May 28 (Renewables Now) - Kazakhstan has selected Gel Elektik LLP as the winner in its second auction for 50 MW of wind power capacity in its northern territories, the government announced on Thursday.
The company has been awarded the entire tendered capacity with a bid of KZT 17.79 (USD 0.054/EUR 0.461) per kWh. It will install a wind park of 50 MW in the Kostanay region.
In its official statement, the energy ministry said it has received four applications for projects with capacities of between 20 MW and 50 MW for a total volume of about 127 MW. The starting price at the auction was KZT 22.67/kWh.
The tender is part of a series of renewable energy auctions that the landlocked country is holding in line with a plan to contract 1,000 MW of renewable energy capacity in 2018. The current round of auctions will run through June 7, with another round planned for October 3-October 18. The targeted capacity in the initiative is 290 MW of solar, 620 MW of wind, 75 MW of hydropower and 15 MW of biopower.
An upcoming auction is scheduled for May 28.
(KZT 100 = USD 0.304/EUR 0.259)