Kazakhstan to impose fixed rates for renewable energy

Business Materials 10 February 2014 13:26

Baku, Azerbaijan, Feb. 10

By Elena Kosolapova - Trend:

Kazakhstan plans to impose fixed rates for renewable energy sources in 2014, Kazakh Environment and Water Resources Minister Nurlan Kapparov said at the meeting on the development of renewable energy sources in the country at the end of the last week, Kazakh Prime Minister's web-site reported.

The rates are planned to be approved at 19 tenge (about 9.5 euro cents per 1 kWh of electric energy for wind-power stations) for wind power plants, 29 tenge (about 14.5 euro cents) for solar power stations, at 14 tenge (about 7 euro cents) for small hydropower plants and at 27 tenge (about 13.5 euro cents) for biogas plants.

The rates will be valid for a period of 15 years.

It was proposed to set limits on renewable energy projects until 2020 in order to regulate their development.

In general, the proposed limit is 1,850 MW of installed capacity, of which 1300 MW will be produced by wind power-plants, 500 MW by solar stations, and 50 MW by biogas plants.

Earlier Nurlan Kapparov said that renewable and alternative energy sources would provide 50 percent of all energy produced in Kazakhstan in 2050. This target is a part of the Concept-2050 which envisages transition to a "green" economy. In 2030 the level of renewable and alternative sources is expected to hit 30 percent.

The potential of renewable energy sources in Kazakhstan is about 1 trillion kWh per year, Kazakh Industry and New Technologies Ministry told Trend earlier.

In particular, Kazakhstan's wind energy potential is estimated at 920 billion kWh of electricity per year, hydropower potential - eight billion kWh. In addition, the potential of solar energy in the southern parts of the country reaches 2,500-3,000 hours of sunshine a year. Kazakhstan also has the potential to use geothermal and anthropogenic sources of primary energy sources (biomass, biogas and other fuels from organic waste).

Edited by CN