Today the management of Samruk-Kazyna and Kazakhstan Investment Development Fund met with Mr. Abdullah Zayed, the Head of the Development & Investment (Central Asia & Russia), MASDAR.

The parties discussed the conditions for the joint implementation of the project for the construction of a new wind power plant with an installed capacity of up to 1 GW with an energy storage system in Zhambyl region together with Masdar and KIDF.

At the moment, Samruk-Kazyna is working on the issue of joining the project as a third participant. The first step will be the signing of a Cooperation agreement.

For information: Masdar was founded in 2006 and is a world leader in the field of renewable energy and green hydrogen with a total renewable energy generation of more than 23 GW. Over the past decade, the company has developed solutions in the field of clean energy, sustainable real estate and environmentally friendly technologies in the UAE and around the world.