Kazakh Prime Minister assigns to step up attraction of private investments

Those present debated the fund’s activities for 2024 and further development given the tasks set by the Head of State at the Government’s extended meeting.

Chairman of the Management Board of Samruk-Kazyna JSC Nurlan Zhakupov reported on the development of investment projects. He said power generating unit No.1 at the Ekibastuz GRES 1 power plant was restored to ensure continuous energy supply and expand its capacities up to 4,000 MW.

As stated there, a cargo terminal was built in Xi’an to cut delivery terms and raise the attractiveness of Kazakhstan routes. Over 250 km of gas pipes and 500 km of railways were built countrywide. Besides, unique projects such as the construction of a pumped-storage unit and the first digital substation in Astana were initiated.

Currently, the list of investment projects includes 46 projects in oil and gas, petrochemical, energy, transportation and logistics sectors up to 33.3 trillion tenge.

He said the gasification of 66 rural settlements in Zhetysu region will be completed this year thanks to the commissioning of the Taldykorgan-Usharal gas pipeline. The water shortage problem in Zhanaozen town and Mangistau region will be tackled due to the launch of fresh-water generating capacities of up to 50,000 cubic meters of water a day.

Special attention was paid to the construction of the second section of the Beineu-Bozoi-Shymkent gas pipeline called to increase carrying capacity up to 15 billion cubic meters a year.

He reminded the Head of State prioritized large infrastructure and industrial projects, the development of transportation and logistics, digitalization and AI. The Government will monitor the status of the development of the important projects. He also stressed the need to attract co-investors gradually reducing the share of the state in the economy.