Naperville, IL -- (SBWIRE) -- 06/16/2014 -- Reportstack, provider of premium market research reports announces the addition of Kazakhstan Power Report Q3 2014 market report to its offering
We expect healthy growth in Kazakhstan's power sector over BMI's 10-year forecast period to
2023, in terms of generation and consumption. Coal will retain its dominance, accounting for over 80% of
the country's energy generation by 2023. However, non-hydro renewables will grow rapidly, with a slew of
foreign-financed wind and solar projects in the pipeline. The government also plans to restart the
exploitation of nuclear energy, helped by Kazakhstan's vast uranium wealth. Power production will
comfortably meet demand, with Kazakhstan's dependence on energy imports decreasing over the 10-year
period. For much of the forecast period, system losses will be considerable, but steady investment in
transmission and distribution infrastructure will narrow the supply/demand gap significantly.
Key Trends And Developments
? In April, the government announced new plans to list 10% of the Kazakhstan Electricity Grid Operating
Company's shares in a People's IPO in December 2014. The final number of shares to be floated and the
price will be based on target return.
? In April, the government announced plans to set 15-year fixed rates for renewable energy projects. Solar
projects will be granted a tariff of KZT29 per kWh, while wind and biogas power projects will be granted
a tariff of KZT19 and KZT27 per kWh, respectively.
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