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Cooperation agreement signed with JSC “Samruk-Energy” in Kazakhstan

Update:2014-12-26

The second plenary meeting of the China-Kazakhstan Entrepreneurs' Committee was convened in Astana on December 14, 2014, attended by CTG Vice President Lin Chuxue and CWE President Wang Yu. Under the witness of Chinese Premier Li Keqiang and Kazakhstan Prime Minister Karim Massimov, a cooperation agreement was signed by and between CWE and Samruk-Energy on the power development in Chilik basin in Kazakhstan.


Before the agreement signing, Lin Chuxue and Almasadam Satkaliev, Chairman of the Board of JSC "Samruk-Energy", held a meeting, during which Lin Chuxue introduced the operation and development strategies of CTG while his Kazakhstan counterpart expressed admiration to CTG's capability to do hydropower development and internationalization as well as willingness to cooperate with CTG and CWE towards foreseeable great prospects. The parties also looked back on their successful cooperation on the Moinak Hydropower project, exchanged ideas on implementation of the Chilik basin development and the Kyle Braque project, and further discussed long-term cooperation in fields of hydropower, wind power, solar power and other renewable energies in Kazakhstan.


In the energy session of the China-Kazakhstan Entrepreneurs' Committee, President Wang Yu made a keynote speech with the caption "CWE's Cooperation and Vision of developing Renewables in Kazakhstan".


The cooperation agreement on Chilik basin development amounts to more than USD 1.8 billion, covering hydropower, wind power, transmission and transformation projects. The signing of this agreement marks another solid step by CWE in developing renewables in Kazakhstan after its execution of the Moinak Hydropower Project. CWE's chief engineer Chen Xianming and the general manager of CWE's International Business Department 6 also participated in the activities.


(Translator: Jin Fang, Proofreader: Ma Li)


The cooperation agreement on Chilik basin development is signed, witnessed by prime ministers of China, Kazakhstan.

Presence at the second plenary meeting of China-Kazakhstan Entrepreneurs Committee.

Chairman of JSC “Samruk-Energy” presented a Kazakhstan national costume to Lin Chuxue as a gift to the distinguished guest.