wiredInUSA September 2018

Kazakhstan aims for green energy

Making more in China

Photo by Yiran Ding on Unsplash

Sampsistemi, part of the SAMP Group, has announced the expansion of operations of its China-based subsidiary Sampsistemi (Shanghai) Co Ltd. As a result of the recent acquisition of Setic and Pourtier, Sampsistemi is to expand and strengthen the existing Chinese footprint. The company will expand the Setic plant in Changzhou and make a significant investment in infrastructure. The Setic plant, located in the Xinbei district, is currentlydedicated to themanufactureof rotating machines and related equipment for the wire and cable industry. The expansion plan will equip the unit with the latest assembly lines for wire and cable machinery and with enhance research and development and testing facilities. Sampsistemi currently has 58 production plants and 4,600 employees worldwide.

President Nazarbayev

A 42MW wind power plant is planned for the Mangistau region of Kazakhstan. Under the terms of the agreement investors plan to build 17 wind generators, each with a capacity of 2.5kW, at a cost of around $60 million. President Nazarbayev’s ambitious 2050 strategy is for Kazakhstan to generate 50 percent of its electricity from renewable and alternative energy sources. The strategy is a part of the country’s initiative to transfer itself from one of the world’s major hydrocarbon energy producers to a “green economy” model. Renewable energy production volumes will grow to three times the current level, according to Kazakhstan’s ministry of energy. Within three years over 100 alternative energy facilities will operate in the country, compared to the current 50. The new facilities will include 23 wind energy plants, 17 solar power stations, and 13 hydroelectric power stations, as well as several biogas plants.

wiredInUSA - September 2018


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