Joint-Stock Company Kazakhstan electricity and power market operator

Company news

23 September, 2019
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Results of September 23, 2019 auction for selection of WPP projects with 80 MW total installed capacity

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The auction was recognized to be succeeded.

5 companies were allowed to participate in the auction, during the trading session the participants submitted 45 bids, the unit capacity of projects was 20 from 50 MW. The total volume of applications submitted was 247 MW. Ceiling auction price during auctions for selection of WPP projects in 2019 comprised 22.66 KZT/kWh (without VAT).

During trading session, the applications price received from auction participants ranged from 19.27 to 22.66 KZT/kWh.

Following the results of auctions, the winners were determined as follows:

  • Arm Wind LLP (Italy) project installed capacity 48 MW, auction price 19.27 KZT/kWh (without VAT); The project is planned to be located near Badamsha city of Aktobe region;
  • Sophiyephskaya Wind Power Plant LLP (Kazakhstan) project installed capacity 39 MW, auction price 19.33 KZT/kWh (without VAT); The project is planned to be located near the Nikolo-Burlukskoye village of Aiyrtau district of North-Kazakhstan region;

Representatives of the Ministry of energy of the Republic of Kazakhstan, the KazEnergy ALE, the European Bank for Reconstruction and Development, the Financial Settlement Center of RE LLP and USAID took part in the auction as observers. The observers noted the auction to be held in accordance with approved regulatory legal acts and confirmed the transparency of electronic trading system of the auction organizer – JSC KOREM.

The next auction is scheduled for 24.09.2019 on SPP 30 MW.

For reference:

According to the auction schedule, approved by the order No.97 of the Ministry of Energy of the Republic of Kazakhstan as of 19.03.2019, in 2019 it is planned to hold auctions in amount of 255 MW of installed capacity, broken down by types of power plants:

Solar Power Plants – 80 MW;

Wind Power Plants – 100 MW;

Hydroelectric Power Plants - 65 MW;

BioPP – 10 MW

The JSC KOREM is determined to be the auctions organizer.

Trades calendar

Trades outputs
April 2019 2020
The day ahead spot-trades
max price, KZT/kW*h 10.106 6.700
min price, KZT/kW*h 4.800 5.000
Forwards trades
max price, KZT/kW*h 5.760 2.430
min price, KZT/kW*h 1.100 1.100
Trades volume (th. kW*h)
The day ahead spot-trades 38 094 34 571
Forwards trades 924 720 331 440