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Kazakhstan launches auctions to select renewable energy projects

Oil&Gas Materials 10 November 2021 10:45 (UTC +04:00)
Kazakhstan launches auctions to select renewable energy projects

BAKU, Azerbaijan, Nov. 10

Trend:

Auctions for the selection of renewable energy projects started in Kazakhstan on November 8, 2021, Trend reports referring to the country’s Energy Ministry.

The auctions began with the selection of hydroelectric projects with a total installed capacity of 20 MW. This auction was declared valid.

Four companies were allowed to participate in the auctions. During the trading session, the participants submitted six price proposals, the unit capacity of the projects ranged from 1.4 MW to 4.9 MW. The total capacity of projects, for which bids were submitted, made up 11.8 MW.

The maximum auction price during the auction for the selection of HPP projects in 2021 was 15.2 tenge (3.54 cents) per kWh (excluding VAT).

During the trading session, the price range of bids received from auction participants ranged from 15.19 tenge (3.53 cents) to 15 tenge (3.49 cents) per kWh (excluding VAT).

Representatives of the Ministry of Energy of the Republic of Kazakhstan, KazEnergy ALE, USAID, UNDP, “Atameken” NPP took part in the auction as observers. The observers noted the holding of the auctions in accordance with the approved normative legal acts and confirmed the transparency of the operation of the electronic trading system of the auction organizer – “KOREM” JSC.

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