ASTANA, Kazakhstan, October 18. Kazakhstan's Qazaqstan Investment Corporation JSC has signed a framework agreement on investment cooperation in the energy sector with China Huadian Overseas Investment Ltd, Trend reports.
The agreement is aimed at ensuring the country’s energy security by introducing new capacities (including stations of renewable energy sources), as well as increasing the investment attractiveness of the Republic of Kazakhstan for foreign capital, including in the energy industry.
To achieve these goals, cooperation between the parties will be focused on the phased implementation of investment projects in the sector of renewable energy sources and maneuverable capacities in the territory of Kazakhstan.
As part of the implementation of the terms of the agreement, it is planned to create a specialized working group, whose members will exchange information and determine a list of projects, conduct their analysis, and also ensure the development of the necessary documentation.
According to the document, it is also planned to organize joint seminars and trainings to prepare and improve the skills of Kazakh specialists.
As part of the visit of President of Kazakhstan Kassym-Jomart Tokayev to China, a number of documents were signed between Kazakhstan and China in the fields of energy, transport, investment, the transfer of production technologies, etc.
A total of 30 commercial documents were signed for a total amount of $16.54 billion.
