Investment companies from 13 countries participated in auctions for renewable energy projects with a total capacity of 5,725 MW, according to the press service of Kazakhstan’s Ministry of Energy.
By 2027, projects for an additional 3,440 MW are expected to be tendered, allowing investors to plan long-term investments more effectively.
As part of the Unified National Investment Project Pool - which includes initiatives worth over 500 billion tenge (approx. $1 billion) - 62 projects totaling 17 trillion tenge have been registered. Of these, 16 projects worth 4 billion tenge have already begun implementation in 2024, including the construction of solar power plants, hydroelectric stations, and an LNG production plant.
To improve the investment climate, Kazakhstan is introducing new mechanisms such as an Enhanced Model Contract in the subsoil use sector, which offers tax incentives and simplifies the transition from exploration to extraction. More than 30 meetings of the Investment Attraction Council have been held, discussing energy projects worth over $10 billion.
CentralasianLIGHT.org
June 13, 2025