ASTANA. May 18 (Interfax-Kazakhstan) - China Power International Holding Ltd. (CPIH) and China's SANY Renewable Energy will build a 1GW wind farm in the Zhambyl region, Kazakhstan's Sovereign Wealth Fund Samruk-Kazyna said in a press release.
A memorandum of cooperation was signed on Thursday in Xi'an by Samruk-Kazyna, the Kazakh Ministry of National Economy, CPIH and SANY Renewable Energy to carry out the project. The document was signed during the official visit of President of Kazakhstan Kassym-Jomart Tokayev to China.
The project will increase Kazakhstan's total power generation from renewable energy sources by 40%.
In addition, CPIH will build in Kazakhstan factories that will produce towers, nacelles and blades for wind turbines.