According to the Auction Schedule approved by the Ministry of Energy ...Current events | Press center | Аукционы ВИЭ
Joint-Stock Company Kazakhstan electricity and power market operator

Current events

23 November, 2021
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Auction results for 2021

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According to the Auction Schedule approved by the Ministry of Energy of RK in 2021, a total of 200 MW of installed capacity was placed for RES auctions, broken down by the following types of power plants: WPP - 50 MW; SPP - 20 MW, HPP - 120 MW; BioPP - 10 MW.

The following maximum starting auction prices were set for auctions in 2021:

  • WPP – 21.53 tg/kWh;
  • SPP – 16.96 tg/kWh;
  • HPP – 15.2 tg/kWh;
  • BioPP - 32.15 tg/kWh.

 In total, 5 auctions were planned and held: 2 for small projects, 3 for large projects. Auctions were held in the normal mode, while 1 auction was declared invalid due to insufficient number of participants (large HPPs).

24 Kazakh companies took part in the auctions. The total volume of requests received from auction participants amounted to 626.95 MW, i.e. the volume of demand exceeded the volume of supply by 3 times. In particular, for SPP projects and small HPPs, the volume of demand exceeded the volume of supply by about 3 times, but the greatest interest from investors was in WPP, for which the volume of demand exceeded the volume of supply by 10 times (Table 1).

 Table 1. Auction results for the selection of RES projects in 2021

RES technology

Auction volume (MW)

Participants' offer (MW)

Selected during auctions (MW)

Number of selected projects

Starting auction price (tg/kWh)

Minimum auction price (tg/kWh)

WPP

50

550

50

1

21,53

14,08

SPP

20

60

20

1

16,96

12,87

HPP

120

11.8

11.8

4

15,2

15,00

BioPP

10

5.15

5.15

2

32,15

32,14

Total:

200

626.95

86.95

8

-

-

In general, 8 RES projects with a total installed capacity of 86.95 MW were selected at auctions in 2021, of which WPP – 50 MW, SPPs - 20 MW, small HPPs - 11.8 MW, BioPPs - 5.15 MW. 43.48% of the offered auction capacity was selected by the winners of the auction.

Auctions for the selection of RES projects 2021

On November 8, 2021, an auction was held for small HPP projects with an installed capacity of 20 MW in the Northern and Southern zones. 4 companies were allowed to participate in the auction, 6 price proposals were submitted by the participants during the trading session, the unit capacity of the projects ranged from 1.4 to 4.9 MW. The total volume of applications submitted was 11.8 MW. The maximum auction price during the auction for the selection of HPP projects in 2021 was 15.2 tg/kWh (without VAT).

In the course of the trading session, the price range of requests received from auction participants ranged from 15.19 to 15 tenge/kWh (without VAT).

On November 9, 2021, an auction was held for small BioPP projects with an installed capacity of 10 MW in all zones of the UPS of RK. 2 companies were allowed to participate in the auction, 2 price proposals were submitted by the participants during the trading session, the unit capacity of the projects ranged from 0.2 to 4.95 MW. The total volume of applications submitted was 5.15 MW. The maximum auction price during the auction for the selection of BioPP projects in 2021 was 32.15 tg/kWh (without VAT).

In the course of the trading session, the price range of requests received from auction participants ranged from 32.15 to 32.14 tenge/kWh (without VAT).

On November 10, 2021, an auction was held for large WPP projects with an installed capacity of 50 MW in the Northern Zone. 13 companies were allowed to participate in the auction, 86 price proposals were submitted by the participants during the trading session, the unit capacity of the projects was 50 MW. The total volume of applications submitted was 550 MW. The maximum auction price during the auction for the selection of WPP projects in 2021 was 21.53 tg/kWh (without VAT).

In the course of the trading session, the price range of requests received from auction participants ranged from 21.53 to 14.08 tenge/kWh (without VAT).

On November 11, 2021, the auction for the selection of HPP projects with a total installed capacity of 100 MW was declared invalid according to the condition specified in subparagraph 2) of paragraph 51 of the "Rules for organizing and conducting auction bids, including qualification requirements for auction participants, the content and procedure for submitting an application, types of financial support for an application to participate in the auction and the conditions for their entry and return, the procedure for summing up and determining winners", approved by Order № 466 of the Minister of Energy of the Republic of Kazakhstan dated December 21, 2017, the number of participants, there are less than two registered and admitted to the relevant auction bids in the trading system.

According to the results of the auction, the winner has not been determined.

On November 12, 2021, an auction was held for large SPP projects with an installed capacity of 20 MW in the Northern Zone. 5 companies were allowed to participate in the auction, 14 price proposals were submitted by the participants during the trading session, the unit capacity of the projects was 20 MW. The total volume of applications submitted was 60 MW. The maximum auction price during the auction for the selection of SPP projects in 2021 was 16.96 tg/kWh (without VAT).

In the course of the trading session, the price range of requests received from auction participants ranged from 16.96 to 12.87 tenge/kWh (without VAT). The list of winners of auctions in 2021 is presented in Table 2.

Table 2. Results of auctions for the selection of RES projects in 2021

Trading date

Winner's name

Project capacity, MW

Auction price, tg/kW (without VAT)

Project type

Project size

1

08.11.2021

Aksuhydro LLP

4.9

15

HPP

Small

2

Altyn-Hydro LLP

2

15.01

3

SPK Yntymak

3.5

15.05

4

Europe Solar LLP

1.4

15.19

5

09.11.2021

Burabai biogas & Fertilizers Factory

4.95

32.15

BioPP

Small

6

SAMP KAZAKHSTAN LLP

0.2

32.14

7

10.11.2021

Hyperborea LLP

50

14.08

WPP

Large

8

11.11.2021

NextEcoEnergy LLP

20

12.87

SPP

Large

 

Total

86.95

 

 

 

According to the results of auctions of the current year, the maximum reduction in the auction price for WPP projects was 34.6%, SPP - 24.11%, small HPPs - 1.31%, BioPPs - 0.03%. This is a good result, confirming that auctions provide a reduction in prices and allow determining market prices for electric energy from RES facilities.

Representatives of the Ministry of Energy of the Republic of Kazakhstan, FSC of RE LLP, Atameken NCE, Qazaq Green Association, Kazakhstan Renewable Energy Association, KAZENERGY, USAID, EBRD, Committee on regulation of natural monopolies of the MNE of RK took part in the auction as observers. The observers noted that the auction was conducted in accordance with the approved regulatory Legal acts and confirmed the transparency of the electronic trading system of the auction organizer – JSC KOREM.



Auction key dates