WNAM REPORT: The Government has revealed the key areas of the national project to modernize energy and utilities sectors.
According to Industry and Construction Vice Minister Olzhas Saparbekov said that the project primarily focuses on supporting domestic manufacturers.
As he said, the project obliges to ensure the share of domestic products at 20% by 2025, with annual increases by 10% to achieve 60% by 2029. In this regard, a number of measures, including conclusion of offtake agreements to localize new productions in the country as well as establishment of an electronic procurement platform to ensure transparent supplier/contractor interaction, are in place.
The preliminary analysis showed that 1,049 commodity items worth 4.4 trillion tenge are needed under the national project to modernize energy and utilities sectors before 2029, said the vice minister.
According to the Industry and Construction Ministry, domestic companies fully meet the needs in reinforced concrete products, polyethylene pipes, boilers, transformers, cable products and so on.
Moreover, Kazakhstan has the capacity to localize 337 commodity items to the tune of around 1 trillion tenge, including electric motors, measurement devices, high-pressure boiler pipes and others.
National institutions such as KazakhInvest and QazIndustry will embrace a role as attractor of investors and active domestic manufacturers.
Earlier it was reported that Tengizchevroil achieved its first oil production at the Tengiz Future Growth Project at the Tengiz oilfield.
