Company news archive

   “KOREM” JSC announces that on April 28, 2026, open auction trading sessions were held for the selection of renewable energy projects in the category of solar power plants (SPPs) with an installed capacity of 50 MW.    Following the results of the trading session, only one company was admitted to participate in the auction. In this regard, pursuant to subparagraph 2) of paragraph 67 of the Rules for Organizing and Conducting Auction Trading, approved by Order No. 466 of the Minister of Energy of the Republic of Kazakhstan dated December 21, 2017 (requiring at least two participants to submit applications in the trading system for participation in the auction), the auction was declared invalid.    As a result of the auction trading session, no winner was determined.    According to the announcement of the Ministry of Energy of the Republic of Kazakhstan, the repeated open auction for the selection of 50 MW solar power plant (SPP) projects will be held on July 23, 2026, at 3:00 PM.    As the Organizer of the auction trading sessions, “KOREM” JSC informs that the submission of documents and registration of applicants for participation in the repeated auction trading sessions shall be carried out in accordance with the Rules for Organizing and Conducting Auction Trading, starting 30 (thirty) calendar days prior to the auction date and ending 5 (five) business days before the commencement of the auction.    For additional information, please contact “KOREM” JSC by sending an inquiry to koremadm@korem.kz or by phone at +7 (7172) 982-965.  

   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.

   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.  

   On May 20, 2026, an auction was held for the selection of wind power plant (WPP) construction projects in the Northern Zone of the Unified Energy System (UES) of the Republic of Kazakhstan, with a total installed capacity of 100 MW.    A total of 8 companies were admitted to participate in the auction. During the bidding session, participants submitted 25 price bids, while the total volume of submitted applications reached 800 MW.    Following the auction results, Terra Wind LLP was declared the winner. The project’s installed capacity amounts to 100 MW, with an auction tariff of KZT 12.88 per kWh (excluding VAT).    Representatives of the Ministry of Energy of the Republic of Kazakhstan, the Qazaq Green Renewable Energy Association, the Kazakhstan Electric Power Association, and the EcoJer Kazakhstan Association of Regional Environmental Initiatives participated in the auction as observers.   The observers confirmed the transparency and proper functioning of the electronic trading platform operated by KOREM JSC.  

   On May 19, 2026, an auction was conducted for the selection of wind power plant (WPP) construction projects in the Northern Zone of the Unified Power System of the Republic of Kazakhstan, with a total installed capacity of 100 MW.    Seven companies were admitted to participate in the auction. During the trading session, participants submitted 25 price bids, while the total volume of submitted applications reached 600 MW.    Following the auction results, Plenitude Kazakhstan was declared the winner. The project’s installed capacity amounts to 100 MW, with an auction tariff of KZT 11.48/kWh (excluding VAT).    Representatives of the Ministry of Energy of the Republic of Kazakhstan, Qazaq Green Renewable Energy Association, Kazakhstan Electric Power Association, and Atameken National Chamber of Entrepreneurs participated in the auction as observers. The observers confirmed the transparency and proper functioning of the electronic trading system operated by KOREM JSC.    The next auctions for the selection of WPP construction projects are scheduled for May 20, 2026, in the Northern Zone, with a total installed capacity of 100 MW.    

   On May 18, 2026, free auction trading was held for the selection of solar power plant (SPP) construction projects in the Southern Zone of the Unified Power System of the Republic of Kazakhstan (Kyzylorda Region) with a total installed capacity of 65 MW.    One of the key requirements for the implementation of solar power plant projects within the framework of the free auction trading is the integration of energy storage systems with a capacity of at least 30% of the installed capacity of the facility and with sufficient energy capacity to provide the specified output for no less than four hours.    Four companies were admitted to participate in the auction trading. During the trading session, participants submitted eighty price bids, while the total volume of submitted applications amounted to 155 MW.    According to the auction results, the following companies were recognized as winners: LLP “Bereke-Solar” — project installed capacity: 15 MW; auction price: KZT 31.45/kWh (excluding VAT); LLP “VIGOR Holding” — project installed capacity: 20 MW; auction price: KZT 31.46/kWh (excluding VAT); LLP “Tesis” — project installed capacity: 60 MW; auction price: KZT 31.49/kWh (excluding VAT).    Representatives of the Ministry of Energy of the Republic of Kazakhstan, the Association of Renewable Energy “Qazaq Green”, the Kazakhstan Electric Power Association, and the Kazakhstan Association of Regional Environmental Initiatives “EcoJer” participated in the auction trading as observers. The observers confirmed the transparency and proper functioning of the electronic trading system operated by JSC “KOREM”.    The next auctions for the selection of wind power plant (WPP) construction projects are scheduled for May 19, 2026, in the Northern Zone, with a total installed capacity of 100 MW.  

   Kazakhstan Electricity and Capacity Market Operator JSC informs that from May 18 to 29, 2026, an online survey on the topic “Energy System of the Republic of Kazakhstan” will be conducted on the “Open Dialogue” portal.

   The topic of the internet conference: «Operation and stability of centralized electricity trading for energy producing organizations»    Date: May 14, 2026.    Time: 8.30 - 17.30

   On behalf of the management of JSC “KOREM” and on my own behalf, I sincerely congratulate you on May 7 – Defender of the Fatherland Day!    This holiday symbolizes courage, heroism, and devoted service to the Motherland. At all times, defending the Fatherland has been a matter of honor and great responsibility. Today, you достойно continue these traditions, making a significant contribution to the development of the Company and strengthening the stability of our society.    I express my sincere gratitude for your professionalism, reliability, and dedication to your work.    I wish you good health, well-being, confidence in the future, and continued success in your activities for the benefit of the Republic of Kazakhstan and JSC “KOREM”!   Happy holiday!   Chairman of the Board JSC “KOREM”    A.N. Daribayev      

   ASTANA, 11 March 2026 — An expanded meeting dedicated to discussing constitutional reform and the upcoming referendum was held at the Kazakhstan Electric Power Association (KЕA), attended by deputies of the Mazhilis of the Parliament of the Republic of Kazakhstan, KЕA leadership, and heads of major energy holdings. Other regions joined via video link.

As part of preparations for the upcoming republican referendum, employees of «KOREM» JSC attended a large-scale explanatory meeting organised by the headquarters of the national coalition.