The auction process for the selection of small hydropower plant (HPP) construction projects in Kazakhstan, which became the final stage within the framework of the current auction schedules approved by the authorized body, has been completed.
On May 22, 2026, auction trading for the selection of hydropower plant (HPP) construction projects with a total installed capacity of 50 MW was held across all zones of the Unified Power System (UPS) of the Republic of Kazakhstan.
Five companies were admitted to participate in the auction trading. During the trading session, participants submitted five price bids, while the total volume of submitted applications amounted to 21.5 MW.
Following the auction results, the winners were recognized as follows:
- LLP “Orbulaq Energy” — project installed capacity: 4.9 MW; auction price: KZT 41 per kWh (excluding VAT);
- LLP “QazQuat” — project installed capacity: 2.4 MW; auction price: KZT 40.80 per kWh (excluding VAT);
- LLP “Zhastar Quat Company” — project installed capacity: 2.7 MW; auction price: KZT 40.95 per kWh (excluding VAT);
- LLP “Arasan HPP” — project installed capacity: 4.5 MW; auction price: KZT 41.22 per kWh (excluding VAT);
- LLP “Company A&T-Energo A” — project installed capacity: 7 MW; auction price: KZT 41.23 per kWh (excluding VAT).
Representatives of the Ministry of Energy of the Republic of Kazakhstan, the Kazakhstan Electric Power Association, and the Qazaq Green Renewable Energy Association participated in the auction as observers. The observers confirmed the transparency and proper functioning of the electronic trading system operated by JSC “KOREM”.
Additionally, in accordance with the 2026 Auction Trading Schedule approved by Order No. 69-н/қ of the Ministry of Energy of the Republic of Kazakhstan dated February 16, 2026, a total of nine auctions with an aggregate capacity of 915 MW have been conducted to date. All auctions were organized and held in full compliance with the approved schedules. At the same time, one auction for large-scale solar power plants (50 MW) was declared invalid due to an insufficient number of participants.
As of today, within the framework of the 2026 auction trading schedule, 16 renewable energy projects with a total installed capacity of 753.11 MW have been selected, including: Wind Power Plants (WPPs) — 450 MW, Solar Power Plants (SPPs) — 245 MW, Hydropower Plants (HPPs) — 58.11 MW (large HPPs — 36.61 MW, small HPPs — 21.5 MW).
According to the results of the auctions conducted to date within the framework of the 2026 auction schedule, the maximum reduction in auction prices by project type amounted to: SPPs — 9.0%, WPPs — 48.57%, HPPs — 1.04%.
JSC “KOREM” continues to ensure transparency and competitiveness in the conduct of renewable energy auctions.
