Tuesday, 02 January 2024 12:17 GMT

Kazakhstan Set To Drive Industrial Localization Through Energy Modernization Project


(MENAFN- Trend News Agency) ASTANA, Kazakhstan, May 22. Kazakhstan plans to leverage its National Project for the Modernization of the Energy and Utilities Sectors (MEKS) for 2025–2029 to expand domestic equipment production, lower infrastructure wear-and-tear, and establish transparent procurement for local manufacturers, Trend reports via the country's Ministry of Energy.

The strategic roadmap was detailed during a seminar-workshop in Astana attended by state officials, natural monopoly entities, and industrial associations.

Under the national project's established timeline, the state plans to modernize the assets of more than 200 natural monopoly entities and at least 60 electricity and heat supply organizations. The initiative aims to systematically reduce accident rates and infrastructure depreciation across the country.

To integrate domestic industries into these upgrades, organizers outlined plans to establish a registry of domestic goods producers, a production map, and an infrastructure deficit map. Future procurement strategies will focus on expanding the use of off-take contracts, offset agreements, refined tariff methodologies, and dedicated funding sources for automation and instrumentation technologies.

--

MENAFN22052026000187011040ID1111155906



Trend News Agency

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search