The "Baiterek" National Managing Holding held a meeting with the largest Chinese investor in the field of renewable energy.
Chairman of the Management Board of “Baiterek” National Managing Holding JSC, Rustam Karagoyshin, held a meeting with the leadership of Golden Concord Holdings Limited (GCL Group), one of the world’s leading companies in green energy. GCL Group is listed among China’s top 500 private companies and among the top 500 global enterprises in the new energy sector.
The meeting was held within the framework of a Memorandum of Cooperation signed between “Baiterek” National Managing Holding JSC and “Qaragandy Power Silicon” LLP for the establishment of a silicon cluster in the “Saryarka” Special Economic Zone in the Republic of Kazakhstan.
In partnership with GCL Group, “Qaragandy Power Silicon” LLP plans to create a full-scale production cycle, including the construction of its own power generation facilities, quartz mining, production of metallurgical-grade silicon, as well as the manufacturing of solar panels and their components.
The meeting was attended by Deputy Chairman of the Management Board of “Baiterek” Holding, Zhandos Shaikhi, as well as representatives of its subsidiaries — Development Bank of Kazakhstan JSC, Export Insurance Company JSC, and Industrial Development Fund JSC.
From the Chinese side, the meeting was attended by the Founder and Chairman of the Board of Directors of GCL Group, Mr. Zhu Gongshan, along with members of the company’s top management.
“Baiterek” Holding expressed its readiness to provide comprehensive support for the silicon cluster projects through the tools and instruments of its subsidiaries. During the dialogue, the strategic importance of cooperation between Kazakhstan and China in the fields of sustainable development and decarbonization was emphasized.
Chairman of the Management Board of “Baiterek” Holding, Rustam Karagoyshin, thanked the Chinese partners for their interest in investing in Kazakhstan and stated:
“Developing projects with green energy leaders such as GCL Group is an important step toward creating a new technological and industrial base in Kazakhstan. These joint initiatives not only strengthen economic ties with China but also contribute to ensuring the energy and environmental security of our countries.”
In the near future, the parties plan to move forward with the development of concrete investment solutions and technological roadmaps for projects that are of high priority for both the business sector and national policies aimed at sustainable growth.
