Current events

On November 11, 2024, auctions for renewable energy sources were held for all zones of the Unified Electric Power System of the Republic of Kazakhstan (with the exception of the Tentek River), for the selection of projects for the construction of hydroelectric power plants with a total installed capacity of 200 MW.

9 companies were allowed to participate in the auction, and 10 price offers were submitted by the participants during the trading session.  The declared total capacity from the auction participants amounted to 220.9 MW.

The maximum auction price approved by the Energy Ministry of the Republic of Kazakhstan during the auction for the selection of HPP projects in 2024 is 41.23 tenge/kWh (excluding VAT).

During the competition at the auction among the auction participants, a decrease in the price range of applications from 41.23 to 37 tenge/kWh (excluding VAT) was obtained.

In accordance with paragraph 55 of the Rules for the Organization and Conduct of Auctions, the volume of installed capacity selection has been increased from 200 to 220.9 MW.

According to the results of the auction, the following companies were identified as winners:

• «Korinskaya HPP-2» LLP, the installed capacity of the project is 18.5 MW, the auction price is 37 tg/kWh (excluding VAT);
• «Standard Hydropower» LLP the installed capacity of the project is 18.2 MW, the auction price is 37.01 tg/kWh (without VAT);
• «ADM Energy» LLP the installed capacity of the project is 12 MW, the auction price is 37.05 tenge/kWh (without VAT);
• «Eskeldinskaya HPP» LLP the installed capacity of the project is 23.2 MW, the auction price is 37.3 tg/kWh (without VAT);
• «Kalzhyrgidro» LLP the installed capacity of the project is 19 MW, the auction price is 37.35 tg/kWh (without VAT);
• «National Energy Company «Zharyk Energo»» LLP the installed capacity of the project is 10.5 MW, the auction price is 37.4 tg/kWh (without VAT);
• «Korinskaya HPP-2» LLP the installed capacity of the project is 26 MW, the auction price is 37.49 tenge/kWh (without VAT);
• «BOROHUDZIR HPP» LLP» LLP installed capacity of the project 10.5 MW, auction price 37.8 tg/kWh (excluding VAT);
• «Baskan Irrigation» LLP the installed capacity of the project is 30 MW, the auction price is 37.99 tenge/kWh (without VAT);
• Consortium between «KOKSU HYDRO» LLP and «Qamqor Energy» LLP the installed capacity of the project is 53 MW, the auction price is 41.21 tenge/kWh (excluding VAT)

In order to comply with the requirements of the Rules for Organizing and conducting auctions, representatives of the Energy Ministry of the Republic of Kazakhstan, USAID and JSC «KOREM» participated as observers.

The next auction is scheduled for November 12, 2024 for the selection of projects for the construction of HPP with a total installed capacity of 100 MW.

The very first news about the results of the auction is published on the official website and social networks of the  auction organizer:

Website- https://www.korem.kz/     

Telegram - https://t.me/aokorem    

Facebook - https://www.facebook.com/korem.jsc  

Instagram - https://www.instagram.com/korem_kz/