Joint-Stock Company Kazakhstan electricity and power market operator

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Announcements
04 October, 2018
To all entities concerned on auctions for selection of RES projects!

According to subparagraph 1 of paragraph 63 of Chapter 3 of the Rules of organizing and holding auctions, including qualification requirements for auction participants, the content and procedure for submitting applications, types of financial guarantee for participation in auctions and conditions of their deposit and return, the procedure for summing up the results and determining the winner, the RES auctions of October 4, 2018 has been cancelled.

In this regard, according to paragraph 64 of Chapter 3 of the above-mentioned Rules and paragraph 86 of Chapter 7 of Methodology guidelines on auctions for selection of renewable energy sources projects approved by order of the Chairman of the Board of JSC KOREM П-12 dated April 11, 2018, the RES auctions of October 4, 2018 has been moved on October 5, 2018 from 9.00 to 12.00 by Astana time.

21 September, 2018
To all entities concerned on auctions for selection of RES projects!

«Attention! Dear Auction Participants! We are writing to let you know that on September 11, 2018 the order of the Minister of Energy of the Republic of Kazakhstan №360 "On amendments and additions to some orders of the Minister of energy of the Republic of Kazakhstan" has been signed which shall be enforced upon expiry of twenty-one calendar days after its first official publication. Please be informed that according to the schedule of auctions for 2018, approved by Order of the Minister of Energy of the Republic of Kazakhstan as of 22.02.18 No. 65, the JSC KOREM holds auctions for selection of renewable energy projects as follows:

  • On October 3 2018, the auctions for selection of renewable energy projects – small WPPs, auctioned installed capacity – 50 MW, the UPS zone – North, deadline for acceptance of documents – until 25.09.18, Organizer's receipt of the signed contract from the Applicant – 02.10.18, not later than 12:00 Astana time, term of payment for Organizer's Services by the Applicant – 02.10.18, not later than 18:00 Astana time, final deadline for submission of financial guarantee to the the FSC of RE LLP – 28.09.2018, on October 4, 2018, the auctions for selection of renewable energy projects – large WPPs, auctioned installed capacity – 250 MW, the UPS zone – North, deadline for acceptance of documents – until 26.09.18, Organizer's receipt of the signed contract from the Applicant – 03.10.18, not later than 12:00 Astana time, term of payment for Organizer's Services by the Applicant – 03.10.18, not later than 18:00 Astana time, final deadline for submission of financial guarantee to the the FSC of RE LLP – 01.10.2018. Auctions for selection of renewable energy projects for October 3 and 4 will be held according to the Rules of organizing and holding auctions, including qualification requirements for auction participants, the content and procedure for submitting applications, types of financial guarantee for participation in auctions and conditions of their deposit and return, the procedure for summing up the results and determining the winner, approved by Order of the Minister of Energy of the Republic of Kazakhstan as of 21.12.2017, No. 466. The Organizer calculates the price at the accomplishments of the following conditions – the total supply volume at least 150 % from the declared demand and number of participants in the auctions at least three;
  • The subsequent auctions for selection of renewable energy projects will be held with allowances made for the changes and additions to the Rules approved by Order of the Minister of Energy of the Republic of Kazakhstan as of 11.09.2018, No. 360, which come into force starting from 06.10.2018. Where according to paragraph 51, the Organizer calculates the price under the following conditions:
  • the total supply volume at least 130% of the declared demand;
  • the number of registered and eligible participants is at least two.

In the "Legislation" section there are placed the Rules of organizing and holding auctions, including qualification requirements for auction participants, the content and procedure for submitting applications, types of financial guarantee for participation in auctions and conditions of their deposit and return, the procedure for summing up the results and determining the winner, approved by Order of the Minister of Energy of the Republic of Kazakhstan as of 21.12.2017, No. 466, amendments to the Rules of organizing and holding auctions, including qualification requirements for auction participants, the content and procedure for submitting applications, types of financial guarantee for participation in auctions and conditions of their deposit and return, the procedure for summing up the results and determining the winner, approved by Order of the Minister of Energy of the Republic of Kazakhstan as of 11.09.2018, No. 360, Methodology guidelines to hold auctions for selection of renewable energy sources projects.

We will be glad to help and answer your questions at the following contact numbers: +77172690706, +77172690726».

25 August, 2018
To all entities concerned on auctions for selection of RES projects!

In the RES auctions section there is a tutorial for registration in the trading system.

25 July, 2018
To all entities concerned on auctions for selection of RES projects!

In the RES Auctions section there is an  Invitation to the Seminar on introduction of RES auctions mechanism.


Trades outputs
September 2017 2018
The day ahead spot-trades
max price, KZT/kW*h 6.100 8.100
min price, KZT/kW*h 6.100 8.000
Forwards trades
max price, KZT/kW*h 8.750 10.000
min price, KZT/kW*h 6.000 7.500
Trades volume (th. kW*h)
The day ahead spot-trades 144 1 920
Forwards trades 6 260 712 2 078 544