Kazakhstan to increase the use of renewable energy sources

ASTANA (TCA) — The Ministry of Energy of Kazakhstan plans to increase the share of renewable energy sources (RES) up to 3% of the country’s total electricity generation by 2020, Vice Minister of Energy Magzum Mirzagaliyev said at a press conference on September 22, the official website of the Prime Minister of Kazakhstan reported.

According to the Vice Minister, today the share of renewable energy sources in Kazakhstan is about 1%.

“This is a fairly good indicator, especially given that we are a country with rich hydrocarbon and coal reserves. In order to go further, we are aimed at attracting the best technologies, and also the cheapest ones. Over the past year, significant steps have been taken to improve the investment climate in the renewable energy sector,” the Vice Minister said.

Mirzagaliyev said that a plan for placing RES facilities was approved, taking into account the available infrastructure and climatic conditions, as well as the principle of partial indexation of fixed tariffs taking into account the floating exchange rate of the national currency.

“A new mechanism is being developed that will allow us to move away from fixed tariffs towards the auction method. After implementing this method, we expect that both investments and technologies will enter our country more actively,” Mirzagaliyev added.

According to him, these measures already give the first results. For example, a Memorandum was signed between the EBRD and the Ministry of Energy on the allocation of $200 million in funds for renewable energy projects in Kazakhstan, with an additional $480 million from other financial institutions. This will help introduce about 500 MW of generating capacity in the coming years.

Agreements on the implementation of projects in the field of wind power with ENI and General Electric were also signed. An agreement was signed on the construction of a solar power station in Zhambyl region with a capacity of 50 MW, financing of a solar power project in Kyzylorda region with a capacity of 50 MW, and a wind farm project in Akmola region with a capacity of 100 MW.

Sergey Kwan

TCA

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.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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