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Monday, September 24th, 2018

Ministry of Energy: Use of renewable energy sources is an important direction in the development of Kazakhstan’s energy sector

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The agreements signed today in the Government between the Ministry of Energy of the Republic of Kazakhstan, financial institutions and investors create the basis for further development of renewable energy sources (RES). This was announced by the Minister of Energy Kanat Bozumbayev following the signing ceremony.

According to K. Bozumbayev, in the next 2-3 years RES projects will be financed for a total capacity of about 500 MW.

We signed a framework agreement on the allocation of 200 million USD from the Global Environment Facility with the European Bank for Reconstruction and Development for the construction of solar wind farms in Kazakhstan. Due to this, we can additionally attract 480 million USD from other financial institutions, � the Minister said.

Today, United Green and Baikonur Solar signed a Mandate Letter with the European Bank for Reconstruction and Development for the construction of a solar power plant in Kyzylorda region, with a capacity of 50 MW. In addition, an Agreement was signed on financing of the project “Construction of the Astana Expo-2017 wind power plant with a capacity of 100 MW in Akmola region between LLP CATEC Green Energy, Development Bank of Kazakhstan and JSC BRK-Leasing.

The Minister also recalled that last week within the framework of the Ministerial Conference an Agreement was signed on cooperation and support for the project on expanding the “Burnoye Solar” solar power station between the Ministry of Energy of the Republic of Kazakhstan, the European Bank for Reconstruction and Development and the United Green Company.

Thus, today we signed agreements for an average of 700 MW of renewable capacity. In Kazakhstan in recent years we have introduced renewable energy sources amounting to 300 MW. Of these, in the last year – 150 megawatts. We must implement all these agreements. The task is to bring the capacity of renewable energy sources to 3% of the total electricity consumption by 2020. This indicator is fixed in the Concept for Green Economy Development, � K. Bozumbayev concluded.

In turn, Director of the European Bank for Reconstruction and Development in Kazakhstan Agris Preimanis reported on the support of projects implemented in the field of renewable energy.

For Kazakhstan, development of the green economy is connected not only with the environment, but also with issues of competitiveness, which will be promoted by investments attracted to the field of RES, � A. Preimanis stressed.

Source: Government of the Republic of Kazakhstan

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