Eni and KMG sign agreement on Hybrid Renewables-Gas Project in Kazakhstan
London, 19 January 2024, (Oilandgaspress): – Eni Chief Executive Officer Claudio Descalzi and Chairman of the Board of KazMunayGas (KMG), Magzum Mirzagaliyev, signed in Rome today a Joint Confirmation agreement on an innovative 250 MW Hybrid Renewables-Gas Project in Zhanaozen City, Mangystau Region, in Kazakhstan. The signature took place during the official visit of the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, to Italy.
Eni and KMG confirmed their readiness to proceed to the project’s implementation phase, which will supply KMG facilities in the area with low-carbon, stable electricity produced from solar and wind, and will be balanced with additional capacity from a gas power plant. The project leverages Eni’s international industrial expertise and pioneers the hybrid combination of state-of-the-art renewable power plants, developed by Eni’s subsidiary Plenitude in cooperation with KMG, and gas power plants for balancing capacity.
Eni also signed a Memorandum of Cooperation with Sovereign Wealth Fund Samruk-Kazyna (SK) on additional energy transition projects, including the potential replication of the hybrid renewables model in other regions of Kazakhstan, the assessment of mineral initiatives and the development of other carbon emission reduction technologies.
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