Indian companies to build power plants in Kazakhstan


ASTANA (TCA) — Indian companies will take part in construction of solar and coal power plants in Kazakhstan. NTPC Limited, India’s largest power conglomerate, has signed a Memorandum with Kazakh Invest national investment support and promotion company, during a Kazakhstan delegation visit to India. The delegation, headed by Minister of Energy Kanat Bozumbayev, participated in the largest international conference PETROTECH-2019 dedicated to the renewable energy and the development of exploration and mining technologies, Kazakh Invest reported.

During the Ministerial Session on ‘Collaborating for a sustainable and secure energy access for all’, Kanat Bozumbayev spoke about Kazakhstan’s energy potential, the modernization initiative and investment opportunities in the energy industry in Kazakhstan.

Bozumbayev also had a meeting with Dharmendra Pradhan, the Minister of Petroleum & Natural Gas of India. The parties discussed potential collaboration in the O&G sector as well as prospects of cooperation between Kazakh and Indian companies for O&G exploration and development.

During the meeting with N. Sivasailam, the Department of Commerce Special Secretary, the Kazakhstan delegation discussed opportunities for trade, economic and investment cooperation, the advantages of logistics integration as well as economic benefits of exploring transit capabilities of both countries. The emphasis was made on the proposal of Kazakhstan to create a Consortium that would connect the railway networks of Kazakhstan, Turkmenistan and Iran to the Chabahar port and thus enable transportation of goods from Central Asia to India.

Along with this, E. Kosherbayev, the Kazakh Deputy Minister of Foreign Affairs, and B. Sarsenbayev, the Ambassador of Kazakhstan to India, met with P. Saran, the Deputy National Security Adviser of India. The parties agreed to conduct the 3rd Meeting of the Security Council of Kazakhstan and India in March 2019.

Sergey Kwan