News Kazakhstan

News Kazakhstan13.09.2022

Central Asian countries has potential to establish regional electricity market

QAZAQ GREEN.  Lawrence Hardy, Regional Mission Director for USAID/Central Asia, told during the first Central Asian Clean Energy Forum in Almaty about the potential on establishing a CAREM, the regional electricity market in Central Asia.

Climate change is affecting Central Asian countries and the world at large with increasing force. Climate change threatens economic development and food security, and added that about 40 percent of the energy sector's share of global emissions is linked to electricity production, said Lawrence Hardy.

All five countries have great potential to establish a commercially-viable, market-based power system - a good regional electricity market. USAID is already working to create CAREM, which will reduce carbon emissions. A strong market can protect against shocks in the energy sector by maximizing clean power generation, Lawrence Hardy said.

Central Asian countries have made commitments to achieve carbon neutrality. Kazakhstan aims to achieve carbon neutrality by 2060.

Kazakhstan has the largest renewable energy potential in the region. Uzbekistan is now downsizing its traditional plants and introducing RES facilities, solar, wind farms. In Kyrgyzstan and Tajikistan, hydropower plants already play a very important role in the sector. In Kyrgyzstan, hydropower plants account for 80% of the total capacity, in Tajikistan - 90% and it is impressive. The governments of both countries have said that they will reduce CO2 emissions further, he said.

Lawrence Hardy noted that Turkmenistan is at the stage of setting low-carbon goals for the country and assessing opportunities to reduce carbon emissions.

In September, in Turkmenistan, with the leadership of Masdar discussed cooperation between Turkmenistan and the UAE in the field of energy. In particular, they discussed issues of rational use of renewable energy sources and ensuring energy security.

Remind that the U.S. Agency for International Development (USAID) launched on 13 September its first Central Asia Clean Energy Forum, an international event themed “Energy Transition and Innovation” that brings together nearly 300 participants from the Central Asian region and around the world to address key energy sector challenges and opportunities.

Policymakers, utility executives, leading technology companies, and international investors have convened in Almaty to discuss energy strategies, emerging clean energy technologies, and investments to respond to the major changes in both the regional and global energy scene.

Vice-Minister of Energy of the Republic of Kazakhstan, Zhandos Nurmaganbetov, welcomed the participants on behalf of the Ministry of Energy. Deputy Minister of Energy of the Kyrgyz Republic, Tilek Aitaliev, Deputy Minister of Energy and Water Resources of the Republic of Tajikistan, Sorbon Kholmuhammadzoda, Deputy Chairman of the Antimonopoly Committee of the Republic of Uzbekistan, Bekzod Ummatov,  and Chief Engineer of Turkmenistan’s State Electricity Corporation “Turkmenenergo”, Erkin Gurbanov, also joined the event to present on and discuss the state of energy transition in the region.

Over 50 speakers, representing Central Asia, the U.S., India, Saudi Arabia, Ukraine, Austria, and France, presented major initiatives to help the Central Asian countries meet their climate commitments, discuss the role of innovation, technology, and finance to support the energy transition, and respond to the challenges and opportunities of market-based regional electricity cooperation and trade that have the greatest implications for the future trajectory of energy system development.

As part of the Forum, USAID also launched the American Innovation Center for Central Asia –  a virtual platform to promote the use of global best practices and modern technologies for renewable energy development and integration.

 

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