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ARTICLE · 06 APRIL 2021

The Financial Settlement Centre Gets A Boost In State Support

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Over the past decade, Kazakhstan has been developing its legal and regulatory framework in the renewable energy sector.

KazakhstanEnergy and Natural Resources
Saniya Perzadayeva
Saniya Perzadayeva

Over the past decade, Kazakhstan has been developing its legal and regulatory framework in the renewable energy sector. The government of Kazakhstan adopted the concept of the Green economy transition of the Republic of Kazakhstan and established ambitious indicators of renewable energy generation until 2050: 3% by 2020, 10% by 2030, and 50% by 2050.

At the end of 2020, the government has approved two laws that have an important impact on the regulations related to RES support. The amendments are mainly related to energy waste management, the operation of the Financial Settlement Centre (FSC) and the extension of PPAs from 15 to 20 years (applicable only for new contracts). For the purpose of implementation of these amendments, the Ministry of Energy has developed drafts of several secondary legal acts that are still undergoing the approval and revision stages:

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