ASTANA — Kazakh President Kassym-Jomart Tokayev arrived in Qatar on a working visit to participate in the Doha Forum and discuss renewable energy and investment projects with top Qatari business leaders on December 6.

President Tokayev meets with Mohammed Nasser Al-Hajri, Chairman of Nebras Power in Doha on December 6. Photo credit: akorda.kz

During his visit, Tokayev met with Mohammed Nasser Al-Hajri, Chairman of Nebras Power, as well as Moutaz and Ramez Al-Khayyat, owners of Power International Holding (PIH), to explore other investment opportunities in the sectors of Energy and Telecommunications of Kazakhstan.

Tokayev highlighted the recent agreement between Nebras Power and Samruk-Energy to build the Semipalatinsk Hydroelectric Power Plant (HPP), a 300 megawatt facility. He highlighted the project’s potential to strengthen the long-term strategic partnership between Astana and Doha and reaffirmed the country’s commitment to supporting its success.

Tokayev also noted that Kazakhstan aims to increase the share of renewable energy in its energy mix to 15% by 2030.

Al-Hajri briefed Tokayev on the progress of the joint project, highlighting Kazakhstan’s considerable potential in green energy.

President Tokayev, Moutaz Al-Khayyat and Ramez Al-Khayyat, owners of Power International Holding (PIH), discuss the status of several major infrastructure projects in Kazakhstan. Photo credit: akorda.kz

During the meeting with PIH representatives, Tokayev reviewed and discussed the status of several major infrastructure projects. PIH is participating in the construction of gas processing plants in Kashagan, a new line of the Beineu-Bozoy-Shymkent gas pipeline and the Aktobe-Kostanay gas pipeline. These initiatives are expected to strengthen Kazakhstan’s energy security.

Mutaz Al-Hayat, Chairman of the Board of Directors of PIH, presented the plans for implementing the agreements with the Kazakh side regarding these investment projects.

In addition, the company is negotiating the construction of a steam and gas turbine power plant in the Kyzylorda region and the installation of interregional power grids. They also expressed interest in implementing joint artificial intelligence (AI) projects.

Tokayev stressed the importance of carrying out these projects at a high level and reaffirmed the government’s commitment to providing favorable conditions for Qatari investors.