Kazakhstan to Hold Green Energy Auction
Kazakhstan to Hold Green Energy Auction

Kazakhstan to Hold Green Energy Auction

Kazakhstan to Hold Green Energy Auction

Kazakhstan plans to hold the first green energy auction in 2018 to purchase energy generated from renewable energy sources. This was announced by Kazakh Energy Minister Kanat Bozumbayev during a government meeting on environmental issues, Kazakh media reported on October 31. “In 2018, we plan to hold the first auction on RES. I think ensuring attractive conditions for the winner of the auction would help us reduce the RES tariffs and attract major international investors,” he said. Kanat Bozumbayev stressed that the auction is expected to have positive results for the country and tariffs for the Kazakh "green" electricity would be more acceptable for consumers. “Previously, such a practice was applied by Saudi Arabia when the Masdar Company won an auction setting a price of 1.8 cents per 800 megawatt.” The minister mentioned that Kazakhstan has agreements with international financial institutions on allocating funds for the development of renewable energy sector in the country. For instance, the European Bank for Reconstruction and Development will allocate €200 million ($233 million) to renewable energy projects in Kazakhstan.

Short URL : https://goo.gl/4MxgZv
  1. https://goo.gl/U2g1yW
  • https://goo.gl/MePE4j
  • https://goo.gl/W3jAQR
  • https://goo.gl/cyTCaX
  • https://goo.gl/2xiroh

You can also read ...

Trump Blocked From Ending Oil, Gas Waste Rule
A US court temporarily blocked the administration of US...
BMW Recalls Thousands of Diesel Cars Over Emissions
German high-end carmaker BMW on Friday recalled thousands of...
DOE officials hope to gradually expand the scheme to other organizations.
The Department of Environment insists on continuing the...
Black Carbon in Tehran Air Declines
Data from Tehran Air Quality Control Company (affiliated to...
Gazelle Population Growing
The population of Persian gazelle, an endangered species, has...
Car Washes Monitoring Underway
The Department of Environment has launched a scheme to monitor...
Atlantic Shark Discovered
Scientists have discovered a species of shark that makes its...

Add new comment

Read our comment policy before posting your viewpoints