On July 9, 2024, a significant event took place for the development of energy engineering in the renewable energy sector of Kazakhstan. Almaty Finance approved and signed a credit agreement with “Altyn Group” LLP (part of “TechnoGroupService” LLP) to finance the construction of a photovoltaic module (PV) manufacturing plant. This agreement provides the necessary support for accelerating the construction work and commencing production, which is scheduled for December 2024.

The Akimat of Almaty allocated a land plot of more than 2 hectares for the plant's construction, ensuring a convenient logistical location for the supply of raw materials and the shipment of finished products to potential clients in Kazakhstan and neighboring countries. The project aims to increase the share of renewable energy in Kazakhstan's total electricity generation. Currently, the share of renewable energy stands at 5.8%, with plans to increase it to 16% by 2035.

The production capacity will be 150 MW per year, with plans to produce solar modules under the "TGS-Solar" brand with a capacity of over 585 W. The project will create more than 100 new jobs and will form a chain of Kazakhstani manufacturers of components and materials.

As part of the cooperation between "TechnoGroupService" LLP and the Chinese corporation POWER CHINA on projects for the development of a 1 GW wind farm in the Zhanaarka district of the Ulytau region and the construction of a plant for the production of metal sections for wind turbine towers, pre-investment activities are ongoing. Project and survey work is being carried out on the allocated land plots, including the installation of a meteorological mast and Lidar equipment to measure wind energy potential. Kazakh and Chinese partners are working on structuring project financing and determining potential sales volumes for the future plant's products.

Representatives of the regional Akimat provide constant support for the projects' implementation. On July 3, 2024, Deputy Akim of the Ulytau region Zhanibek Nupirov and Head of the Department of Entrepreneurship and Industry Gaziz Toleuov visited the industrial base of "TechnoGroupService LLP", as well as the 1.2 MW "Zhez-Solar" SPP and the 10 MW "Kengir" SPP, which were built and are maintained by the company.

During the visit, current issues regarding the implementation of the promising "Zhanaarka" 1 GW WPP project and the wind turbine tower metal structure plant project were discussed. A reporting meeting with POWER CHINA and SINO HYDRO is scheduled to coordinate actions and ensure timely conditions for project implementation.

On July 2, 2024, during the Kazakhstan-China Business Council, two pivotal agreements were signed to advance renewable energy projects in Kazakhstan. TechnoGroupService LLP and POWER CHINA INTERNATIONAL GROUP LIMITED have entered into a contract to construct a 20 MW solar power plant in the Almaty region. Simultaneously, an agreement was finalized with LONGi Green Energy Technology to establish a 150 MW annual capacity photovoltaic module production facility in Almaty, situated within the Alatau IT Special Economic Zone. Zhomart Mominbayev highlighted that these collaborations will strengthen partnerships with industry leaders and mark Kazakhstan's first large-scale ventures into domestic manufacturing for renewable energy equipment, with plans to launch operations by the end of this year.

With deep respect and pride, we announce a significant milestone: Zhomart Mominbayev, a partner of TechnoGroupService LLP, has been invited to join the International Advisory Board of the Graduate School of Business at Nazarbayev University. His election is a testament to his professionalism and notable achievements in the fields of business and ESG. Mr. Mominbayev holds a PhD in Political Science and Economics. His work focuses on refining Kazakhstan's legislation concerning renewable energy sources, advancing the green technology market—including the issuance of green bonds—and organizing the production of photovoltaic modules and metal structures for wind power plants.

Together with Mr. Abenov, TechnoGroupService LLP stands as a leading firm in the design, construction, and operation of solar, wind, and hydroelectric power plants. It is the first and only company in the renewable energy sector to receive the "Altyn Sapa" Presidential Award, and has developed educational materials for MBA students of the Graduate School of Business at Nazarbayev University, focusing on TGS and Kazakhstan's renewable energy market.

As a member of the International Advisory Board, Mr. Mominbayev aims to foster the commercialization of technologies actively researched by the Schools and laboratories of Nazarbayev University.