Kazakhstan to attract 13 trillion tenge for modernizing utility and energy sectors

Kazakhstan to attract 13 trillion tenge for modernizing utility and energy sectors

More than 13 trillion tenge in investments will be required to implement Kazakhstan’s National Project for modernizing the energy and utility sectors. These funds are set to be allocated for the construction and reconstruction of 86,000 kilometers of utility networks, as well as the commissioning of new power generation sources with a total capacity of 7.3 GW. Plans for next year include attracting nearly one trillion tenge in investments, modernizing 10,000 kilometers of networks, and updating 46,000 units of equipment. According to the Deputy Prime Minister, a detailed implementation plan for the National Project will be published closer to the end of the year. The project also includes the modernization of canals and reservoirs, the expansion of water-saving technologies, and strengthening the operations of the Kazakh Ministry of Emergency Situations. A total of 224 companies have been tasked with implementing all planned activities.

«The plan envisions the construction and modernization of 42 reservoirs and 14,500 kilometers of main canals over the next few years, prioritizing major repairs. In addition, we must digitize the sector. Such technologies already exist globally, and we have engaged leading companies – some are establishing their factories here, while others are launching joint ventures with us. These modern technologies, used by advanced countries, are extremely important for us,» said Kazakh Deputy Prime Minister Kanat Bozumbayev.