Kyrgyzstan to Trade on the Kazakhstan Power Market
USAID’s Central Asia Regional Energy Market Assistance Program (REMAP) helped launch a more transparent international electric power sales arrangement that will benefit both countries. Kyrgyzstan is striving to sell the summer surplus of its hydroelectric energy, while Southern Kazakhstan does not have enough power during the summer.
With REMAP’s assistance, Kyrgyz JSC “Electric Power Stations” has become a member of the Kazakhstan’s power exchange KOREM and is expected to trade its first kilowatt-hours of electric energy in a more transparent manner. Kyrgyzstan’s summer surplus energy comprises up to 10 percent of the country’s production. The arrangement has a potential to provide up to 20 percent of the electrical power for the Southern Kazakhstan region and increase profits for the Kyrgyz company. The received revenues will enable renovations of the Kyrgyzstan’s power system, thus increasing their capacity and reducing electricity loss.
This USAID project was also instrumental in brokering a memorandum of understanding between the Tajik electric power company and KOREM, which is expected to confer similar benefits to these parties as those engaged in the Kyrgyz deal.
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USAID facilitated a training of Kyrgyz professionals who are now certified to trade on KOREM, Kazakhastan’s power exchange
Photo Credit: REMAP |
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