Kazakhstan studies Brazilian experience in hydropower

Foz do Iguacu, April 24, 2022 – Ambassador of the Republic of Kazakhstan Bolat Nussupov, during a working visit to the Brazilian state of Parana, met with the Director General from the Brazilian side of the «Itaipu Binacional» company, Anatalicio Risden Junior.

The Ambassador of Kazakhstan spoke about the measures of state support and protection of foreign investors in Kazakhstan and, taking into account the developed hydropower industry of the Brazilian region, highlighted the potential of Kazakhstan in the development of renewable energy sources, in particular hydroelectric power plants. In addition, the Ambassador invited «Itaipu Binacional» to establish contacts with Kazakh energy companies and organizations for the exchange of experience.

The General Director of Itaipu Binacional expressed interest in Kazakhstan's experience in the construction and operation of hydroelectric power plants and noted the readiness to establish contacts for the exchange of information.

In addition, in order to strengthen economic ties and increase bilateral trade between Kazakhstan and Brazil, the Ambassador invited Itaipu Binacional to participate in the work of the Kazakhstan-Brazil Business Committee, co-chaired by Qazindustry and CNI, which was established last year and is the head body of the Federation.

According to the tradition of the Brazilian side, the Ambassador of Kazakhstan planted a tree on the Alle of Honored Guests.

Itaipu Binacional Binational Company is a bilateral consortium established in 1973 by Brazil and Paraguay to operate the Itaipu Hydroelectric Power Plant - the second largest and one of the two largest in terms of generation in the world (together with the Chinese Three Gorges Hydroelectric Power Plant) hydroelectric power station on the Parana River, 20 km from Foz do Iguacu on the border of Brazil and Paraguay.