Svevind starts pre-FEED for green hydrogen project in Kazakhstan with over 50 bln euros of investment

ASTANA. Nov 7 (Interfax) - Svevind has started a pre-FEED for a green hydrogen project in Kazakhstan with over 50 billion euros of investment.

Kazakh President Kassym-Jomart Tokayev received Svevind Energy Group CEO Wolfgang Kropp to discuss preparations for Hyrasia One's project in the Mangistau region for green hydrogen production, the presidential press service said in a Tuesday statement.

"The head of state was informed about the start of a preliminary front-end engineering and design program (pre-FEED) as part of the investment agreement that was signed during the visit of the European Council President Charles Michel to Kazakhstan last year," the statement says.

The project is aimed at construction and operation of a desalination plant, wind and solar farms with an installed capacity of 40 GW, a water electrolysis plant that will annually produce 20 GW, 2 million tonnes of green hydrogen or 11 million tonnes green ammonia, according to the statement.

Investment in the project is preliminarily estimated at 50 billion euros, but the final decision on the amount of investment will be announced in 2026.

Kropp told the president that the design documentation will be completed by 2026, construction of infrastructure is expected to begin in 2027, and the commissioning of all facilities are anticipated to take place in 2032, the statement says.

Tokayev said that it is of paramount importance for Kazakhstan that Hyrasia One's project should be completed on time.

In October 2002, Hyrasia One and the government of Kazakhstan signed an investment agreement in Astana in the presence of Kazakh President Kassym-Jomart Tokayev and European Council President Charles Michel.

The agreement provides for construction of wind farms and photovoltaic power stations that will generate 120 TWh of electricity per year. This energy from the wind and sun will then be transported close to the Kazakh coastal city of Kuryk to produce green hydrogen via water electrolysis - through what is known as "power-to-gas." The electrolyzers have a total capacity of 20 GW and can supply 2 million tonnes odd green hydrogen a year.

German-Swedish Group Svevind develops, designs, sells and operates onshore wind power and solar farms as well as green hydrogen projects. Hyrasia One is a Kazakhstan-based subsidiary of Svevind Energy Group.