Baku, Azerbaijan, May 25
By Nargiz Sadikhova - Trend:
Within the projects on renewable energy sources, the volume of electricity production can amount to 300 kWh a year, a representative of Kazakh Baiterek National Managing Holding told Trend.
Currently, the percentage of renewable energy sources in the structure of Kazakhstan’s energy mix equals up to one percent, whereas by 2020 this percentage is estimated to increase up to three percent.
“Baiterek Holding is very active in supporting and realizing projects in the sphere of 'green' energy,” the spokesperson said.
“Since its establishment, the Holding funded projects of 'green' economy with a total volume of investments worth up to 17.3 billion tenge. These projects include the construction of hydroelectric power plant, solar plant and wind plant,” the company representative stated.
Within the framework of these projects, the annual production of electricity can amount to 300 kWh a year.
“Projects of 'green' energy are particularly relevant to Kazakhstan, due to the fact that the energy sector of the country is very reliant of the coal. Furthermore, about 80 percent of the electricity production of the country accounts for coal-fired power plants, which are for the most part are outdated and do not meet present-day requirements,” the spokesperson said.
Thus, the ecology aspect is an important part of the 'green' projects realization. Their implementation will allow to decrease the greenhouse gas emissions by more than 300,000 tons a year, which, in turn, will provide for the reduction of harm effects of the economy on the ecology of the country.
“Furthermore, it is necessary to highlight the high socio-economic significance of the projects, namely the creation on new work places and the reduction of electricity deficit in separate regions of the country," the spokesperson stated.
In accordance with Holding’s Investment Policy, the development index is used, which helps to identify the most significant socio-economic projects that will influence and contribute to the development of Kazakhstan. Furthermore, these projects shall support the environmental sustainability of Kazakhstan cities and settlements.
Similarly, in accordance with Holding’s Investment Policy, promotion of application of ESG, UN PRI and Equator standards for environmental effectiveness and protection is one of the main principles for providing financial support by the Holding.
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