Kazakhstan and China sign 10 agreements for new plants and wind farms

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Kazakhstan and China signed 10 investment agreements covering aluminum, wind power, automotive, fertilizer, and finance projects. The deals include a 300,000-tonne aluminum plant in Abai region and a 1 GW wind farm. They were signed during the Kazakhstan-China forum.
Key Facts
- Kazakhstan and China signed 10 agreements at the Kazakhstan-China forum.
- An aluminum plant with capacity of 300,000 tonnes per year and a 1 GW wind farm are planned for Abai region.
- A 450 MW wind farm is planned for Akmola region under an agreement with SUNGROW Renewable Development Co., Ltd.
- Development Bank of Kazakhstan and China Construction Bank Corporation Astana Branch agreed on financing of 2 billion yuan.
- Almaty akimat, SPK Almaty, and Guotai Junan Securities (Hong Kong) Limited signed a memorandum on issuing dim sum bonds on the Hong Kong Stock Exchange.
Aluminum and Wind Power
An electrolytic aluminum plant with capacity of 300,000 tonnes per year and a 1 GW wind farm are planned for Abai region. The projects will be implemented with participation of Xinjiang Sanbao Industrial Group Co., Ltd. and Inner Mongolia Wanjiang Investment Co., Ltd. A particleboard plant with capacity of 2 million sheets per year is planned in Semey. China Energy Overseas Investment Co., Ltd., Samruk-Energy, and SANY Renewable Energy Co., Ltd. signed an agreement to jointly develop two 500 MW wind farms, two 150 MW/300 MWh energy storage systems, and an 800 km 500 kV transmission line.
Automotive and Fertilizer
A high-tech automotive manufacturing complex will be built in East Kazakhstan region by East Motors Corporation. The complex will include full production cycle for passenger cars, trucks, specialized vehicles, and engines. A urea fertilizer plant is planned in Turkistan region under an agreement between the regional akimat and Turan Chemical Company.
Finance and Bonds
Silk Road Finance Corporation and Kazakh Invest agreed to create an investment fund at the Astana International Financial Centre to finance promising projects in Kazakhstan. Almaty akimat, SPK Almaty, and Guotai Junan Securities (Hong Kong) Limited signed a memorandum on issuing dim sum bonds denominated in offshore yuan on the Hong Kong Stock Exchange. Development Bank of Kazakhstan and China Construction Bank Corporation Astana Branch agreed on financing of 2 billion yuan. A multifunctional complex with an international brand hotel will be implemented in Almaty by the akimat, Everest Development, and SunnyWorld Group.