Energomost

Energomost

AUCTIONS

Auctions for Renewable Energy in Kazakhstan

Auctions for Renewable Energy in Kazakhstan

In accordance with the Law of the Republic of Kazakhstan "On Supporting the Use of Renewable Energy Sources," a transparent and competitive auction system for renewable energy projects has been established.
Key elements of the legislative framework:
— Centralized scheme of electricity purchase and sale with the participation of the Settlement and Financial Center (SFC)
— Standard 15-year PPA contract at auction tariff in tenge
— Standard form of connection of renewable energy facilities to the power grid
— Contract with the Government of Kazakhstan when implementing investment projects
Main principles of the auctions:
— The participant offering the lowest price per 1 kWh wins
— Auctions are conducted by zones of the Unified Energy System of Kazakhstan, taking into account technical limits and types of RES (HPP, SPP, WPP, etc.)
— Applications are submitted online via JSC "KOREM"
— Auctions are held according to the schedule approved by the Ministry of Energy of Kazakhstan
— Participation requires a bank guarantee
Ensuring competition and transparency:
— All interested companies may participate
— The auction schedule is published at least 3 months in advance
— The volume of applications must exceed the announced capacity by at least 30%
— Participation of at least two companies is mandatory
— Grid connection points and land plots are reserved in advance

Auction Parameters

Parameter Description
Participation format Online application via JSC "KOREM"
Contract type 15-year PPA contract in tenge
Winning criterion Lowest price per 1 kWh
Frequency Determined by the Ministry of Energy of Kazakhstan
Reservation Land plots and grid connection points
Minimum number of participants 2 companies
Application volume ≥ 130% of the announced capacity
Financial guarantees Bank guarantee required