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Kazakhstan awards 61.5 MW of hydro capacity

Author: U.S. Army Corps of Engine. License: Creative Commons, Attribution 2.0 Generic.

October 15 (Renewables Now) - Kazakhstan said last week that three projects with a combined power capacity of 61.5 MW have won its hydropower tender.

During the bidding process, five companies submitted bids for 101.08 MW of projects, with individual proposals ranging from 13.88 MW to 26 MW in size.

According to the Ministry of Energy, the lowest bid was for KZT 14.85 (USD 0.04/EUR 0.03) and the highest was of KZT 16.71 per kWh, compared to a starting price of KZT 22.67 per kWh.

The table below presents the list of winners.

Winner Capacity Price per kWh
KazHydro Operating LLP 13.88 MW KZT 14.85
Cascade Karatal HPP LLP 21.6 MW KZT 14.90
Korinskaya HPP-2 LLP 26 MW KZT 15.48

This tender is part of a series of auctions taking place from October 3 to October 18 as the government aims to contract 1 GW of renewable power. The targeted capacity is 290 MW of solar, 620 MW of wind, 75 MW of hydropower and 15 MW of biopower. Last week, 250 MW of wind schemes won a tender.

(KZT 100 = USD 0.27/EUR 0.23)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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