Kazakhstan's energy market sees growth in number of electricity providers
Photo: Supreme Audit Chamber of the Republic of Kazakhstan
A recent state audit by Kazakhstan’s Supreme Audit Chamber has shone a light on some serious transparency and regulatory hiccups in the country’s electric power sector. With 18 electricity providers now in the mix, the market has become a bit of a wild west, with hidden deals and backdoor sales popping up, especially to miners, who are skirting around the official market operators. In 2024, a staggering 13.7 billion kWh, raking in over $400 million, slipped through the cracks of regulated channels.
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