Kazakhstan’s renewable energy capacity to reach 490 MW in 2018

ASTANA (TCA) — The Government meeting on June 5 reviewed the implementation of the Concept of the Transition of Kazakhstan to a Green Economy, the official website of the Prime Minister of Kazakhstan reported.

Minister of Energy Kanat Bozumbayev presented the main results of the implementation of the Concept of the Transition of Kazakhstan to a Green Economy for 2014-2017.

The development of the power industry in terms of its greening is based on the development of renewable energy, reduction of carbon dioxide emissions in the energy sector and supply of the country with natural gas. According to the minister, in 2017, about 1.1 billion kWh of green energy was produced. In 2018, it is planned to introduce another 138 MW of renewable energy.

To date, there are 58 enterprises operating in the country using renewable energy sources (RES) with a total capacity of 352 MW. As a result of 2018, the total capacity of RES will be about 490 MW (68 facilities).

In the long term, the decline in the cost of RES is due to the introduction of the auction mechanism, which will make the process of selection of projects and investors transparent and understandable, said Bozumbayev.

Since May 23, the spring session of the first auction bidding for the selection of construction projects has started. Throughout the year, one GW of renewable energy will be put up. According to Bozumbayev, the first auction showed interest of market participants. During the spring session, about 250 MW will be sold and winners will be determined. Auction prices at a starting price of 22.68 tenge per wind energy show a decline in value to 17.49 tenge, which is almost 23 percent.

“In the coming days, six winners will sign 15-year contracts for the purchase of electricity. Now we can say that we have chosen the right direction for the development of renewable energy,” said Bozumbayev.

Sergey Kwan


Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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