Samruk-Kazyna, ACWA Power View Progress Of WPP In Kazakhstan

(MENAFN- Trend News Agency) ASTANA, Kazakhstan, April 3. The management ofKazakhstan's Samruk-Kazyna JSC (Sovereign Wealth Fund) and ACWAPower have discussed projects in the field of green energy,Trend reports.

Thus, the parties reviewed the current status of theimplementation of a joint investment project for the constructionof a 1 GW wind power plant in Kazakhstan and the possible expansionof cooperation.

On March 7, 2024, the governments of Kazakhstan and the Kingdomof Saudi Arabia signed an agreement on the implementation of aproject for the construction of a 1 GW wind power plant in theZhetysu region.

In early December 2023, on the sidelines of the 28th UN ClimateChange Conference (COP28), a joint development agreement (JDA) wassigned between the Samruk-Kazyna and ACWA Power.

Meanwhile, Kazakhstan's renewable energy installations generated6.675 billion kWh of electricity by the end of 2023. This volumeaccounts for 5.92 percent of total electrical energy production in2023.

The country currently has 147 renewable energy facilities (over100 kW) with an installed capacity of 2,903.54 MW: 59 wind powerplants with a capacity of 1,409.55 MW; 46 solar power plantfacilities with a capacity of 1,222.61 MW; 39 hydroelectric powerplants with a capacity of 269.605 MW; and three biogas power plantfacilities with a capacity of 1.77 MW.

Furthermore, by the end of 2023, 16 renewable energy facilitieswith a total installed capacity of 495.57 MW had been operational:12 wind farms with a total capacity of 437.1 MW in the Akmola andZhetysu regions, 2 hydroelectric power plants with a total capacityof 3.7 MW in the Almaty and Turkestan regions, and two solar powerplants with a capacity of 54.77 MW in the Turkestan region.

It is expected to commission 25 renewable energy projects,totaling 599.85 MW, by 2027.


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