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KAZAKHSTAN’S MINISTER OF ENERGY KANAT BOZUMBAEV INVITED INTERNATIONAL INVESTORS TO TAKE PART IN RENE

At the VIII Session of the Assembly of the International Renewable Energy Agency (IRENA – International Renewable Energy Agency) in Abu Dhabi, the Kazakhstani delegation led by the Minister of Energy Kanat Bozumbaev noted that Kazakhstan is in the process of transition from production and consumption of hydrocarbon energy to the model of ” green” economy.

“The country approved the concept on the transition of the Republic of Kazakhstan to a” green” economy, within the framework of which, in order to plan the development of the renewable energy sector, it is set the goal to increase the share of renewable energy in the country’s energy balance from the current 1% to 3% in 2020, to 10% in 2030, and up to 50% in 2050,”- K. Bozumbaev noted.

According to Minister Bozumbaev, the mechanisms to support renewables approved in 2009 allowed the launch of the renewable energy market and implemented 55 projects with a total capacity of 335.7 MW.

“Starting from this year, we plan to hold the first renewable energy auctions  on the total installed capacity of 1 GW. Taking this opportunity, I invite investors, foundations and financial institutions to participate in renewable energy auctions in Kazakhstan. For my part, I want to assure that the Ministry of Energy of Kazakhstan will provide a transparent, impartial process for selecting the winners of the auctions, and will provide comprehensive support to the winners both at the stage of concluding the PPA contract and at all stages of project implementation, “the minister said.

Also, an agreement was signed between the MoE of the Republic of Kazakhstan, the European Bank for Reconstruction and Development (EBRD) and French URBASOLAR on the support of the Zadaria project for the construction of a solar power plant (14 MW) in the city of Arysi in the South Kazakhstan region.

Moreover, the EBRD will provide a loan of up to USD 8.8 million for the construction of SPP in South Kazakhstan, and the Clean Technology Fund will provide concessional financing of up to US $ 3.9 million. The project will be implemented by a special project company – Kaz Green Tek Solar LLP.

Nandita Parshad, EBRD Managing Director for Energy and Natural Resources, said: “The EBRD is very proud to be leading the way in our region of operations in creating markets for renewable energy. The project support agreement we have signed today with the Minister of Energy, Kanat Bozumbayev, comes only half a year after a project signed at the opening of EXPO 2017 in Astana, which demonstrates the country’s commitment to making progress in the renewables sector. I also want to thank our partner, the Clean Technology Fund, for supporting yet another project in Kazakhstan.”

Arnaud Mine, President of Urbasolar, said: “We believe that photovoltaic technology will play a significant role in electricity production in Kazakhstan and Central Asia. This project will demonstrate the technical performance and economic viability of such a plant. We have been working for four years to prepare this project, and collaboration with the EBRD and the local partners is key to its success, as well as to that of future developments.”

During the participation at the 8th session of the IRENA Assembly, the possibility of participating in the VI cycle of financing the ADFD / IRENA projects was also discussed.

The Kazakhstan delegation also took part in the opening ceremony of the 11th World Summit “Energy of the Future” and the awarding of the International Prize Zayed Future Energy Prize, within the framework of which visited the international exhibition and the Kazakhstan pavilion.


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