Kazakhstan to spend 750 billion dollars for construction of RES - News | BNews

Kazakhstan to spend 750 billion dollars for construction of RES

22 September, 16:42 303
Kazakhstan to spend 750 billion dollars for construction of RES

Kazakhstan has attracted about 750 billion dollars on construction of projects on renewables, the vice-Minister of Energy of Kazakhstan Magzum Mirzagaliyev told during the press conference on the Government platform, BNews.kz correspondent reported.

"During the forum of foreign investors we have signed the memorandum between the EBRD and the Ministry of Energy on allocation of 250 billion dollars on the RES projects in Kazakhstan with attraction of 480 billion more dollars from other financial organizations," he said.

Investments will allow Kazakhstan to enter about 500 megawatts of capacities in the nearest future.

"The agreement on construction of solar power station in the Jambyl region is signed. You know that we have put into operation 50 megawatts a few years ago. Respectively, 50 more megawatts will be constructed," he continued.

In addition construction of solar power station in the 50 megawatts Kyzylorda region, also construction of wind power station in the 100 megawatts Akmola region is expected.

We will remind that during the press conference on the platform of the Government of the Ministry of Energy have explained the reason of shortage of gasoline in regions of Kazakhstan.

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