Kazakhstan Chamber of Commerce in the USA

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Archive for the ‘Innovation’


Construction of International IAEA Low Enriched Uranium (LEU) Bank Underway 0

Posted on February 22, 2017 by KazCham

NTI

The world’s first international low enriched uranium (LEU) bank is taking shape on a snowy landscape in the northeast Kazakhstan city of Ust-Kamenogorsk. The remote region is known for its large mining and metals industry, and the new LEU bank is being built on the grounds of the Ulba Metallurgic Plant (UMP), one of the world’s largest producers of fuel for nuclear power plants.

The LEU bank, which is expected to be ready for operation by September, will provide countries with an assured LEU supply for peaceful purposes in case of market supply disruptions. In addition, it will provide a resource countries can use instead of developing their own enrichment capacity, which would increase the risk of proliferation of potentially dangerous nuclear material and technology.

NTI and NTI advisor Warren Buffett were catalysts of the LEU bank in 2006. That was when Mr. Buffett committed $50 million to the project, contingent upon the International Atomic Energy Agency (IAEA) receiving an additional $100 million in funding, a condition that was met in 2009. Construction of the new LEU bank facility began in August 2016.

“It’s exciting to see the construction underway,” said Andrew Bieniawski, NTI Vice President for Material Security and Minimization. “We look forward to completion of the project and commend the continued efforts of the IAEA and the Government of Kazakhstan to establish the international LEU bank.”

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Kazakhstan Secures Place on World Stage After Quarter-Century of Independence 0

Posted on February 18, 2017 by KazCham

Edge.kz

In the 25 years since Kazakhstan declared its independence, the Central Asian nation has transformed itself from a fledgling nation unsure of its place in the world to a modern player on the global stage.

The transformation wasn’t easy and the future is always uncertain, but Kazakhstan’s leaders and outside geopolitical experts are confident that even brighter days await the peaceful nation.

At a recent forum in Washington celebrating the quarter-century milestone of independence, members of Congress and the U.S. foreign policy establishment, Kazakh Foreign Ministry officials and others sat down for a daylong discussion.

The group highlighted the building blocks of Kazakhstan’s success. Among them a robust energy sector, widespread religious tolerance, a central and advantageous geographic location and not least, its critical geopolitical decision at the dawn of its independence to relinquish some 1,400 nuclear strategic and tactical warheads remaining from the Soviet-era.

The speakers also explored the possibilities inherent in Kazakhstan’s future. And all agreed the future looks promising.

Rep. Robert Aderholt, a Republican congressman from Alabama and the co-chairman of the Friends of Kazakhstan caucus, saluted the country for building “a modern republic of peace and prosperity.” He said the U.S. views the Central Asian nation as an important ally in the region.

“The United States values the unique relationship that we have with the Republic of Kazakhstan,” Aderholt said. “The strategic partnership dialogue between our countries is a productive platform for important issues such as countering terrorism and violent extremism, [as well as] trade, energy, innovation, good government, human rights, democracy building and regional stability.”

Read full article at Edge.kz

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5 Priorities for Continued Modernization in Kazakhstan 0

Posted on February 13, 2017 by KazCham

President Nursultan Nazarbayev gave his annual address of the Nation on January 31, 2017. In his remarks the President termed the new, third stage of country’s modernization driven by five priorities to ensure economic growth and bring Kazakhstan closer to its  goal of being one of the top 30 most-developed countries.

Watch the video by the Embassy of Kazakhstan to learnmore about the 5 prioritires.

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EIB provides €200m to support green projects in Kazakhstan 0

Posted on December 05, 2016 by KazCham

Centil Law Firm BI@centil.law

Long-term funding for SMEs in Kazakhstan and finance projects involving climate change adaptation and mitigation and environmental protection are set to be available as the European Investment Bank (EIB) signs two financing contracts for €150 million and €50 million.

The EIB funds will help to implement the “Concept for the Transition of the Republic of Kazakhstan to a Green Economy”, as climate action and environmental protection are Kazakhstan’s key policy objectives. This will contribute to the improvement of industrial competitiveness by fostering cleaner and greener production investments, renewable energy generation, resource efficiency and climate-resilient infrastructure projects.

The EIB is joining forces with a well-established partner, JSC DAMU Entrepreneurship Development Fund (DAMU), a state-owned development institution created by the government to support the development of Kazakhstan’s SME sector that will on-lend the EIB funds to selected financial intermediaries.

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Swiss businesspeople to invest in Kazakhstan 0

Posted on November 26, 2016 by KazCham

Centil Law Firm BI@centil.law

Swiss businesspeople have met with local counterparts in search of new cooperation options and discussed plans for expanding partnerships. In particular, foreign investors have proposed a number of interesting projects related to banking, transport logistics, construction, healthcare and tourism. They are interested in Kazakhstan because it provides them with a link to the Chinese market. From there, they are also ready to enter the Russian market.

One of the outcomes of these meetings has been the signing of a Memorandum of Understanding between the Kazakh Chamber of Commerce and the Chamber of Commerce Switzerland-Russia/CIS.

During the course of the negotiations, a Swiss construction company offered to build a brick factory in Kazakhstan. As noted by investors, a special combination of cement and wood will enable homes to retain heat better. One of the advantages of the project, according to business officials, is the low cost of products. In addition, there will be no need to import building materials from abroad.

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Kazakhstan and China to build production facilities worth $26 billion 0

Posted on September 20, 2016 by KazCham

Centil Law Firm BI@centil.law

On 5 September, the Kazakh President Nursultan Nazarbayev attended a briefing on the results of his visit to China, where he took part in the G20 summit in Hangzhou. There, he stated that the two countries have made agreements regarding both the exportation of Kazakh food to China and the construction of joint production facilities.

For the first time ever, Astana and Beijing have agreed that Kazakh flour, grain, beans, oil-bearing crops, meat and poultry will be exported to China.

“The list includes 51 facilities, two of which have already been constructed. The construction of four facilities worth a total of $2.5 billion will be completed this year. During five years it is planned to build enterprises for a total of $26 billion,” said Nazarbayev.

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Kazakhstan gives strong impetus to development of green energy worldwide – Greenpeace 0

Posted on September 14, 2016 by KazCham

Kazinform

Kazakhstan gives a strong impetus to the development of green energy around the world, Tobias Munchmeyer, an expert of Berlin-based Greenpeace international organization, says.

“Our organization welcomes the initiative of Kazakh President who invited G20 member states to join the EXPO 2017 by holding several events in Astana. The theme of the oncoming exhibition is “the energy of  Future”, i.e. development of alternative, eco-friendly energy sources. We can see now that Astana is keen on promotion of green energy development and contribute to environmental conservation around the world,” said Tobias Munchmeyer in an interview with Kazinform.

Greenpeace is looking forward to the EXPO 2017, he added.

President of Kazakhstan Nursultan Nazarbayev participated in the Summit of G20 Leaders in Hangzhou during which he announced his vision of solution of the global economic problems. Nazarbayev invited all the countries to participate in EXPO 2017 and suggested holding a number of G20-backed events in Astana as part of the international exhibition.

“Kazakhstan actively contributes to the implementation of the UN Sustainable Development Goals, Paris Agreements and green economy principles. Astana EXPO 2017 will also contribute to this process,” he said.

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Chevron and Nazarbayev University Students Introduce Model Eco-Village Project 0

Posted on July 03, 2016 by KazCham

Astana Times

Chevron’s contribution to science and technology development in Kazakhstan is designed to create opportunities for students and young researchers to develop their professional and academic skills while searching for solutions to improve the quality of life.

The company helps local universities in purchasing advanced equipment, upgrading laboratory infrastructure, supporting faculty research programmes, and providing funds for scholarships and project teams of young scientists and students.

Last May, in partnership with the Nazarbayev University, Chevron introduced a model eco-village – a futuristic, human and environment-friendly settlement that could be built 25 km from Astana. The eco-village is designed to be energy efficient, sustainable, based on innovative technologies, and integrate harmoniously with the natural landscape.

The 3D eco-village model is a result of a year-long research carried out by a team of 25 university students representing various departments and contributing their knowledge and skills in the areas of design, engineering, ecological studies, energy studies, and IT. Mentors from the university worked hand in hand with students on project management and technical issues.

“The whole modelling part was implemented by the students with the support of university administration, professors and experts. We plan to submit it for presentation at EXPO 2017. And I have no doubt that we will succeed,” shared his confidence Daniil Tarasov, a 3rd year student and project manager. “To be part of this project is a great honour and priceless experience for me.”

Later this year, the project team plans to arrange a peer-review by local expert community.

Since its establishment in 2010, Nazarbayev University has swiftly developed into one of the leading educational and research institutions in Kazakhstan. Starting from 2012, the university and Chevron entered into a long-term partnership based on the shared philosophy of striking the right balance between environment preservation and the advancement of technology.

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354 DAYS TILL BEGINNING OF THE ASTANA EXPO 2017 0

Posted on July 01, 2016 by KazCham

Futuristic eco city breaks ground in Kazakhstan for the World Expo 2017

Inhabitat

Construction works on the highly anticipated Expo City 2017, designed by Adrian Smith + Gordon Gill Architecture (AS+GG), are well underway in Astana, Kazakhstan. The 429-acre master plan responds to the Expo theme “Future Energy” by incorporating buildings that will operate as power plants, generating energy from solar panels and wind turbines to power themselves and the rest of the campus through an innovative smart grid.

The project focuses on using renewable energy as the primary source for infrastructure and daily operation of the buildings. Each element of the design aims to encourage and support the idea of clean energy across the project, which will feature exhibition and cultural pavilions, a residential development, commercial areas, educational and civic facilities, as well as parks and parking.

Located at the very heart of the campus, the sphere-shaped Kazakhstan Pavilion will be a true symbol of the “Future Energy” concept. Its transformative skin will reduce thermal loss and reduce interior solar glare, at the same time increasing the building’s energy output through integrated sustainable systems such as photovoltaics.

Each building was designed to reduce energy use and increase the amount of clean energy that can be harvested. “The building forms are the direct result of a considerate and thorough design process, which AS+GG practices as ‘Form Follows Performance,” said AS+GG partner Adrian Smith, FAIA.

In addition to the excellent energy performance of individual buildings, the architects ensured that the entire development will be interconnected by including a smart energy grid, smart recycled water grid, integrated waste management system, and inter-seasonal underground thermal energy storage. After the Expo, the site will be converted into an office and research park for international companies and entrepreneurs.

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Alstom increases its stake in Kazakh joint venture 0

Posted on February 29, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Alstom has completed a deal to double its stake in its Kazakhstan joint venture, EKZ. The French company now has a 50% stake in the JV, which was set up to manufacture electric locomotives for Kazakhstan, and will be given an extra seat on the EKZ board of directors.

The Kazakh national rail provider Kazakhstan Temir Zholy and locomotives and rail manufacturer Transmashholding each retain a 25% stake.

Alstom and EKZ have also signed an agreement to produce the locomotives’ on-board transformers at EKZ’s facility in Astana.

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