Kazakhstan awards 170MW of solar in first auction

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Kazakhstan has awarded 170MW of PV in its first solar auction with winning prices ranging between KZT 18.6-22.9 (US$0.051-0.063)/kWh.

A total of 20 companies submitted 28 applications for projects of capacity between 10-100MW. The ceiling price for the auction was KZT 32/kWh.

The results released by Kazakhstan Electricity and Power Market Operator (JSC KOREM) were as follows:

Bidder price KZT/kWh price US$/kWh Capacity (MW)
JSC Hydroenergy 18.6 0.0508 50
Avelar Solar Technology 18.8 0.0514 20
Avelar Solar Technology 22.5 0.0615 50
Shell Kazakhstan B.V. Branch 22.9 0.0625 50

Avelar Solar Technology, part of Russian firm Hevel Group, secured 15-year power purchase agreements (PPAs) for 70MW of solar in southern Kazakhstan for which commissioning is set for 2019/20.

In a release, Igor Shakhray, CEO of Hevel Group, said: “This tender was a highly competitive one and our victory means that we have entered an international market not only as PV modules supplier, but also as a power company competing with major international players. CAPEX of solar power plants in Russia after the last bidding round is already at a competitive level and we will continue to decline it by investing in R&D, developing new advanced technologies and launching new products.”

JSC KOREM has plans to hold auctions this year for in total: 290MW of solar, 620MW of wind, 75MW of hydro and 15MW of bio power.

In other news, The European Bank for Reconstruction and Development (EBRD) is providing US$35 million in project financing for a new 28MW solar plant in Kyzylorda in southern Kazakhstan. The solar park project will be implemented by Nomad Solar, a special purpose company incorporated in Kazakhstan and owned by French company Total Eren and the UAE-based firm Access Infra Central Asia. The respective loan and project support agreements were signed yesterday in Brussels.

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