Eurasian Perspective

On October 1, 2024, in Yerevan, as part of the III Eurasian Economic Forum, a plenary meeting of the Heads of Governments of the EAEU countries was held, with the participation of distinguished guests from Uzbekistan and Iran. The plenary session was followed by the conclusion and awarding of the laureates of the Second International Climate Competition “Green Eurasia,” organized by the Agency for Strategic Initiatives (https://greeneurasia.asi.ru/winners/). Among the competition’s winners were the Ministry of Ecology and Sustainable Development of Sakhalin Oblast, Russia, the Ministry of Petroleum and Mineral Resources of Egypt, the Government of Moscow, Gazprombank, the Climate Finance Center of the Kyrgyz Republic, the Ministry of Environment and Forestry of Indonesia, and other state agencies and companies, totaling more than 30 finalists.

TechnoGroupService LLP was the only organization from Kazakhstan to become a finalist in the “Low-Carbon Energy” category, securing second place with its project "Construction of a Solar Power Plant," financed through the issuance of Green Bonds on the KASE exchange. The TechnoGroupService team is particularly proud of the opportunity to maximize Kazakhstani content and the export-oriented nature of this high-tech project.

The prestigious award in the "Eurasian Perspective" category for the 50 MW "Kun Bulagy" solar power plant project was personally presented to the Chairman of the Supervisory Board of TechnoGroupService LLP, Zhomart Mominbaev, by the Deputy Prime Minister of the Republic of Kazakhstan, Serik Zhumangarin, as a mark of the project’s high integration potential.

These awards underscore the importance of efforts to develop renewable energy sources and strengthen the company’s reputation as one of the leaders in sustainable development. We continue to work with full dedication toward achieving ambitious goals in the development of domestic energy engineering in the renewable energy sector, which fully aligns with the strategic priorities of the Republic of Kazakhstan, as outlined in President Kassym-Jomart Tokayev’s address on September 2, 2024.


III Eurasian Economic Forum

The III Eurasian Economic Forum includes a rich program of sessions, round tables, and panel discussions, covering key economic issues and technological trends that play a significant role in the development of the region. Special attention at the forum is given to topics such as energy, digitalization, innovation, and sustainable development.

On September 30, representatives of TechnoGroupService LLP participated in the III Eurasian Economic Forum, held in Yerevan. One of the central events of the forum was a session titled "Technologies and Cooperation: Prospects and Advantages for Participants of the Unified Electric Power Market of the EAEU in Centralized Electricity Trading."

A notable and important moment of this session was the speech by Talgat Temirkhanov, Chairman of the "Kazakhstan Electricity Association". His presentation was dedicated to the protection of national interests and the strengthening of economic integration within the unified electric power market of the EAEU. The speaker emphasized the importance of cooperation among market participants and the prospects for centralized electricity trading within the union.


III International Fuel and Energy Summit

On September 11, 2024, the III International Fuel and Energy Summit was held in Astana, organized by BSG with the support of the Renewable Energy Association "Qazaq Green" and the Kazakhstan Electric Power Association. The event brought together representatives from oil, gas, and energy companies, government bodies, the expert community, and service companies.

One of the key sessions of the summit was the discussion on "Ecology and Safety of the Fuel and Energy Complex," moderated by Zhomart Mominbayev, a member of the Board of Directors of the Renewable Energy Association "Qazaq Green" and a Partner of "TechnoGroupService" LLP. The session addressed important issues related to environmental safety and the implementation of innovative technologies to minimize environmental risks in the energy sector. Participants discussed measures to reduce harmful emissions and enhance the industry's resilience to environmental challenges.


Participation in Energy Week Central Asia & Caspian

Partner of "TechnoGroupService" LLP Zhomart Mominbayev spoke at Energy Week Central Asia & Caspian 2024, held in Astana on September 5-6, 2024. This annual event brings together representatives of government bodies, large companies, as well as international investors and technology developers. In his speech, Zhomart Mominbayev emphasized the importance of developing renewable energy in Kazakhstan and Central Asia in line with the goals set by the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev. These goals include increasing GDP, developing domestic energy engineering, achieving carbon neutrality by 2060, and utilizing local components and materials.

During his address, Zhomart Mominbayev also cited China's successful experience. Thanks to large-scale investments and government support, China exceeded its renewable energy targets six years ahead of schedule, reaching 1,200 GW of renewable energy capacity in July 2024. Of the 163 GW of wind energy capacity, 97 GW, or 60%, is localized in China. In the solar module manufacturing sector, of the 461 GW of installed capacity, China controls 400 GW, or 86.7%.

In conclusion, Zhomart Mominbayev noted that to achieve Kazakhstan's ambitious goals, it is essential to support and develop domestic production of renewable energy technologies. This will not only accelerate the transition to "green" energy but also provide Kazakhstan with a competitive advantage in the Central Asian region. Special attention should be given to issues of financing, industry guarantees, and export support, including the creation of export cartels to implement turnkey renewable energy projects.