...

Italia's Eni awarded its first solar energy project in Kazakhstan

Oil&Gas Materials 3 December 2019 11:30 (UTC +04:00)

BAKU, Azerbaijan, Dec. 3

By Nargiz Sadikhova – Trend:

Italian multinational oil and gas company Eni, through its Kazakh subsidiary ArmWind LLP, has been awarded a 50 MWp photovoltaic project in country’s Turkestan region as a result of an auction, Trend reports with reference to Eni.

Earlier this year, in September 2019, Eni was awarded a 48 MW wind farm project, as an extension to the Badamsha 1 project. The wind farm is currently under construction in Kazakhstan’s Aktobe region.

This award marks Eni’s entry in the solar sector of the country and it confirms the company’s role as one of the most prominent energy players in Kazakhstan.

It is expected that the project will be completed in 2H2021 and it will contribute to the progressive decarbonization of the power sector of the country. The new plant will reduce greenhouse gases emissions by 1.2 million tons, the report said.

According to Eni, the new project is part of company’s overall strategy for decarbonization and its transformation path towards green energy and circular economy that the company began in 2014.

Eni has been present in Kazakhstan since 1992. Eni is joint operator of the Karachaganak field and is an equity partner in various projects in the Northern Caspian Sea, including the giant Kashagan field. Eni is the joint subsoil user and joint operator of the offshore exploration blocks Isatay and Abay. Equity production is currently 180,000 barrel of oil equivalent per day.

---

Follow the author on twitter: @nargiz_sadikh

Tags:
Latest

Latest