Development Of Renewable Energy Projects Kazakhstan

STATE SUPPORT FOR RES

According to the legislation of the Republic of Kazakhstan in force as at September 30, 2015, energy producing organizations that use RES to generate electricity can benefit from preferential fixed tariffs and other forms of state support. The support framework is expected to be further improved by the Green Economy law, the draft of which was submitted to the lower house of the parliament of the Republic of Kazakhstan on May 20, 2015.

The state support includes:

• Preferential fixed tariffs for electricity generated by RES facilities, for a period of 15 years, with annual indexation to inflation. The draft Green Economy law introduces provisions for a better methodology for setting and revising fixed tariffs, allowing for greater differentiation, more frequent revisions and better founded methods for setting the level of tariffs.