One of China’s leading electricity generation companies, State Power Investment Corporation, eyes the possibility of implementing major hydropower projects and launching the production of combined-cycle gas turbines in Kazakhstan, QazMonitor reports citing Akorda.
What happened: On March 29, during the working visit to China, President Kassym-Jomart Tokayev met with Liu Mingsheng, Chairman of the Board of State Power Investment Corporation. The parties discussed the company's current and future projects in Kazakhstan.
The company’s subsidiary, China Power International Holding, has implemented a 100 MW wind farm in Zhanatas, which was put into operation in 2020, and a 40 MW solar power plant in Karagandy in 2019.
Currently, the company is implementing two wind farm projects with a total capacity of 1 GW in the Zhambyl and Pavlodar regions. The projects’ combined investment is estimated at $1 billion.
Plans: Liu Mingsheng informed the President about the company’s plans to study the prospects for large-scale hydropower projects and the construction of combined-cycle gas turbines in Kazakhstan.
State Power Investment Corporation: A state-owned power generation company, State Power Investment Corporation (国家电力投资集团) covers centralized power and heat generation, consumer-side integrated smart energy, green power-to-X, and asset-light businesses. The company is headquartered in Beijing. In 2020, the company had a revenue of $40.1 billion, and its installed capacity was estimated at 176 GW. SPIC is the parent company of listed companies China Power International Development (known as China Power), Shanghai Electric Power, Yuanda Environmental Protection, etc.
