Chinese companies interested in implementing projects in Kazakhstan
During a working trip to China, Chairman of the Management Board of JSC "NC "KAZAKH INVEST" Yerzhan Yelekeyevheld several meetings with representatives of large Chinese companies to expand investment cooperation,El.kz cites invest.gov.kz.
During his trip to China in August of this year, the Chairman of the Management Board met with the leadership of Fufeng Group, CHN Energy, and China Huadian Corporation. During a repeat meeting with the Chairman of the Board of Directors of Fufeng Group, Li Xuechun, the head of the national company discussed the status of the company's project to build a vertically integrated industrial park for deep processing of corn with a production capacity of 500 thousand tons per year with the creation of 1 thousand jobs. The industrial park will include a starch production plant, an amino acid fermentation plant, a coal-fired thermal power plant, and a wastewater treatment plant. To date, Fufeng Group is searching for a suitable land plot.
At a meeting with the Chairman of the Board of Directors of CHN Energy, Dr. Liu Guoyue, the parties discussed the company's plans for implementing a project in the field of coal chemistry in Kazakhstan. In September of this year, KAZAKH INVEST organized a visit of the company's technical team to Kazakhstan to visit coal deposits and collect material for chemical analysis. The minimum investment cost for successfully implementing such a project may be $4 billion.
At the same time, Jiang Yi, Chairman of the Board of Directors of China Huadian Corporation, discussed the project's progress for constructing a combined-cycle gas plant with a capacity of 160 MW and a cost of $190 million in the Mangystau region. Construction is scheduled to begin at the end of this year, and the plant is expected to be commissioned in 2027. In parallel, the company is working on implementing several investment projects in renewable energy and is exploring the possibility of participating in projects to modernize existing power plants in the Republic of Kazakhstan.
Wanlin Group founder Li Yantaodiscussed the company's plans to build a factory producing dehydrated onions. The company has successfully carried out a test planting of onions in 4 southern regions of the country and is currently engaged in crop analysis. Based on the results of the analyses, the location of the future plant will be determined. The amount of investment in the first stage of the project will be about $30 million.
Meanwhile, the Chairman of the Management Board held a meeting with the management of several companies planning to implement projects for deep processing of wheat, the total cost of all stages of projects of which may exceed $ 2 billion. Thus, a consortium of Chinese companies led by Sichuan Lomon Corporation is considering building a complex for deep wheat processing in the Almaty region. Dalian Hesheng Holdingsis working on a similar project in the Akmola region.
Xiong Xiong, Chairman of the Board of Directors of Shanghai Shanyuhai Investment Group, discussed the progress of the construction of a mining and processing plant worth $200 million with the creation of 500 jobs. The start of production in the Almaty region is planned for 2025. An initiative to build an industrial cluster for the production of steel and steel products was discussed with representatives of Beijing Jianlong Heavy Industry Group. The company has extensive experience producing high-quality steel later used in the automotive and electronic industries. Beiqi Foton Motor already has successful experience in assembling cars in Kazakhstan. In this regard, the company expressed interest in investing in a project to build a commercial vehicle assembly plant in Kazakhstan.
In addition, Y. Yelekeyev held meetings with representatives of companies such as Jiangsu Seraphim Power Development, Longbai Group, Xinyi Group, and Beiqi Foton Motor. With representatives of Jiangsu Seraphim Power Development, the Chairman of the Management Board discussed the company's plans to create a complete cycle of solar panel production in Kazakhstan. Prospects for possible investment by the company in a project to develop a vertically integrated titanium production plant in Kazakhstan were discussed with Longbai Group.
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