Masdar invests $1.4 billion in a 1 GW wind farm construction project in Zhambyl region

Masdar invests $1.4 billion in a 1 GW wind farm construction project in Zhambyl region

15.01.2025 21:13:42 1848

As part of his working visit to Abu Dhabi, Kazakh President Kassym-Jomart Tokayev held a meeting with Masdar Chief Executive Officer Mohammed Al-Ramahi. akorda.kz .
The Head of State stressed that the partnership between Kazakhstan and Masdar has reached a qualitatively new level. He noted that the parties had successfully signed all the necessary agreements for the implementation of a major 1 GW wind farm construction project in Zhambyl region. The volume of investments in this project will amount to $ 1.4 billion.
In turn, Mohammed Al-Ramahi informed the President about the company's plans to start construction work and expressed interest in using local components to produce wind turbines as part of this project.
An exchange of views took place regarding the further expansion of Masdar's presence in Kazakhstan and the implementation of new significant projects in the field of renewable energy and digitalization.

Source : https://www.gov.kz/memleket/entities/zhambyl/press/news/details/918322