16.08.2018

Renewable energy projects – next destination for investments in Kazakhstan

Shaimerden Chikanayev, Partner, GRATA International

Marina Kahiani, Partner, GRATA International


I.  Why renewable energy?

Renewable energy development has recently become hot topic in Kazakhstan that is actively being discussed among market existing and potential participants, relevant state bodies including the Ministry of Energy of the Republic of Kazakhstan (the “MoE”), international development institutions and other stakeholders.

In 2017, Kazakhstan has introduced auction mechanism for the selection of eligible RES projects that is aimed to ensure best prices for the consumers of energy and on transparency in the process of selection RES projects.

First auctions have been conducted in May-June this year. According to the MoE[1], 8 sessions out of 10 have been successfully completed, with 42 participants from different companies (Russia, France, Bulgaria, Turkey, China and Kazakhstan). As a result, the tariffs for the consumers have decreased for wind stations by 20%, small hydro stations by 23%, solar stations by 25.5%. 19 companies have been announced as winners of auctions. Next round of auctions is planned for October 2018[2], according to the following schedule:

Картинки по запросу renewable energy

Schedule of autumn auction trades: 

No.

Type of RES

Volume of capacity to be purchased, mWt

Zone

Time of trades

Date of trades

Small

Large

1

Wind

50

 

Northern

14.00-17.00

03.10.2018

2

Wind

 

250

Northern

14.00-17.00

04.10.2018

3

Solar

 

30

Western

14.00-17.00

08.10.2018

4

Wind

 

50

Western

14.00-17.00

09.10.2018

5

Hydro

 

55

Northern, Southern

14.00-17.00

10.10.2018

6

Bio

10

 

All zones

14.00-17.00

11.10.2018

7

Wind

30

 

Southern

14.00-17.00

15.10.2018

8

Wind

 

100

Southern

14.00-17.00

16.10.2018

9

Solar

30

 

Southern

14.00-17.00

17.10.2018

10

Solar

 

150

Southern

14.00-17.00

18.10.2018

 

Read more:


[1] https://www.inform.kz/ru/ob-yavleny-itogi-pervyh-kazahstanskih-torgov-po-vie_a3281055

[2] http://energo.gov.kz/index.php?id=18005

Shaimerden Chikanayev

Partner, Director of Banking & Finance Department

Marina Kahiani

Partner