Tariffs in Kazakh solar tender reach new low of USD 0.032/kWh

A unit of Italian oil and gas major Eni SpA (BIT:ENI) has won a 50-MW solar project in a tender in Kazakhstan with a record-low bid of KZT 12.49 (USD 0.032/EUR 0.029) per kWh.

The winner, Arm Wind LLP, was announced by JSC Kazakhstan Electricity and Power Market Operator (KOREM) on Wednesday. Its rivals in the competitive selection were seven companies from Kazakhstan, Germany, Italy, China, the Netherlands and Russia.

The tender was capped at KZT 29/kWh and attracted 95 bids for a total volume of 350 MW.

The photovoltaic (PV) park will be installed near the village of Shaulder, Turkestan region, in the southern part of Kazakhstan. The tender for it is part of a series of auctions planned by the Kazakh government targeting 255 MW of new renewables capacity -- 80 MW of solar, 100 MW of wind, 65 MW of hydropower and 10 MW of biopower.

(KZT 100 = USD 0.259/EUR 0.236)

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