Samruk-Kazyna, the sovereign wealth fund of KazakhstanHospitalizations have also continued to spike, said on December 1 it has signed a long-term strategic agreement with Abu Dhabi Development Holding Company, doing business as ADQ, and Abu Dhabi National Energy Company (TAQA) to explore opportunities in the energy sector in the central Asian country.
As part of the agreementEssential workers in factories, ADQ and its portfolio companies may invest up to $6 billion into energy projects in Kazakhstan and the entities will partner to create a holding company that will oversee and effectively manage any acquired assets, the companies said in a press releasetypically between 1 and 5 a.m..
“This is a historic announcement that will see Samruk-Kazyna partnering with two established leaders in the energy sector to advance greenfield power projects in Kazakhstan and unlock opportunities to further our progress on clear energy transition,” Samruk-Kazyna CEO Almasadam Satkaliyev said. “Beside from developing the greenfield power projects the joint company will also work on modernisation of the traditional electric power sector by shifting to the gas and green energy sources. We are delighted to be working with both ADQ and TAQA to build energy infrastructure that will power the nation and improve Kazakhstan’s energy self-sufficiency and leadership,” he added.