Chinese company to invest $200M in building light bulb plant in Kazakhstan

The groundbreaking ceremony of a new plant for the production of energy-saving light bulbs was held in the industrial zone of the city of Turkistan, Kazakhstan, Trend reports referring to the Kazakh media. The ceremony was attended by the Governor of the Turkistan region Zhanseit Tuymebayev, as well as representatives of Chinese company Tai Energy and Chairman of the Supervisory Board at Source Energy company Oralbek Botbay. The press service of the Turkistan region administration said that the project cost is estimated at $200 million. The construction of the plant began as part of a bilateral memorandum signed earlier at a meeting of the region’s governor with the Chinese investor.