China Pingmei Shenma Holding Group Co., a Chinese state corporation, is set to execute initiatives for coal extraction and processing from the Shurob coal deposit, as per a statement from Tajikistan's Ministry of Economic Development and Trade.
A meeting between the Minister of Economic Development and Trade of Tajikistan, Zavkizoda Zavki Amin, and a delegation from the State Corporation China Pingmei Shenma Holding Group Co. of the People's Republic of China took place on May 21. The delegation, comprising high-ranking officials including the Chairman of China Pingmei Shenma Holding Group, Li Mao, and other key figures, convened to explore avenues for enhancing economic collaboration between the two nations.
Minister Zavkizoda highlighted the pivotal role of the leaders of Tajikistan and China, President Emomali Rahmon and Chairman Xi Jinping, in elevating the strategic cooperation between their respective countries to unprecedented levels. The meeting served as a testament to the shared commitment towards fostering mutually beneficial partnerships.
During the meeting, Minister Zavkizoda presented the investment opportunities available in Tajikistan, highlighting priority sectors and areas conducive to foreign investment. These included opportunities within the country's free economic zones, offering attractive tax incentives and administrative benefits for the establishment of industrial enterprises. He urged the delegation from China Pingmei Shenma Holding Group Co. to consider investment prospects in various sectors, including coal and gas mining, solar panel production, metallurgical enterprises, thermal power plants, textile complexes, pharmaceutical industries, and other priority projects.
The meeting also served as a platform to review ongoing collaborative ventures between Tajikistan and China Pingmei Shenma Holding Group Co. The corporation is already engaged in the construction of solar power plants in the Pyanj and Dangara free economic zones, with a capacity of 1000 MW, representing a $400 mn investment. Additionally, the corporation has initiated a project for the extraction and processing of coal from the Shurob deposit, with an annual production capacity of 1 nb tons and subsequent processing into chemical products, with an investment of $60 mn.
China Pingmei Shenma Holding Group Co. is a leading conglomerate in China's coal and chemical industry. Renowned for its green technologies, the corporation specializes in the extraction and processing of thermal and coking coal, as well as the production of various chemical products. With an impressive industrial output, substantial assets, and a prominent position in China's chemical industry, the corporation's partnership with Tajikistan holds immense potential for further economic growth and collaboration.
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