QIC has signed a framework agreement on investment cooperation in the energy sector with China Huadian Overseas Investment Ltd

President of the Republic of Kazakhstan K.K. As part of Tokayev's official visit to the People's Republic of China, Kazakhstan Investment Corporation JSC (QIC) signed a framework agreement on investment cooperation in the field of energy with China Huadian Overseas Investment Ltd, a subsidiary of Baiterek holding.

The Minister of Energy of the Republic of Kazakhstan (EM of the Republic of Kazakhstan) A. Satkaliyev, Chairman of the Board of QIC A. Kuatova, as well as the Chairman of the Board of Directors of China Huadian Overseas Investment, Qu Tiangen, signed.

The agreement is aimed at solving the tasks set in the framework of the Address of the Head of State to the people of Kazakhstan on September 1, 2023. Among them, ensuring the country's energy security by introducing new capacities (including renewable energy sources stations), as well as increasing the investment attractiveness of the Republic of Kazakhstan for foreign capital, including in the energy sector.

To fulfill these goals, the cooperation of the parties is focused on the phased implementation of investment projects in the sector of renewable energy sources and maneuvering capacities in the territory of the Republic of Kazakhstan.

It is planned to create a specialized working group within the framework of the implementation of the terms of the agreement, its members will exchange information and determine the list of projects, analyze them, and also ensure the development of the necessary documentation.

It is planned to organize joint seminars and trainings for the training of Kazakhstani specialists and to improve their qualifications within the framework of the implementation of the projects.