Renewable Energy Sources will contribute 1 percent of their revenue to local budgets

At the meeting of the committee of the Jogorku Kenesh, which is responsible for industrial policy, transport, the fuel and energy complex, architecture, and construction, the deputies approved amendments to the Law "On Renewable Energy Sources" in two readings.

According to current legislation, renewable energy sources (RES) facilities must allocate 1% of the total energy produced to local authorities. However, the Ministry of Energy proposed to change this rule so that 1% of the revenue generated from the sale of electricity would be directed to local budgets.

Additionally, the draft law establishes an obligation for RES entities using solar and wind energy to install energy storage systems with a minimum capacity of at least 30% of the installed capacity of the facility.

The document also contains information that, within the framework of an investment agreement or a public-private partnership contract, the maximum tariff may be set in foreign currency for the duration of the preferential regime.

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