Samruk-Kazyna Invest and HEVEL KAZAKHSTAN (Hevel Kazakhstan) signed a Memorandum of Understanding Within the St. Petersburg International Economic Forum of 2019

On June 7, 2019, within the framework of the St. Petersburg International Economic Forum 2019, Samruk-Kazyna Invest LLP and HEVEL KAZAKHSTAN (Hevel Kazakhstan) LLP signed a Memorandum of Understanding. The parties expect that the Memorandum will become an important mechanism for improving the competitiveness of business in the Republic of Kazakhstan, will create the basis for the development of close commercial ties and increase bilateral investment and technology transfer in the field of renewable energy sources (RES).

Kazakhstan became the first state in Central Asia to create an organizational and legal basis for the transition to “green growth”.
In 2013, the Concept of Transition to a “Green Economy” and the Law “On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Supporting the Use of Renewable Energy Sources” was adopted. These documents are aimed at the successful development of renewable energy sources, as well as support of investors in this field.
Being a national welfare fund, Samruk-Kazyna is actively involved in the implementation of the national energy development program in the country.
For reference:
Hevel Group of Companies was founded in 2009 and is the largest integrated company in the field of solar energy in Russia.
Activities focus on high-tech production of solar modules, the construction and operation of solar power plants, as well as research activities in the field of solar energy.
The company provides a full range of services - from the production of solar modules to the design, construction and operation of photovoltaic systems.
The development division of GK Hevel - LLC Avelar Solar Technology was declared the winner of the auction bidding for the construction of two SESs with a total installed capacity of 70 MW (20 MW and 50 MW) in the southern zone of Kazakhstan.
At the same time, for the next 2 years, the project portfolio of Hevel GC assumes the implementation of 300 MW projects in Kazakhstan.

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