The implementation of joint projects in the energy sector discussed the Prime Minister of Kazakhstan Alikhan Smailov and Vice President of China National Machinery Import & Export Corporation (CMC) Zhao Zhengxiang.

Head of the Government noted that Kazakhstan plans to complete the integration 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 relevant Concept of development of the electric power industry of the country was adopted.

Thus, projects are currently being implemented to modernize existing power plants, which will make it possible to commission over 1700 MW by 2027. This year the restoration of power unit No. 1 at Ekibastuz GRES-1 will be completed, which will provide an additional 500 MW in the upcoming fall and winter period.

At the same time, construction of new CHPPs in the cities of Kokshetau and Semey is planned. Work on 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 development of the project on strengthening of electric networks of the Southern zone is underway.

"CMC already has a track record of investing in Kazakhstan. We welcome the company's intention to expand its presence by participating in energy projects," Alikhan Smailov said.

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," Vice President of CMC said.

For reference: the activities of China National Machinery Import & Export Corporation cover the spheres of energy, transportation, real estate, chemical and light industry, infrastructure, shipping, etc. The market of the company's products and services includes more than 160 countries of the world.

#Alikhan Smailov #The Prime Minister of the Republic of Kazakhstan #Energy #International Cooperation