Qazaqstan Investment Corporation JSC agreed on cooperation with China Huadian Overseas Investment Ltd

As part of the official visit of the President of the Republic of Kazakhstan K.K.Tokayev to the People's Republic of China, Qazaqstan Investment Corporation JSC (QIC), subsidiary of the Baiterek Holding, signed a framework agreement for investment cooperation in the energy sector with China Huadian Overseas Investment Ltd.
The document was signed by the Minister of Energy of the Republic of Kazakhstan A.Satkaliyev, Chairperson of the Board of QIC A.Kuatova, as well as Chairman of the Board of Directors of China Huadian Overseas Investment Qiu Tiangen.
The agreement is aimed at solving the tasks set by the President in the Message to the People of Kazakhstan dated September 01, 2023. They include ensuring the country's energy security by introducing new capacities (including renewable energy stations), as well as increasing the investment attractiveness of the Republic of Kazakhstan for foreign capital, including in the energy sector.
To achieve theses goals, the cooperation of the Parties will focus on the phased implementation of investment projects in the sector of renewable energy sources and maneuverable capacities in the territory of the Republic of Kazakhstan.
As part of the fulfillment of the terms of the agreement, it is planned to create a specialized working group which will exchange information and determine the list of projects, analyze them, as well as ensure the development of necessary documentation.
As part of the implementation of the projects, it is also planned to organize joint seminars and trainings for the training and advanced training of Kazakhstani specialists.