The Jogorku Kenesh adopted amendments to the law "On Renewable Energy Sources" in the second and third readings.

Елена Краснова Exclusive
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- Today, February 4, at the plenary session of the Jogorku Kenesh, deputies approved the draft law concerning amendments to the law "On Renewable Energy Sources" in the second and third readings.

Information was presented by the Deputy Minister of Energy, Altynbek Rysbekov.

He emphasized that this draft law has been developed in accordance with the presidential decree regarding measures to attract investments in the green economy, particularly in projects of the fuel and energy complex.

According to the draft law, the guaranteed tariff with a coefficient of 1.3 for electricity produced using renewable energy sources (RES) is abolished.

Furthermore, currently, electricity tariffs are set by the Cabinet of Ministers in the national currency. The proposed amendments suggest the possibility of setting prices in foreign currency for the implementation of investment projects and public-private partnership projects in the fuel and energy complex, which should positively impact the attraction of foreign investments and improve the investment climate in the country.

The draft law also clarifies the concept of the preferential period for the maximum tariff for RES and introduces a new term "auction" as a method for selecting projects and determining tariffs through the reduction of the maximum level. This will ensure transparency in the selection process and enhance the competitiveness of projects.
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