A meeting with the China Huadian Corporation delegation was held at Baiterek National Managing Holding

On November 4, a meeting took place at Baiterek National Managing Holding between Chairman of the Management Board Rustam Karagoishin and a delegation of the Chinese state corporation China Huadian Corporation, led by Vice President Wu Jinkai.

During the negotiations, the parties discussed the progress of the joint project for the construction of a 160 MW combined-cycle gas turbine (CCGT) power plant in the Mangystau region. The total cost of the project is USD 190 million. Construction work has already begun. The project involves Qazaqstan Investment Corporation (QIC) and the Entrepreneurship Development Fund Damu, both representing the Baiterek Holding Group.

In addition, the parties discussed new investment initiatives of China Huadian Corporation in Kazakhstan, including promising projects in the energy sector.

Rustam Karagoishin emphasized that Baiterek is interested in further developing cooperation with Chinese partners:

“Baiterek Holding places special emphasis on projects aimed at developing energy infrastructure and implementing modern technologies. We are ready to provide comprehensive support to investors and create the necessary conditions for the successful implementation of all initiatives that contribute to Kazakhstan’s sustainable economic growth,” he stated.

Following the meeting, the parties expressed their readiness to continue cooperation and expand the partnership in the implementation of major energy projects.

Reference:
China Huadian Corporation Ltd. is a state-owned energy corporation established in 2002. Its core business includes the production and supply of electricity and heat. The company is a leader in gas-fired power generation in China and implements projects in several countries, including Vietnam, Cambodia, Indonesia, Bangladesh, Russia, Canada, and Spain. The total installed capacity controlled by China Huadian Corporation exceeds 280 GW, more than 43% of which comes from renewable energy facilities (hydropower, wind, and solar power plants).