Astana, December 10, 2025 – Alibek Kuantyrov, Deputy Minister of Foreign Affairs of the Republic of Kazakhstan, and Madiyar Sultanbek, Deputy Chairman of the Management Board of NC “Kazakh Invest” JSC, held a meeting with Li Jianjiang, General Manager of Zhongyoung Power (Yunxi) Group Co., Ltd. The company expressed interest in participating as an investor in the modernization of Kazakhstan’s power infrastructure.

The Chinese side voiced interest in participating in the National Project “Modernization of the Energy and Utilities Sectors,” which identifies a broad range of facilities requiring renovation, upgrades, and modernization. Li Jianjiang emphasized that Zhongyoung Power is ready to consider various investment participation formats, including public-private partnership (PPP) mechanisms and tariff-based investment recovery models, in line with international infrastructure financing practices. He also noted the company’s intention to utilize locally produced equipment and transformers manufactured in Kazakhstan in implementing its projects.

The parties discussed potential involvement of the company in modernizing substations, replacing outdated equipment, constructing new transformer capacities, and introducing advanced solutions for medium- and high-voltage networks.

During the meeting, Alibek Kuantyrov underlined that modernization of the energy sector is a strategic priority for Kazakhstan and requires engagement of reliable technology partners with global expertise. He noted that PPP and tariff-based mechanisms can be applied under the current legal framework, provided they meet sectoral standards. The Deputy Minister also proposed that the company localize part of its equipment production in Kazakhstan, emphasizing opportunities for cooperation with local enterprises in implementing long-term energy projects.

In turn, Madiyar Sultanbek briefed the partners on state support instruments and opportunities for participation in national and regional power grid modernization programs. He highlighted Kazakhstan’s readiness to consider proposals aimed at improving energy reliability, efficiency, and the adoption of modern technologies.

The parties agreed to continue in-depth discussions on potential cooperation formats, including localization assessments and project technical parameters. As part of the follow-up work, a separate meeting was organized for the Chinese delegation with the Ministry of Energy of the Republic of Kazakhstan to discuss sectoral requirements, infrastructure needs, and potential areas of partnership in the energy sector.

Zhongyoung Power is one of China’s top three manufacturers of power transformers and integrated energy solutions, with extensive experience in renovation and modernization of power infrastructure across Eastern Europe, including substation upgrades, transformer installations, and electricity distribution systems. The company implements full-cycle projects – from equipment manufacturing to EPC contracting and long-term operation.

Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/1123474?lang=kk