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Baiterek Holding and Citigroup Inc. explore potential cooperation

21.06.2023

Baiterek Holding hosted a meeting with Huadian Corporation

Baiterek Holding hosted a meeting with Huadian Corporation
On June 21, 2023, Kanat Sharlapaev, Chairman of the Board of Baiterek NBH JSC, met with China Huadian Overseas Investment Co. Ltd. to discuss opportunities for cooperation on comprehensive development of renewable energy in Kazakhstan met with the company's Vice President Lu Youan.

Kanat Sharlapaev China Huadian Overseas Investment Co.Ltd. expressed confidence in the successful development of partnership with the company and noted that the two companies will play an important role in diversifying the energy complex of Kazakhstan and promoting its transition to more environmentally friendly energy sources.

He also expressed his readiness to consider the possibility of establishing business cooperation for the implementation of projects in the field of renewable energy with a comprehensive approach to solving the problems of maneuverability and energy storage.
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It should be noted that China Huadian Corporation (China Huadian Corporation), also known as CHD and Huadian Group, is a Chinese state-owned corporation specializing in the production and supply of electric and thermal energy, as well as in the field of electric power. Company
It is on the Fortune Global 500 list (398th in the 2022 ranking) and is the world's third largest electricity producer.

A month ago, within the framework of the visit of the President of Kazakhstan Kassym-Jomart Tokayev to China, representatives of the Holding visited China Nuadian Overseas Investment Co. Ltd. in Beijing. We note that he visited the company's head office. During this visit, an agreement was reached on the joint development of an initiative on the implementation of projects in the field of renewable energy in the Republic of Kazakhstan.
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