Kazakhstan and Austria strengthen energy partnership

Vienna, June 11-12, 2024 – The Minister of Energy of the Republic of Kazakhstan, Almassadam Satkaliyev, visited Vienna to participate in the International Energy Investment Forum organized by Kyrgyzstan together with the World Bank and the Government of Austria.

The main topic of the forum was the construction project of the Kambarata-1 HPP aimed at developing energy sustainability in Central Asia. At the event, the energy ministers of Kazakhstan, Kyrgyzstan, and Uzbekistan signed an interdepartmental agreement on the preparation of the implementation of the project for the construction and operation of the Kambarata-1 HPP.

During the visit, Minister Satkaliyev met with the President of the Federation of Austrian Industries, Georg Knill. The meeting was also attended by the heads of major energy companies, including Siemens Austria, Andritz Hydro, Gas Connect, and AGGM.

Minister Satkaliyev briefed the Austrian side on the current state and prospects for the development of Kazakhstan's energy sector and invited his counterparts to invest in infrastructure projects. In turn, Georg Knill emphasized the special role of Kazakhstan in ensuring Austria's energy security and expressed the industry's interest in deepening cooperation. Representatives of the Austrian business community appreciated the plans for energy development in Kazakhstan, in particular the measures to stimulate the growth of green generation capacities.

It was agreed to boost bilateral cooperation in the energy sector.

Founded in 1946, the Federation of Austrian Industries is a voluntary and independent lobbying organization representing the interests of Austrian industry and related sectors. The Federation represents the interests of more than 5,000 members from the manufacturing, banking and insurance, infrastructure, and industry-related services sectors in the provinces, at the federal level, and in Europe.