A commemorative photo is taken after signing a MOU for cooperation on the development of Kazakhstan’s power generation industry 

at Doosan Enerbility’s headquarters in Changwon, South Gyeongsang Province. (Doosan Enerbility)

According to Pulse by Maeil Business News Korea,

Doosan Enerbility Co. has signed a memorandum of understanding (MOU) with Kazakhstan’s Ministry of Energy to cooperate on the development of the Central Asian country‘s power generation Industry, the South Korean supplier of nuclear reactors said on Thursday.

Under the MOU signed on Wednesday, the two sides plan to expand cooperation for the development and modernization of Kazakhstan’s power industry.

Following the signing of the MOU, Kazakhstan’s Minister of Energy Almassadam Satkaliyev visited Doosan Enerbility’s headquarters in Changwon, South Gyeongsang Province, where he toured facilities including the nuclear plant that produces core equipment for Korean-style nuclear power plants, the plant for producing large gas turbines, and the ammonia co-firing demonstration plant.

The minister was accompanied by the directors of Kazakhstan’s Department of International Cooperation, Department of Nuclear Industry, and the general director for the country’s new nuclear power plants.

Kazakhstan is considered a country with great potential for power industry development as its fossil fuel power generation capacity is close to 80 percent of its entire power generation. More than half of the country’s thermal power plants are over 30 years old and need renovation as well as modernization.

The Kazakhstani government has declared plans to become carbon neutral by 2060 and build two nuclear power plants in the Ulken region.

“Our carbon-free power generation technologies, including nuclear, small modular reactors (SMR), and gas turbines, will be the most efficient and effective alternative for Kazakhstan’s power generation plans,” Kim Jeong-gwan, who heads of Doosan Enerbility’s Marketing Division, said.

Doosan Enerbility had also signed a 1.15 trillion won ($832.54 million) contract in 2023 to build a combined cycle power plant in Kazakhstan’s southern Shymkent region.


By Pulse

Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.

Source: Pulse by Maeil Business News Korea (October 24, 2024)