Opening a new page in the history of renewable energy in Kazakhstan, TGS-Design LLP, a subsidiary of TechnoGroupService LLP, announces its victory in the tender organized by Shubarkol Komir JSC, part of the Eurasian Group LLP group of companies. A tender was announced for the development of design estimates (DED) for the construction of a solar power plant with a capacity of 4.8 MW in the Karaganda region. The project is an important step towards sustainable development of the region and the first in the field of renewable energy sources in 2024.

TechnoGroupService LLP emphasizes its commitment to ESG (Environmental, Social, and Governance) principles. The implementation of the solar power plant project will not only reduce carbon emissions, but will also help create new jobs, thereby contributing to the socio-economic development of the Karaganda region.

The project is a combination of innovative technologies and clean energy that will provide efficient electricity production for the coal industry. “We are proud to have the opportunity to work on this promising project in partnership with Shubarkol Komir JSC. Our goal is not only to develop design documentation for a solar power plant, but also to translate the project into reality,” said Zh. Mominbaev, Chairman of the Supervisory Board of TechnoGroupService LLP.

We are proud to announce the completion of the preparation and approval of the "Green" Bond Issue Prospectus by the General Assembly of the participants of TechnoGroupService LLP (Protocol No. 23 of December 26, 2023). This document was developed in collaboration with the investment company SkyBridge Invest JSC. Previously, the partnership approved the Policy in the field of "green" bonds (Green Bond Framework) and received the Second Party Opinion with the support of the International Finance Corporation (IFC). The issue of "green" bonds is planned on the Kazakhstan Stock Exchange (KASE) at the beginning of next year, amounting to 25 million US dollars. The bond yield rate is fixed at 8% per annum in currency, and the bond yield payments will be made twice a year after every six months from the date of the bonds' commencement of circulation throughout the entire three-year term of circulation. The funds raised from the bond placement will be directed to finance the project "Construction of the 50 MW Koun Bulagy Solar Power Plant" in the Kyrgyz Republic. TechnoGroupService LLP, being a domestic company implementing projects in the field of renewable energy sources, prioritizes national goals for achieving carbon neutrality in the countries of Central Asia in its activities. The partnership fully supports the initiative of the President of the Republic of Kazakhstan, K.K. Tokayev, on actively developing the "green" financing market. Currently, for the 50 MW Koun Bulagy Solar Power Plant project, an 80-hectare land plot has been obtained, a 25-year PPA contract has been signed, the project's design documentation has been developed and submitted for state expertise, and work is underway to protect investor rights and obtain preferences. The partnership plans to start construction of the station next spring and to ensure its phased commissioning at the beginning of the fourth quarter of 2024. The total generation of clean electricity will be at least 85 million kWh per year. TechnoGroupService LLP invites interested investors for mutually beneficial cooperation.

The management of the TechnoGroupService Group of Companies LLP congratulated their employees on Power Engineers' Day and held an award ceremony for their contribution to the development of renewable energy sources in the Republic of Kazakhstan. The Renewable Energy Association "Qazaq Green" awarded A.A. Baibatshaev with a medal "For Contribution to the Renewable Energy Sector," and the Kazakhstan Electric Power Association honored the Head of the Electrical Engineering Department, D.V. Tsaryov, with a "Certificate of Honor" for a significant contribution to the development of the electric power industry.

Award Ceremony for Employees of the 50 MW Balhash Solar Power Plant

Award Ceremony for Employees of the 10 MW Kengir Solar Power Plant

In the city of Zhezkazgan, a festive event was held in the House of Friendship, dedicated to the celebration of Power Engineers' Day. Prizes and gifts were personally presented by representatives of the Ulytau regional administration. The event was also accompanied by a musical concert. The Head of the 10 MW Kengir Solar Power Plant (SPP), V.Yu. Konoplev, was awarded the title "Еңбегі сіңген энергетик" (Honored Power Engineer), and the electrician for maintenance and repair of electromechanical equipment at the 10 MW Kengir SPP, D.V. Lyamkin, was awarded a "Certificate of Honor" for his significant contribution to the development of the electric power industry. It was also noted that in November, the team of the Kengir SPP had already fulfilled the plan for electricity generation for the year 2023

On December 7, the "Qazaq Green" Public Association organized an event "Achievements and Challenges of the Development of the Housing and Utilities Sector in the Republic of Kazakhstan," dedicated to the 5th anniversary of the association. The event was attended by members of the Parliament of the Republic of Kazakhstan, representatives of the Ministry of Energy, the Ministry of Ecology and Natural Resources of the Republic of Kazakhstan, diplomatic corps, and members of the housing and utilities sector.

 A rapidly developing energy sector is considered one of the youngest and most dynamic sectors in our country. Today, thousands of professionals work in the sector, including energy specialists, engineers, builders, economists, government officials, investors, scientists, and researchers.

 According to the UNCTAD World Investment Report 2023, from 2015 to 2022, direct foreign investments in the renewable energy sector in the Republic of Kazakhstan accounted for 31% of the total volume of direct foreign investments. Our country has entered the top 10 countries with the highest growth of direct foreign investments in the renewable energy sector, along with Brazil, Chile, India, Egypt, and other nations.

 "In 2018, our country made a historic decision - the process of implementing projects in the renewable energy sector was transitioned from the feed-in tariff system to the auction sales. Following this step, 230 companies from 13 countries participated in auctions for the right to implement renewable energy projects, attracting both foreign and domestic investments. As a result, by the end of September 2023, according to the accounting of the association, the share of electricity generated by renewable energy sources in the total electricity generation in our country increased to 6%. Today, our auctions are recognized both domestically and internationally as fair and transparent platforms, where the cost of the project and the declared capacity play a crucial role. For example, we achieved a record low tariff of 10.38 KZT/kWh for the construction of a 10,001 MW power plant in Abylai region. This is a significant achievement!" - said Nurlan Kapenov, the Chairman of the Board of the "Qazaq Green" Public Association.

 As of now, there 141 housing and utilities objects with a total capacity of 2,715.8 MW (including objects with a capacity of 100 kW and above, and commissioned objects) operating in the country

55 wind power station objects with a total capacity of 1,246.6 MW;

44 solar power station objects with a total capacity of 1,197.83 MW;

39 hydropower station objects with a total capacity of 269.605 MW;

3 biogas power station objects with a total capacity of 1.77 MW.

According to the results of the first 9 months of 2023, the generated electricity from renewable energy objects amounted to 4.91 billion kWh (2,575 million kWh for wind power stations, 1,571.9 million kWh for solar power stations, 760.9 million kWh for hydropower stations, and 2.25 million kWh for biogas power stations), which is 5.97% of the total generated electricity.

Recognizing the contribution to the development of the renewable energy sector, the Board of Directors of the "Qazaq Green" Public Association awarded a letter of commendation to Zh.B. Mominbayev, the Director of the TechnoGroupService LLP, for his significant contribution to the development of the housing and utilities sector.