Kazakhstan to build capacious renewable energy facilities

Kazakhstan Materials 28 October 2021 14:32 (UTC +04:00)

BAKU, Azerbaijan, Oct. 28


Kazakhstan’s Ministry of Energy, Samruk-Kazyna JSC, NC KazMunayGas (KMG) JSC and Total Eren S.A signed a Memorandum of Understanding, Trend reports citing the Kazakh media.

The signed document is aimed at development, financing, construction and operation of hybrid power plants using wind energy in Kazakhstan with a total capacity of about 1 GW. At the same time, the project plans to use an energy storage system based on energy storage, storage technologies.

In turn, Total Eren S.A will work to attract investments from international financial institutions for implementation of this project.

The project will be implemented in stages. At the first stage, the project's capacity will be 200 MW with the appropriate infrastructure for storing electricity. Full completion of the project is scheduled for late 2024.

“In accordance with the approved Concept of Kazakhstan's transition to a "green" economy, the Ministry of Energy is systematically developing the renewable energy sector. This is especially important for the southern regions of our country. So, we are ready to assist in the implementation of this project,” said Energy Minister Magzum Mirzagaliyev.

“Currently, the global energy industry is on the brink of great changes. Therefore, KazMunayGas, as a participant in the global energy market, is studying the prospects for energy transition and the development of alternative energy. We have already developed and adopted the Low-Carbon Development Program until 2031,” the minister added.

“We are interested in implementation of projects of renewable energy sources and consider "green" energy as one of the areas with the greatest potential for decarbonization of our activities,” noted the Chairman of the KMG Management Board Alik Aidarbayev.