Industry news

On November 4, 2022, the first day of RES auctions for the Northern and Southern zones of the UES of the Republic of Kazakhstan for the selection of hydroelectric power projects with a total installed capacity of 20 MW was held.

According to the requirements of paragraph 51 of the Rules for Organizing and Conducting Auctions for the Selection of renewable Energy Projects, the auction was declared invalid, due to the fact that the total volume of installed capacity of applications for participation in the auction was less than 130% of the volume of demand for installed capacity.

Representatives of the Ministry of Energy, the Committee for Regulation of Natural Monopolies of the Ministry of Energy of the Republic of Kazakhstan, the Kazakhstan Electric Power Association, the Qazaq Green Renewable Energy Association, the Asian Development Bank participated in the auction as observers. Observers note the full transparency of the electronic trading system of the auction organizer – JSC «KOREM».

According to the results of the auction, the winner has not been determined.

The next auction is scheduled for November 4, 2022 at 14:00 hours for the selection of hydroelectric power projects with a total installed capacity of 200 MW.

Auction bidding, being one of the stages of the systematic development of renewable energy sources, are aimed at selecting the most effective projects and forming competitive market prices for electric energy produced by renewable energy facilities.

According to the Rules of organization and conduct of auction bidding (Order of the Ministry of Economic Affairs of the Republic of Kazakhstan No. 466 dated December 21, 2017), the Ministry has formed an auction Schedule.

According to the Auction Schedule approved by the Ministry, this year it is planned to hold auctions in the amount of 690 MW of installed capacity, broken down by types of power plants:

- solar power plants – 60 MW;

- wind power plants – 400 MW;

- hydroelectric power plants – 220 MW;

- Bio ES - 10 MW.