Kazakhstan's Samruk Energy announced on Monday the signing of a joint venture agreement with China International Water and Electric Corporation (CWE) to build the first pumped storage power plant in Kazakhstan, Kazinform News Agency correspondent reports. . China plans to construct four renewable energy facilities in Kazakhstan, with electricity set to be sold at prices ranging from 21. 63 cents per kilowatt-hour (kWh) at the current exchange rate set by the National Bank of Kazakhstan. The total installed capacity of the plant amounts to 2 100 MW. In terms of rapid development of the economy and society. . On July 2, Kazakhstan's MAEK LLP and China Huadian Corporation Ltd. The plant, aimed to meet the growing demand for electricity in Western Kazakhstan, is scheduled for. . ASTANA — Kazakh business representatives and the Power Construction Corporation of China (POWERCHINA), a global leader in clean and low-carbon energy, water resources, and environmental construction, signed several significant projects worth $165 million at a July 2 meeting of the China-Kazakhstan. . At the beginning of July, Kazakhstan became the center of significant business decisions on an international cooperation level.