China Power to invest $150 mln wind power project in Kazakhstan

ASTANA. May 31 (Interfax) - China Power International Holding Ltd. will invest $150 million in wind power project in the Zhambyl region of southern Kazakhstan.

The governor of the Zhambyl region, Nurzhan Nurzhigitov, discussed the project at a meeting with representatives of China Power International Holding Ltd., the local administration said in a press release.

China Power made a presentation of its projects for the construction of a wind turbine tower plant with total investment of $53 million, a wind turbine nacelle plant worth $25 million and a wind turbine blade plant that will cost $70 million, according to the press release.

Nurzhigitov said the local authorities would provide all necessary support to the Chinese investors under the Kazakh government programs.

Kazakhstan's Sovereign Wealth Fund Samruk-Kazyna said earlier this month that China Power International Holding Ltd. (CPIH) and China's SANY Renewable Energy will build a 1GW wind farm in the Zhambyl region in pursuance of the memorandum of cooperation signed on May 18 in Xi'an by Samruk-Kazyna, the Kazakh Ministry of National Economy, CPIH and SANY Renewable Energy. The document was signed during the official visit of Kazakh President Kassym-Jomart Tokayev to China.