Shorouk Express 
ASTANA, Kazakhstan, December 11. Kazakh
authorities are in talks with Chinese company Zhongyoung Power
(Yunxi) Group Co. about potential investment in the modernization
of Kazakhstan’s energy infrastructure, Trend reports via Kazakh Invest.
The discussions took place during a meeting between Kazakhstan’s
Deputy Minister of Foreign Affairs Aliбек Kuantyrov, Deputy
Chairman of the Board of Kazakh Invest Madiyar Sultanbek, and
Zhongyoung Power’s CEO Li Tianzhang.
The Chinese company has expressed interest in participating in
Kazakhstan’s national project focused on the modernization of
energy and utility infrastructure, which encompasses a wide array
of facilities in need of renovation and upgrades.
Li highlighted that Zhongyoung Power is open to various
investment models, including public-private partnerships (PPPs) and
return-on-investment schemes through tariff mechanisms, which align
with international standards in infrastructure financing. He
further noted the company’s intention to source some of the
necessary equipment locally, such as transformers and other
components, from Kazakh manufacturers.”
The discussions also explored potential involvement in the
modernization of substations, the replacement of outdated
equipment, the construction of new transformer facilities, and the
implementation of advanced solutions for medium- and high-voltage
networks.
Meanwhile, Kuantyrov highlighted that energy sector
modernization is a strategic priority for Kazakhstan, requiring
reliable technological partners with international experience. He
suggested that PPPs and tariff mechanisms could be integrated into
existing legal frameworks, provided they meet industry
standards.
Additionally, he proposed that Zhongyoung Power consider
localizing some of its manufacturing operations in Kazakhstan,
given the potential for cooperation with local enterprises on
long-term energy projects.
The parties agreed to continue discussions on collaboration
options, including assessing the localization of production and the
technical parameters of the projects. A separate meeting with
Kazakhstan’s Ministry of Energy has been arranged for the Chinese
delegation to review industry requirements, infrastructure needs,
and potential areas of cooperation in the energy sector.
According to Kazakh Invest, Zhongyoung Power is one of China’s
largest companies in the production of power transformers and
comprehensive energy solutions.
