Auction

Law “ON SUPPORT OF RENEWABLE ENERGY SOURCES USE”

DEFINES THE FOLLOWING:

  • Scheme for the purchase and sale of RES electric power with the Accounting and Finance Center
  • Standard form of the 15-year PPA agreement at the auction tariff in the national currency tenge 
  • Standard form of RES facility connection to electric networks

 

BASIC PRINCIPLES OF THE AUCTION:

The main criterion for determining the winners is the lowest price

The auction is held in the UES zones of the Republic of Kazakhstan taking into account technical limits and RES types

Method of application submission for participation in the auction –Online (organized by KOREM)

Frequency of the auction is determined by the Ministry of Energy of the Republic of Kazakhstan

Bank guarantee is required for admission to trading

 

COMPETITION ASSURANCE

  • All participants are allowed for bidding at auction.
  • The auction schedule is published 3 months prior
  • Method of application submission for participation in the auction –Online
  • The volume of applications must be at least 130% of the declared capacity
  • At least two participants in the auction
  • Reservation of network connection points
  • Reservation of land plots