Launching the first of its kind tokenised fund raising and carbon credit trading platform, to enhance Kazakhstan’s Role in the Global Digital Economy through Eco-Friendly Digital Mining Operations

SINGAPORE, Oct. 4, 2024 /PRNewswire/ — AQGroup, Kazakhstan’s leading green electricity producer and a leader in infrastructure development for computing services – including data centers for artificial intelligence, digital mining, and international IT companies, together with MVGX Group, a pioneering Singapore-based digital green fintech group led by MVGX Holdings Pte. Ltd. are proud to announce a first-of-its-kind strategic partnership. This partnership seeks to leverage on the knowledge, expertise and know-hows of three key members of the MVGX Group in relation to their respective industries – Metaverse Green Exchange Pte. Ltd., MetaComp Pte. Ltd. and MVGX Tech Pte. Ltd.

The two groups have formally signed a Memorandum of Understanding (MoU) during the prestigious global conference, “Token 2049 Singapore”, marking the beginning of an ambitious collaboration. This MoU outlines plans to construct an innovative hybrid green power plant that combines wind, solar, and battery energy storage systems, ensuring a sustainable supply of green electricity to AQGroup’s Data Centres. Additionally, it lays the groundwork for the establishment of a joint carbon credit trading exchange in Kazakhstan, driving forward a shared vision for sustainable energy solutions and carbon market development in the region.

Kazakhstan, the world’s 9th largest country by territory, holds enormous potential for green energy production through wind and solar power plants (WPPs and SPPs) equipped with energy storage systems. The country’s proximity to China offers unique advantages, including access to high-quality equipments for WPPs and SPPs, alongside significant savings on logistics.

Additionally, the Kazakhstani government with its favorable government regulations—such as a 10-year tax exemption for renewable energy projects—offers a highly supportive environment for green energy development. Their advantageous geographical location between Europe and Asia, positions the country as an emerging regional hub for Data Centres, providing computing services to global markets.

MVGX Group, leveraging its strategic position as a Singapore-based group of companies, is well-positioned to build a financial bridge that empowers the generation and sale of green electricity from Kazakhstan’s green mining initiatives. This partnership offers seamless access to Singapore’s advanced financial services and dynamic capital markets. As the financial hub of South-East Asia, Singapore with its forward-thinking regulatory frameworks has attracted many advanced financial and fintech solutions to set up their headquarters here. MVGX Group seeks to leverage Singapore’s strength as a pivotal force in driving Web 3.0 innovation across the region.

By combining the competitive advantages of both countries, this partnership establishes a strong foundation for sustainable energy initiatives and financial infrastructure. It also creates a strong bridge of friendship and forges long-lasting, mutually beneficial cooperation between the business communities of Kazakhstan and Singapore for many years to come.

In his speech, the Chairman and the Co-Founder of AQGroup Islambek Salzhanov said, “We are very pleased to begin mutually beneficial cooperation with MVGX Group in this transformational project. Together, we will leverage our resources to promote sustainable initiatives, from green energy generation to developing a robust financial infrastructure for Web 3.0. This partnership affirms our shared vision of creating a cleaner and greener future.”

Dr. Bo Bai, the Executive Chairman and the Co-Founder of MVGX Group, added, “By combining our efforts with AQGroup’s extensive experience in green energy and operation of the Data centers, including digital mining, we aim to create a powerful platform that not only supports environmentally sustainable practices but also establishes a global hub for sustainable green digital mining and carbon credit trading.”

MVGX Group and AQGroup plan to leverage respective resources to establish a dedicated investment fund to be distributed by Metaverse Green Exchange Pte. Ltd., a capital market service license holder under the MVGX Group, to special classes of investors. The investment fund seeks to attract substantial financing for this groundbreaking joint project. This fund will not only support the construction and operation of green energy infrastructure but also, drive innovative financial solutions, such as the tokenization of real-world assets (RWA) with the technological support of MetaComp Pte. Ltd. By leveraging blockchain technology, the tokenization process will enable these special classes of investors to participate in the green energy sector in new and efficient ways, fostering transparency, liquidity, and accessibility in sustainable investments. This forward-thinking approach highlights the partners’ commitment to integrating digital finance with renewable energy development, setting a new standard for future projects in the sector.

In addition to seeking investment, both AQGroup and MVGX Group are open to collaboration with a wide array of partners. They are inviting investors interested in green energy, as well as equipment manufacturers specializing in WPPs and SPPs, energy storage system suppliers, and experienced EPC contractors. These collaborations are vital to creating an integrated value chain for sustainable energy production and computing services, further solidifying the partnership’s role as a leader in advancing global sustainability and technological innovation. Together, AQGroup and MVGX Group aim to forge long-lasting industry relationships that drive their shared vision for a greener, more innovative future.

For additional information, please contact:

AQGroup:

MVGX Group: 
For media enquiries and interview opportunities, please reach out to Ampersand Advisory:

About AQGroup https://aq-group.io/en

Founded in 1993, AQGroup brings over 30 years of industry expertise, evolving from its origins in oil and gas to becoming a leader in renewable energy and digital infrastructure. For 25 years, AQGroup was at the forefront of oil and gas extraction, refining, and petroleum product exports, supported by a fleet of 3,700 rail tankers. In recent years, the company has undergone a strategic transformation, shifting its focus to renewable energy production and the development of advanced infrastructure for computing services, including data centers and digital mining capabilities.

About MVGX Holdings Pte Ltd (“MVGX Group”) https://www.mvgx.com/

Founded in 2022, MVGX Holdings Pte. Ltd. (MVGXH) is the parent company of a pioneering digital green fintech group of companies, including financial institutions licensed by the Monetary Authority of Singapore (MAS), that operates across traditional and digital assets while delivering proprietary carbon management solution. The companies under MVGXH (collectively known as the MVGX Group), include several key entities at the forefront of financial innovation and sustainability namely, Asia Green Fund Management Pte. Ltd., a Capital Market Service (CMS) license holder, offers fund management services with a dedicated foreign impact investment arm that holds an impressive investment portfolio of over $2.8 billion that focuses on green technologies and infrastructures; Metaverse Green Exchange Pte. Ltd., a CMS license holder and a Recognized Market Operator that facilitates dealing in securities, collective investment schemes and both over the counter and exchange traded derivative contracts;  MetaComp Pte. Ltd., a Major Payment Institution licensed to provide Digital Payment Token Services and Cross Border Money Transfers; and MVGX Tech Pte Ltd, a Singapore-based Carbon Software-as-a-Service (SaaS) provider that supports corporations, governments, and institutions in every stage of their decarbonisation journeys through its proprietary Carbon Connect Suite software and products.

The MVGX Group’s unique positioning embodies its vision for a Better Future through Digital Green Transformation. By seamlessly integrating advanced financial technologies with sustainability solutions, MVGX Group is committed to drive a transformative shift towards a greener, more sustainable tomorrow.

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SOURCE MVGX Holdings Pte Ltd

HELSINKI, Oct. 4, 2024 /PRNewswire/ — Trevian Asset Management is expanding its business to include infrastructure investments. Jukka-Pekka Joensuu, who has solid experience in advising, planning, and managing strategic projects, is responsible for developing the new business unit. The focus areas of Trevian’s infrastructure business unit are investments related to data centers and energy recovery and storage. Trevian has initiated its first data center projects during the year 2024.

Jukka-Pekka Joensuu has been appointed the lead advisor for Trevian’s new infrastructure business unit. He is responsible for mapping, analyzing, and developing the market and projects in line with Trevian’s strategy.

– Finland has an exceptional potential for implementing large-scale infrastructure projects. These projects align perfectly with Trevian’s strategy, as energy management related to real estate and socially significant investments are at the core of Trevian’s strategic focus. Jukka-Pekka Joensuu’s expertise in the field adds substantial value to Trevian, says Reima Södervall, CEO of Trevian Asset Management.

Jukka-Pekka Joensuu is an experienced expert in initiating, planning, and managing strategic infrastructure and investment projects and has acted as an advisor to the Finnish state and institutional investors in the project concerning the submarine cable between Finland and Germany and in the joint Nordic data center development initiatives.

– In the next five years, the capacity of Finnish data centers is expected to multiply. Finland excels in implementing safe and functional data centers, and the country is large, stable, and strategically close to central locations of the European economic area. This is an important and topical business area on which I am happy to work with Trevian, says Joensuu.

Trevian initiated the first data center projects in 2024 as part of the new infrastructure business unit operations. Finland has become a leading country in European data center development due to its climate, bedrock, stable operating environment, and reliable energy distribution. Consequently, significant growth in data center capacity is expected in Finland in the coming years.

For additional information, please contact:
Reima Södervall
CEO
Trevian Asset Management
+358 50 3627 400
reima.sodervall@trevian.fi 

Trevian Asset Management is a Finnish real estate investment and property management company focused on commercial and residential real estate, owned by its key personnel. We offer full-service asset management and structured investment services throughout the whole investment lifecycle. The services are focused especially for institutional real estate investors, banks, and other professional investors. Trevian’s assets under management is 1.2B€. www.trevian.fi/en 

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SOURCE Trevian

Use of online services ensures more efficient collection of residents’ views

BEIJING, Oct. 3, 2024 /PRNewswire/ — A news report from chinadaily.com.cn:

Upon hearing the recent story of an elderly couple having to climb 17 stories in the sweltering heat after the elevator in their apartment building broke down in Kunshan, Jiangsu province, local lawmaker Jiang Yuqin sprang into action.

Jiang, along with concerned colleagues and maintenance workers, visited the property in the Zoujiajiao community on Aug 28 and discovered that the elevator was old and damaged.

Repair and maintenance work was immediately ordered for all elevators in the community, and Jiang visited the couple, who are both almost in their 80s, to seek their suggestions on how to better improve the safety of various community facilities.

“This is all part of my routine in serving the community, and also my duty as a deputy to the Suzhou People’s Congress,” said the 47-year-old.

In China’s political system, the people exercise State power through the National People’s Congress, the country’s top legislature, and people’s congresses at provincial, city, county and township levels, ensuring that their interests are reflected in the decision-making process. This year marks the 70th anniversary of the establishment of the NPC.

Data released by Xinhua News Agency in March showed that there were over 2.7 million people serving as deputies across the five levels of people’s congresses in China, including nearly 3,000 deputies to the NPC.

Deputies in China’s people’s congress system are tasked with engaging and interacting with local people and communities to best understand their needs, and seek their suggestions on a range of issues so that the deputies can present their views in the congress. This format of governance is referred to as whole-process people’s democracy.

This engagement with people and communities is ever expanding with the use of online services as well as face-to-face interaction, Jiang said.

Enriching the ways of connecting deputies with the people was called for by President Xi Jinping while he was delivering an important speech on Saturday at a meeting to celebrate the 70th anniversary of the founding of the NPC.

Xi, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, said that people’s congresses at all levels should support deputies in performing their duties and helping them enrich the ways they connect with the people.

Noting that the people’s congress system is an important institutional guarantee for realizing whole-process people’s democracy, Xi urged people’s congresses to put the people first, maintain close ties with the people and listen to their suggestions and opinions.

He also called on deputies to fully exercise their duties, better serving as the bridge between the people and the country.

For a deputy like Jiang, the major obligation is to listen to people’s ideas, provide a voice for them and help them solve difficulties in their work and life.

“I came from the people and was elected by the people,” said Jiang.

To provide some 10,000 people in the residential area with more convenient channels to raise their problems and submit advice, she has posted QR codes at the gates of each apartment building.

By scanning the code, people can access an online platform where they can report any challenges they encounter, including broken lights in corridors or leaking pipes at home. Jiang and her colleagues are dedicated to tackling the problems within a few hours.

Although these online services have contributed a lot to her work efficiency, Jiang said that visiting households and moving around the community must be continued, as face-to-face conversations are always conducive to understanding more about the opinions of the people and figuring out the roots of their difficulties.

Simple or minor matters in the community can be addressed directly by Jiang and her team. But for complex issues beyond her capacity, she said that she will conduct surveys and submit suggestions to Suzhou’s people’s congress, the city’s legislature, to solve them through joint efforts or optimizing relevant regulations.

For example, after receiving complaints about the haphazard parking of electric scooters posing safety risks, Jiang quickly invited some residents’ representatives and property staff to select locations within the community for organized parking of the vehicles, with the installation of additional charging facilities.

In another case, when she decided to assist stay-at-home mothers in seeking jobs after their children start school during the day, she said that this required a great deal of study and research.

“I need to know what time the women are available and what kind of work they are capable of. I also need to communicate with businesses around our community and find out if they are willing to provide opportunities for flexible employment,” she said.

As she conducted her research, she realized that it is not just a minority of young mothers who want to reenter the workforce, so she is planning to solicit ideas and opinions from more women and employers, in order to form a suggestion on the issue and submit it to the city’s legislature.

She said that the process has shown how the people’s congress system works, since its sound operation is an important means to realizing whole-process people’s democracy and also a key to guaranteeing the running of the country by the people.

Even as the ways of collecting people’s opinions have become more diverse with the rapid development of internet technologies, Tang Renqing, 72, another deputy to the Suzhou people’s congress, said that the principle of serving the people has never changed since the establishment of the system, nor can it be changed.

“Deputies, regardless of their profession or age, should be with the people, listen to their opinions and help them solve problems through the system,” he added. “Only in this way can we meet people’s aspirations for a better life, and ensure that the people are the masters of the country.”

Key channel for voices

The system is designed to include people from various backgrounds and cover a diverse cross-section of society. Working in a part-time capacity, deputies at each level are key channels for people’s voices. They are both entitled and obliged to stand for the people’s interests and express their views.

Since September 1954, when about 1,200 deputies elected by universal suffrage gathered in Beijing to attend the first session of the first NPC, the people’s congress system has provided an important institutional guarantee that has allowed the CPC to lead the people in realizing fast economic development and long-term social stability.

In recent years, Chinese lawmakers have also stepped up efforts to further uphold and improve the system by amending the Legislation Law and rules for members of the NPC Standing Committee, with the adoption of a decision on increasing reviews of normative documents to ensure that they are consistent with the Constitution.

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SOURCE chinadaily.com.cn