Project 2
Wind and Solar Power Stations
Location: Kentau, Kazakhstan
Sector: Energy
Initiative: BRI
Source of funding: Zhenfa Holdings Group Co. Ltd – USD 154.5 mln
Total cost: USD 154.5 mln
Implementer: Zhenfa Energy Company
Operator: Zhenfa Energy Company
Start (of construction): August, 2018
Planned completion: 2020
INVESTORS SUMMARY
Jiangsu Zhenfa Holdings Group Co. Ltd
Zhenfa was founded in 2004, and are committed to the development of the photovoltaic industry. Currently, they own 40 power plants in China and provide 10 percent of the Chinese market with photovoltaic power stations. Recently, the corporation completed a four-gigawatt power plant. The investment company cooperates with the China Energy Conservation Association and the China Guangdong Nuclear Power Group. The company’s branches are located in Turkey, Pakistan, the U.S., and other countries.
DESCRIPTION OF THE PROJECT
In August of 2018 China’s Jiangsu Zhenfa Holdings Group Co. Ltd investment company began construction on wind and solar power stations in the South Kazakhstan region. The new facilities are expected to generate 50 megawatts per hour of wind power and 30 megawatts per hour of solar energy. The project is anticipated to be completed sometime in 2020. Both sides have discussed the inclusion of this project in the list of priority projects of cooperation within the Programme on Industrialisation and Investments implemented between Kazakhstan and China.
THE PURPOSE OF THE PROJECT
Nuryshev has stated that “Kazakhstan attaches great importance to the development of alternative energy sources”. The purpose of this project is to establish alternative energy sources within the country. This particular project will supply power to the surrounding area of Shymkent.
LINKS
1. Chinese company to build wind and solar power stations in Kentau Powerexpo.kz
2. Chinese company to build wind and solar power stations in Kentau The Astana Times
3. Chinese company to build wind and solar power stations in Kentau Kazakhstan Newsline
4. Chinese company to build wind and solar power stations in Kentau Embassy of Kazakhstan to Canada Weekly News Review