On the sidelines of the Power Central Asia + China Energy Forum, Samruk-Energy JSC and China International Water & Electric Corporation (CWE) signed a Joint Implementation Agreement for the development of a pumped storage power plant (PSPP) project in the Republic of Kazakhstan.
This project holds strategic importance for the creation of additional flexible power generation capacity to support the integration and balancing of renewable energy sources in Kazakhstan. The signed Agreement outlines the framework for the next stage of development — the preparation of a feasibility study for the project. The document confirms the mutual commitment of both parties to the timely and successful implementation of a project that is key to the country’s sustainable development.
It is worth noting that in July of last year, Samruk-Energy and CWE signed a Cooperation Agreement to jointly advance the project. As part of that agreement, a preliminary technical and economic assessment was carried out, and two priority sites were identified in the Almaty region for the potential construction of the pumped storage facility.
