Auction Bidding for the Selection of Large Hydropower Plant Construction Projects Held in Kazakhstan.
On May 21, 2026, auction bidding was conducted for the selection of hydropower plant (HPP) construction projects across all zones of the Unified Power System (UPS) of the Republic of Kazakhstan, with a total installed capacity of 150 MW.
Two companies were admitted to participate in the auction. During the trading session, participants submitted three price bids, while the total volume of submitted applications amounted to 36.61 MW.
According to the auction results, the following companies were declared winners:
- LLP “Miliar Company” was recognized as the winner for two projects: a project with an installed capacity of 16.5 MW at an auction price of KZT 41.23/kWh (excluding VAT); a project with an installed capacity of 10.1 MW at an auction price of KZT 41.13/kWh (excluding VAT).
- LLP “OsirisEnergo” was recognized as the winner for a project with an installed capacity of 10.01 MW at an auction price of KZT 41.18/kWh (excluding VAT).
Representatives of the Ministry of Energy of the Republic of Kazakhstan and the Kazakhstan Electric Power Association participated in the auction as observers. The observers confirmed the transparency and proper operation of the electronic trading system operated by JSC “KOREM”.
The next auction bidding for the selection of hydropower plant construction projects will take place on May 22, 2026, across all zones of the UPS of the Republic of Kazakhstan, with a total installed capacity of 50 MW.
