Briefly
On 19 June 2024 the President signed the Law “On introduction of amendments and additions to certain legislative acts of Kazakhstan on issues of supporting the use of renewable energy sources and electricity” (the “Law”).
In details
The Law provides, among others, for the following changes:
- For the development of small-scale renewable energy, the concept of “small-scale facility for the use of renewable energy sources” was introduced - technical devices with a capacity of no more than 200 kilowatts that produce electrical and/or thermal energy using renewable energy sources (“RES”);
- Owners of small-scale RES, as now, will be able to use electricity and/or thermal energy generated by such facilities for their needs and sell excess electricity to the energy supply organization;
- Excess electricity will be purchased by electricity supply organizations at the marginal price (without differentiation by consumer groups) established by the Committee for regulation of natural monopolies;
- To ensure the guaranteed purchase of electricity generated by smallscale RES and to eliminate barriers to access to power grids, energy supply organizations are required to conclude power purchase agreements, as well as energy transmission organizations are required to ensure unhindered access to their networks;
- The law adjusted the conditions for concluding investment agreements for modernization, reconstruction and/or expansion with the construction of generating plants using gas as an alternative type of fuel.
Are you interested in this topic?
- We would be pleased to discuss with you the above amendments and how they can impact your business.
- We can analyze and implement possible steps to ensure compliance with the new requirements.
If you are interested in additional information, please contact PwC specialists working as part of a group serving your company, or to any of the persons listed.
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