at Ekibastuz GRES-1 will be restored, which will provide additional 500 MW in the upcoming fall and winter.
At the same time, there are plans to construct new thermal power plants in Kokshetau and Semey. Work on the modernization of the National Electric Grid is underway. Also in the current year it is planned to complete the project on strengthening of electric networks of the Western energy zone and the project on strengthening of electric networks of the Southern zone is being developed.
CMC already has experience investing in Kazakhstan. We welcome the company's intention to expand its presence by participating in energy projects.
In turn, Zhao Zhengxiang outlined the readiness of China National Machinery Import & Export Corporation to work out joint projects on mutually beneficial terms and strengthen the existing cooperation in general.
"We have held detailed discussions with our partners and secured the support of our financial institutions. This demonstrates our high interest. In the case of such projects, we will enter into contracts with local contractors and suppliers to contribute to the development of Kazakhstan's economy," said the CMC Vice President.
The activities of China National Machinery Import & Export Corporation cover the fields of energy, transportation, real estate, chemical and light industry, infrastructure, shipping, etc. The market of products and services of the enterprise includes more than 160 countries of the world.