AKIPRESS.COM - Kazakhstan and China signed a cooperation deal on implementation of projects in the field of renewable energy at the Kazakh-Chinese Business Council’s meeting on June 8 in Beijing.
Chairman of the Kazakh Invest Board Saparbek Tuyakbaev said that 15 projects, mainly innovative productions, were signed within the Business Council.
An agreement on the production of lubricants of high class, gasoline, diesel, mineral fuel and liquefied hydrocarbon gases was signed together with the Vice President of CITIC Construction Co. The agreements with Hebei Hua Tong Cable are aimed at a project for the production of cable products in the Karaganda region. With Farma Beychzhun-Ilin — an agreement on cooperation to create a center for Chinese medicine and cultivation of medicinal herbs, etc.
In addition, documents were signed on the development of a biochemical cluster in Kazakhstan between KazAzot, Cathay Industrial Biotech and CITIC Construction Co; road map for the further development of the automobile cluster between Group of Companies Allure JSC, the Chinese company SMS and Baiterek holding; a memorandum on the organization of assembly production of tractors between Agromashholding KZ and YTO, as well as an agreement on cooperation in renewable energy projects between Kazakh Invest, French ECM Technologies and the Chinese company CEEC-NWPC International.
$300 million investments for construction of solar stations in Kazakhstan will be attracted with the participation of NPWC and Chinese financial institutions.
In total of 40 economic documents for $13 billion were signed in Beijing.