The wind farm will have the capacity of 45MW and is expected to be located in the Yereimentau area of the northern Akmola region.
Most of the funds for the project are expected to be provided by the Eurasian Development Bank.
Other details of the project have not been disclosed. It is expected to be part of a massive state programme for the development of alternative energy sources.
This aims to produce up to 172,000MWh of electricity a year from renewables, with the greater share expected to come from wind energy.
This is the second big wind power project announced by Samruk in the past few weeks.
Last month, Samruk signed an agreement with the German metal works company KD Stahl-und Maschinenbau to set up a joint venture producing low-capacity wind power plants.
With a population of only 15 million in a country roughly the size of western Europe, it is estimated that 10-15% of the Kazakhstand has wind speeds of over 6 m/s.
However, it also has large reserves of cheap and generally low-quality coal from which it generates 85% of its electricity.
The country's ageing, Soviet-era power stations are located on the coal fields, requiring transmission of electricity over vast distances, with losses as high as 28% in outlying areas.
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