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Kyrgyzstan’s Cabinet of Ministers has signed an investment agreement with Vietnam’s RECA LLC, Rox Energy Global for the construction and operation of a solar power plant in the village of Kyzyl-Oruk, located in the Issyk-Kul region. The agreement was signed by Kyrgyz Energy Minister Taalaibek Ibrayev and senior representatives of the Vietnamese firms, which are part of ROX Group, one of Vietnam’s leading conglomerates. Discussions covered key implementation stages, including land allocation by the Kyrgyz government, grid integration, and state-supported incentives for the project . The solar plant is designed to have a capacity of 1,900 MW and is scheduled for completion in 2027. The project will be financed through foreign direct investment. Founded in 1996, ROX Group operates across several sectors including real estate, technology, hospitality, and financial services, and is actively expanding into international markets, particularly in Europe. In Kyrgyzstan, the company is also behind the construction of the Royal Central Park residential complex in Bishkek. The solar power initiative is fully aligned with Kyrgyzstan’s national strategy to diversify its energy portfolio, increase electricity generation from renewable sources, and address persistent energy shortages across the country.
On December 18, the Bishkek City Administration signed a public-private partnership agreement with a consortium of Vietnamese companies - SFC Investment Development for Environment and Phu Dien Investment Construction and Trading. The agreement outlines plans for the reconstruction and modernization of the city’s wastewater treatment facilities. The project aims to comprehensively upgrade Bishkek’s municipal wastewater treatment infrastructure using cutting-edge technologies. Key initiatives include: Equipping the municipal water supply company’s laboratory with advanced water quality analysis tools. Replacing outdated water chlorination systems with ultraviolet disinfection technology. Automating control processes for wastewater treatment. The modernization is designed to ensure that treated wastewater meets both national and European environmental standards. It also aims to reduce environmental impact through the introduction of odor treatment systems. Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture, and Processing Industry, Bakyt Torobayev, highlighted the urgency of such projects during the National Water Forum on November 29. Torobayev noted that only 39.5% of Kyrgyzstan’s 2,014 cities and villages currently have access to clean drinking water. Addressing the country’s water infrastructure needs will require an estimated $2 billion. The modernization of Bishkek’s wastewater treatment facilities represents a significant step forward in improving water management and ensuring sustainable development in Kyrgyzstan’s capital.
The Sovico Group, a leading investment conglomerate in Vietnam, is to modernize and further develop the infrastructure of Kazakhstan's Turkestan and Kyzylorda airports. As reported by Kazakh Invest, the deal was confirmed in a Memorandum of Cooperation, signed in Astana between Sovico Group Chairman Dr. Nguyen Thanh Hung and Deputy Governors of Turkestan and Kyzylorda regions. The Chairman of Sovico announced plans to increase the frequency of flights from Vietnam to Kazakhstan, as well as the group's potential development of Kazakhstan’s trade and logistics potential, particularly at the Khorgos hub on the Kazakh-Chinese border. The latter follows discussions with Kazakhstan President Kassym-Jomart Tokayev back in May, during which Nguyen Thanh Hung announced his company's interest in taking control of several airports and investing in logistics warehouses for the storage of goods produced in Vietnam and ASEAN countries for subsequent sale in Kazakhstan, Central Asian countries, the EAEU, and Europe. The Sovico Group has also announced plans to acquire Qazaq Air for the sum of approximately $4.2 million by the end of September 2024; a move described by President Tokayev in July, as a demonstration of the Vietnamese conglomerate's ambitious plans to develop civil aviation in Kazakhstan and the region. In a country where rail is the main means of transport, the development of regional airports and domestic flights will have a significant impact on the passage of both cargo and people.
ASTANA (TCA) — The inaugural shipment of Kazakh wheat for the Vietnamese market arrived at the sea port of Ho Chi Minh City on March 4. This pilot delivery was carried out by KTZ Express, a subsidiary of national railways company Kazakhstan Temir Zholy (KTZ), and China-Kazakhstan International Logistics Company Lianyungang LLC, the official website of the Prime Minister of Kazakhstan reported. Continue reading
ASTANA (TCA) — On February 20 in Hanoi, the head of Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) Kanat Alpysbayev held talks with the Minister of Transport of Vietnam Truong Quang Nghia and General Director of Vietnam Railways Vu Ta Tung on bilateral transport cooperation, KTZ’s press service said. Continue reading
