Ministry of Energy: Use of RES is an important direction in the development of Kazakhstan's energy sector

21 June 2017, 13:15

The agreements signed today in the Government between the Ministry of Energy of the Republic of Kazakhstan, financial institutions and investors will create the basis for further development of the renewable energy sources (RES). This was announced by the Minister of Energy Kanat Bozumbayev following the signing ceremony.

According to K. Bozumbayev, in the next 2-3 years RES projects with a total capacity of about 500 MW will be financed.

"With the European Bank for Reconstruction and Development, we signed a framework agreement on the allocation of $200 million from the Global Climate Facility for the construction of solar wind farms in Kazakhstan. Due to this, we can additionally raise 480 million dollars from other financial institutions," the minister said.

United Green and Baikonur Solar today signed a Mandate Letter with the European Bank for Reconstruction and Development for the construction of a solar power plant in the Kyzylorda region, with a capacity of 50 MW. In addition, the Agreement on the financing of the project "Construction of the wind power plant Astana EXPO-2017" with a capacity of 100 MW in Akmola region between LLP CATEC Green Energy, Development Bank of Kazakhstan and JSC "BRK-Leasing" was signed.

The Minister also recalled that last week within the framework of the Ministerial Conference an Agreement on cooperation and support for the project on the expansion of the solar power station "Burning Solar" between the Ministry of Energy of the Republic of Kazakhstan, the European Bank for Reconstruction and Development and the United Green Company was signed.

"Thus, today we signed agreements, on an average of 700 MW of renewable capacity. In Kazakhstan in recent years we have introduced renewable energy sources for 300 MW. Of these, last year we introduced 150 megawatts. We must implement all these agreements. The task is to bring the capacity of renewable energy sources to 3% of the total electricity consumption by 2020. This indicator is fixed in the Concept of the development of the "green" economy ", - concluded K. Bozumbaev.

In turn, the director of the European Bank for Reconstruction and Development in Kazakhstan, Agris Preymanis, reported on the support of projects implemented in the field of renewable energy.

"For Kazakhstan, the development of the green economy" is connected not only with the environment, but also with issues of competitiveness, which will be promoted by investments attracted to the sphere of RES," stressed A. Preymanis.