Joint-Stock Company Kazakhstan electricity and power market operator

Company news

24 September, 2019
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Results of September 24, 2019 auction for selection of SPP projects with 30 MW total installed capacity

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The auction was recognized to be succeeded.

10 companies were allowed to participate in the auction, during the trading session the participants submitted 60 bids, the unit capacity of projects was from 10.1 to 28 MW. The total volume of applications submitted was 172.6 MW. Ceiling auction price during auctions for selection of SPP projects in 2019 comprised 29 KZT/kWh (without VAT).

During trading session, the applications price received from auction participants ranged from 9.9 to 28.87 KZT/kWh (without VAT).

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

  • Solnechnaya sistema LLP (Russia) project installed capacity 10.5 MW, auction price 9.9 KZT/kWh (without VAT). The project is planned to be located near Aral district of Kyzylorda region. According to the results of the auction, the JSC KOREM contacted the winner, during telephone conversations it was found that the trading operator of the Solnechnaya sistema LLP submitted an erroneous bid to the trading system and for reasons given further implementation of the project at the winner's price is questioned;
  • KazSolar 50 LLP (Germany) project installed capacity 26 MW, auction price 16.97 KZT/kWh (without VAT). The project is planned to be located near Shet district of Karagandy region.


Representatives of the Ministry of energy of the Republic of Kazakhstan, the KazEnergy ALE, the Kazakhstan solar energy association ALE, the UNDP, the USAID, the Financial Settlement Center of RE LLP and the GrossBoundary 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 25.09.2019 on HPP 50 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