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Title: Samruk-Kazyna and CPIH discuss construction of a wind farm with a total capacity of 1 GW combined with an energy storage system

United States, 8th Dec 2023, King NewsWire - Chairman of the Board of Samruk-Kazyna JSC Nurlan Zhakupov met with Vice President of China Power International Holding (CPIH) Renaguli Tuerdi. The parties discussed the status of the project for the construction of a wind power plant with a total capacity of 1 GW combined with an energy storage system, the first 500 MW of which is planned to be implemented in the Zhambyl region. It was noted that the Parties are developing the project in accordance with the deadlines outlined in the Roadmap signed in June of this year. At the moment, the Fund and CPIH, together with government agencies, are working on the implementation of the second phase of the project. Earlier this year, in May during the visit of the Head of State to Xi’an, a Memorandum of Understanding was signed between the Samruk-Kazyna Fund, CPIH, SANY Renewable Energy Co.Ltd and the Ministry of Energy of the Republic of Kazakhstan. In June, a Roadmap for the implementation of the project was signed, and in October, Samruk-Kazyna and CPIH signed a Joint Development Agreement. For reference: China Power International Holding (CPIH) is a subsidiary of SPIC (State Power Investment Corporation Limited), founded in Hong Kong in 2004. The company's main activity is the development, construction, operation and management of large power grids in China.

This press release is issued by King Newswire