Recently, CNCEC-TCC and Kazakhstan's ERG Group signed a strategic cooperation agreement at the 8th Meeting of the China-Kazakhstan Entrepreneurs Committee. The signing of this strategic cooperation agreement marks the realization of a full-chain closed loop between the two parties, which goes "from project implementation to business expansion, and then to strategic synergy". After the agreement is signed, it will further consolidate the bilateral cooperative relationship and deepen cooperation in subsequent projects.
Kazakhstan is one of the first proposed location of the Belt and Road Initiative. Since entering the Kazakhstan market in 2010, CNCEC-TCC has successively undertaken a number of EPC, engineering, and consulting projects, including the Kazakhstan AES Power Station and the Kazakhstan Integrated Petrochemical Complex (IPCI) Project. Among them, the Kazakhstan ERG 80MW Exhaust Gas Power Generation Project is the first cooperation project between CNCEC-TCC and ERG Group, and also the first exhaust gas recovery power generation project in Central Asia. This project adopts CNCEC-TCC's high-efficiency green exhaust gas recovery and power generation technology to recycle and generate electricity from the production exhaust gas of ERG Group's Aktobe Ferroalloy Plant. It can save approximately 200 million standard cubic meters of natural gas annually and reduce carbon dioxide emissions by 320 KTA, realizing the cascade utilization of energy, reducing the enterprise's electricity cost, and helping Kazakhstan achieve its energy conservation and emission reduction goals. These projects are important achievements of the company in exploring the Kazakhstan market and deepening China-Kazakhstan capacity cooperation, injecting new vitality into China-Kazakhstan cooperation and strongly promoting local economic and social development.
Founded in 1994, ERG Group is a diversified transnational enterprise in the resource field of Kazakhstan, with businesses covering mining, processing, energy, logistics, and marketing, and assets distributed in nearly 20 countries and regions. The signing of this strategic cooperation agreement marks the realization of a full-chain closed loop between the two parties, which goes "from project implementation to business expansion, and then to strategic synergy". After the agreement is signed, CNCEC-TCC will join hands with ERG Group to focus on the four core areas of "carbon reduction, pollution reduction, green expansion, and growth", and create a model of win-win economic and ecological benefits through technological innovation, systematic governance, and ecological project implementation.
