The "Belt and Road" in the heart of Asia: China-Kazakhstan cooperation - Kazakh Foreign Ministry: Chinese enterprises plan to participate in Kazakhstan's energy modernization project
Kazakh International News Agency, according to the Ministry of Foreign Affairs' news office, on the 10th, the Deputy Minister of Foreign Affairs of Kazakhstan, Artyom Kuantarov, met with the Vice Chairman of the Kazakh Invest state company, Madiyar Sultanbek, and the General Manager of Zhongyoung Power (Yunxi) Group Co., Ltd., Li Jianjiang (translated).
During the meeting, the Chinese side expressed the willingness to participate as an investor in the modernization of Kazakhstan's power and energy infrastructure projects.
The Chinese side stated that it hopes to participate in the national project "Modernization of the Energy and Public Utilities Sector" in Kazakhstan. This project has identified multiple facilities that require urgent repair, upgrading, and reconstruction. Li Jianjiang pointed out that Zhongyoung Power is willing to consider using internationally recognized financing mechanisms, such as public-private partnerships and investment returns through tariff models. He also stated that the company plans to use locally produced equipment and transformers in Kazakhstan when advancing the project.
Both sides discussed the possibilities of involving the company in the modernization of substation, replacement of old equipment, expansion of transformer capacity, and introduction of advanced technology in medium and high-voltage lines.
During the meeting, Deputy Minister Kuantarov emphasized that the modernization of the energy sector is a strategic priority for Kazakhstan, and the advancement of this field requires reliable technical partners with international experience. He pointed out that Kazakhstan's legal framework allows the use of public-private partnerships and tariff mechanisms, and advised the company to consider local production of some equipment in Kazakhstan, while paying attention to the potential for cooperation with local companies in long-term energy projects.
Sultanbek introduced the support tools at the national level and the channels for participating in the national and regional grid modernization program. He said that Kazakhstan is willing to review relevant proposals aimed at improving power supply reliability, enhancing energy efficiency, and introducing modern technologies.
Original: toutiao.com/article/1851301883372675/
Statement: The article represents the views of the author himself.