The Kazakh Ministry of Energy and the French Ministry for Europe and Foreign Affairs Sign Intergovernmental Agreement for Wind Power Plant Construction
On 30 November 2022 in Paris (France), Bolat Akchulakov, Minister of Energy of Kazakhstan, on behalf of the Government of the Republic of Kazakhstan, signed a Special Agreement with the Government of the French Republic on Cooperation in Combating Global Warming (Agreement).
The Agreement aims at promoting long-term bilateral cooperation between the Republics, in particular, in the field of decarbonisation and renewable energy sources (RES).
With the development of major projects that meet the objectives of the Renewable Energy and Green Technology Agreement, the Republic of Kazakhstan is much closer to achieving its goal of increasing the share of renewable energy to 15% of electricity generation by 2030.
One of such major projects to be implemented in 2026 is the construction of 1GW Wind Power Plant with 300MW-600MWh electricity storage system in Zhambyl Region (Mirny Village) by the long-term independent power producer Total Eren and Samruk-Kazyna Group.
Earlier in Paris, Samruk-Kazyna (20%), KazMunayGas (20%) and Total Eren (60%) signed a Term Sheet for the project. This document formalises the basic terms of a joint venture, shareholdings, timing and form of the transaction, sources of financing, etc.
The construction and commissioning of 1 GW Wind Power Plant meets the Parties' objectives of reducing their carbon footprint, and contributes to Kazakhstan's goal of achieving carbon neutrality by 2060.