On September 11, the 6th Plenum of the Sino-Kazakhstan Entrepreneurs Committee, jointly organized by China Council for the Promotion of International Trade (CCPIT) and Kazakhstan Sacca Funds, was held at the Diaoyutai State Guest House in Beijing. Mr. Tokayev, President of Kazakhstan, attended the opening ceremony and delivered a speech. Mr. Zhang Shenfeng, Vice President of CCPIT, extended warm congratulations on the openings of the meeting and to all guests. About 300 entrepreneurs from China and Kazakhstan, including Mr. Cao Xiaorong, Vice President of Suntech Power, who was the only business representative invited and engaged in photovoltaic industries, took part in the conference.
Since its inception in 2013, the Sino-Kazakhstan Entrepreneurs Committee has achieved fruitful results over the first five sessions, during which both parties signed agreements worth more than U.S. 42 billion. The trade volume between China and Kazakhstan, in 2018, amounted to U.S. 19.88 billion, a year-on-year increase of 10.4%. China has become one of the biggest economic and trade partners that invest in Kazakhstan. According to the World Bank report, Kazakhstan ranks among the top 30s in the world in terms of business environment. To attract foreign investment, Kazakhstan has implemented a series of preferential policies.
Suntech has always attached great importance to the photovoltaic markets in the countries and regions relating to the "Belt and Road" initiative. Considering its flat topography, a dry climate and 2,600 hours of direct solar radiation each year, which is an equivalence to one-third of days, Kazakhstan can produce electric power up to 2.5 billion KW with solar energy alone, and has the ideal conditions that allow the vigorous development of photovoltaic energy to bloom. The first half of 2019 saw the Agadyr project, the first project supplied by Suntech in Kazakhstan, was successfully connected to the grid and commenced commercial operation. As the first major project that Suntech undertook since it penetrated into Kazakhstan, it solely utilized over 150,000 pieces of Suntech's double-glass modules with a total capacity of 50MW.
In addition, Suntech has made early preparation by initiating product lines featuring high output power, a universal demand in the current markets in Kazakhstan and even in Central Asia. The Hipower products of Suntech, designed with the latest cell and format, are highly resistant to mechanical loads, and meanwhile, are easy to install and compatible with most installation and tracking systems due to their central contour design.