The Kazakh Deputy Prime Minister and Foreign Minister Murat Nurtleu held discussions with representatives of foreign companies to advance joint investment projects in Kazakhstan, reported the ministry press service on Nov.17.
In a meeting with officials from the French company Total Energies, the parties explored future cooperation, emphasizing hybrid projects incorporating renewable energy sources. Talks also included plans to construct a one-gigawatt wind power station in the Zhambyl Region.
Total Energies, a major global energy company with a 30-year presence in Kazakhstan, expressed interest in broadening investment collaboration with the country.
Murat Nurtleu, the Kazakh Deputy Prime Minister and Foreign Minister and Marco Arcelli, the Chief Executive Officer of ACWA Power. Photo credit: MFA’s press service.
ACWA Power envisions establishing long-term cooperation with Kazakhstan and expanding its investment initiatives in the country, focusing on water desalination and green hydrogen production projects.
In an interview with The Astana Times, ACWA Power’s CEO Marco Arcelli expressed optimism about Kazakhstan’s significant potential in the renewable energy sector. Diversification is not only crucial for Kazakhstan’s decarbonization goals, he said but is also driven by global trends, particularly the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM).
“If Kazakhstan wants to export to Europe, it will need to decarbonize the economy very quickly,” Arcelli said.
The mechanism, set to tax carbon-intensive imports, propels countries worldwide to streamline their decarbonization efforts.
The Embassy of the Republic of Kazakhstan in the Kingdom of Sweden and in the Kingdom of Denmark was opened on March 8, 2014 by direct decree of the President of the Republic of Kazakhstan with a view to strengthening diplomatic relations. The site is introduced to keep the wide public informed on activity of the diplomatic mission in Sweden, and to provide information support for the citizens of Kazakhstan who live in Sweden and foreigners who are going to visit Kazakhstan as tourists or businessmen.