Electricity Sector Development
The main legislation of the Republic of Kazakhstan that governs public relations arising in the process of production, transfer and consumption of electric and thermal energy is the Law of the Republic of Kazakhstan dated July 9, 2004, No. 588-II "On Electric Power Industry".

In recent years, taking into account the position/proposals of the Association member companies, key proposals/comments have been made to the Laws of the Republic of Kazakhstan governing the electric power industry in terms of support and development of renewable energy, energy conservation, natural monopolies, environmental and tax codes, as well as to the related regulatory legal acts.

Based on the analysis of current challenges facing the industry, the KAZENERGY Association has formulated the following requirements for the future energy system:
  • Low-carbon development of the electric power industry
  • Ensuring the reliability of power supply
  • Ensuring the reliability of heat supply
  • Stimulating investments in electric power assets
  • Ensuring innovative development and digitalization of the sector
  • Ensuring financial accessibility of electricity and heat supply
Within the framework of the Energy Balance Plan until 2035, it is expected to install 17.5 GW of new capacities by 2035, including 6.5 GW of wind and solar generation, 2.1 GW of hydroelectric power plants, 5.1 GW of gas generation, 1.4 GW of coal generation, and 2.4 GW of NP. Commissioning of gas power plants will require redirecting the entire volume of available gas for domestic consumption. By 2035, Kazakhstan will reduce coal generation by 40%, which will allow the country to achieve the results that it plans to achieve by 2060.

The Association is actively working to find alternative sources of financing for a fair transition of electric power enterprises to the principles of environmentally friendly and low-carbon development. The Coordination Council for Energy Sector Development discusses challenging issues in the development of the electric power sector, the impact of carbon regulation on the country’s energy sector, the search for effective solutions for a fair energy transition to low-carbon and sustainable energy sources and the best available technologies.

Further activity will also be focused on systematic work on adapting the national regulatory policy to new challenges that affect the electric power sector, ensuring intersectoral discussion of challenging issues between electric and thermal power enterprises, as well as oil and gas enterprises planning large-scale investments in new renewable energy projects in Kazakhstan.

The Association's expert platforms will continue addressing current issues of sustainable development of the electric power industry.

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