News Kazakhstan

News Kazakhstan29.11.2023

Solar Power Plant Auction ends with record-breaking price drop in last five days

QAZAQ GREEN. On November 29, 2023, the fifth auction for selecting projects to construct a solar power plant concluded, marking a milestone in Kazakhstan's renewable energy initiatives. The auction, focusing on the Southern zone of the UES RK with a total installed capacity of 20 MW, witnessed robust participation from 12 companies, resulting in 32 price proposals and a total application volume of 170.001 MW.

During the trading session, the competitive landscape unfolded with bid prices ranging from 34.61 to 13.89 KZT/kWh (excluding VAT). This remarkable price range represented a staggering 59.86% decrease from the starting auction price—the highest reduction seen in the past five days of bidding for SPP projects.

The winner is DALA SOLAR LLP, it secured the project with a 20 MW installed capacity at an auction price of 13.89 KZT/kWh (excluding VAT). The intended location for the project is the Turkestan region.

The presence of observers from the Ministry of Energy of the Republic of Kazakhstan, Atameken NCE RK, Kazakhstan Association of Regional Environmental Initiatives "ECOJER", and the EBRD ensured the adherence to regulatory legal acts governing the organization and conduct of auction auctions within the electronic trading system.


This year, following the Auction Schedule, a total of 5 auctions were held for SPP projects, boasting a combined installed capacity of 100 MW. The results were striking, with prices slashed by more than half from the initial bids, reaching a new low of 13.89 KZT/kWh (excluding VAT).

The next auction, which ends this year, is scheduled for November 30, 2023, it will focus on selecting projects for the construction of a BioPP with a total installed capacity of 10 MW across all zones of the UES of the Republic of Kazakhstan.

 

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