Belgian company ready to invest in alternative energy projects in Kazakhstan


ASTANA (TCA) — The management of the Belgian company QWAY energy has arrived in Shymkent in the South Kazakhstan region to meet with local businesspeople at the region’s Chamber of Entrepreneurs and discuss a renewable energy project, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported.

300 days of sunshine out of 365 days a year — this natural characteristic of the South Kazakhstan region has become a tipping point in the decision of Belgian investors to implement joint alternative energy projects in the region.

Luc Graré, CEO and Managing Director of QWAY energy, said that in May 2017, the company founded a subsidiary in Astana and currently participates in the development of 300 MW solar energy projects, 15 MW of biogas, 50 MW hydro-power and several wind power projects in Kazakhstan.

Luc Graré expressed interest in the participation of local companies in the projects for the construction, development, modernization, expansion and reconstruction of Kazakhstan’s hydroelectric stations, solar stations and wind farms. “There are a lot of projects in Kazakhstan in this direction which require investments,” he said. “Our company is ready to invest its own funds, as well as borrowed funds from other investors, and thus become a bridge between Europe and Kazakhstan, attracting not only financing, but also modern technologies, construction companies, equipment and suppliers. At the international level, we have an extensive network of partners, in order to provide the necessary financial resources for the implementation of projects.”

Sergey Kwan