(MENAFN- AzerNews) France's TotalEnergies and Kazakhstan's Ministry of Energy have
signed an Agreement on Investment (AoI) to construct a wind power
plant in the village of Mirny, the Zhambyl region, TotalEnergies'
press service said on Monday in a press release, Azernews reports, citing Interfax.
The document was signed in Dubai by TotalEnergies Chairman and
CEO Patrick Pouyanné and Kazakh Energy Minister Almasadam
Satkaliyev in the presence of Kazakh President Kassym-Jomart
Tokayev during the UN COP28 climate change conference.
"This Agreement on Investment comes after the signature in June
2023 of a Power Purchase Agreement (PPA) for the Mirny project,"
according to the press release.
Investment in the project will total over $1.4 billion.
In 2022, Total Eren, part of TotalEnergies, signed an agreement
to create Kazakhstan's biggest wind energy project in the Zhambyl
Region. The project is expected to draw 820 billion tenge in
investment, and it features a 300 MWh/600 MWh energy storage
system. It is projected to start operating in 2026-2027, and costs
an estimated $1.9 billion.
In June 2023, Total Eren, JSC Samruk-Kazyna National Wealth
Fund, and JSC KazMunayGas National Company signed an agreement on
the purchase of electricity from the Mirny wind farm in the Zhambyl
Region. Technically, the electricity will be purchased by
Kazakhstan's RES Payment Center LLP from a joint venture created by
Total Eren S.A. (60%), Samruk-Kazyna (20%), and KazMunayGas
In November 2023, Kazakhstan's lower house of parliament, the
Majilis, approved a law ratifying an agreement for France to
construct a wind power plant in the Zhambyl Region.
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