Industry news

On November 22, an auction was held on renewable energy for the northern zone of the UEN of the Republic of Kazakhstan for the selection of wind power plants with a total installed capacity of 50 MW.

10 companies were admitted to the auction, 37 price proposals were submitted by the participants during the trading session, the unit capacity of the projects ranged from 15 to 50 MW. The total volume of applications submitted was 465 MW. The maximum auction price during the auction for the selection of wind farm projects in 2022 was 21.53 tg/kWh (excluding VAT). During the trading session, the price range of bids received from auction participants ranged from 21.53 to 12.99 tenge/kWh (excluding VAT).

According to the results of the auction , the following company was determined as the winner:

• Next Green Energy LLP (Kazakhstan-China) the installed capacity of the project is 50 MW, the auction price is 12.99 tg/kWh (without VAT). The project is planned to be located near the Mugalzhar district of Aktobe region.

The observers were representatives of the Ministry of Energy, the «Kazakhstan Electric Power Association», «KAZENERGY, the «Qazaq Green Association», they noted the full transparency of the electronic trading system of the auction organizer – «KOREM» JSC.

As a result, the auction price decreased by 39.66%.

The next auction is scheduled for November 23, 2022 for the selection of wind power projects with a total installed capacity of 50 MW.