Attracting Investments in the Development of Small Hydropower
A working meeting was held at the Ministry of Water Resources and Irrigation of the Republic of Kazakhstan with the participation of Vice Minister of Water Resources and Irrigation of the Republic of Kazakhstan Aslan Abdraimov, Deputy Chairman of the Management Board of JSC "NC "KAZAKH INVEST" Madiyar Sultanbek, and representatives of LLP "KegenHydro".
The main topic of discussion was attracting investments for the construction of small hydropower plants (HPPs) at the facilities of RSE "Kazvodkhoz". During the meeting, the parties reviewed key aspects of the proposed investment projects, discussed promising areas of cooperation, and outlined the next steps for their implementation.
The Ministry of Water Resources and Irrigation of the Republic of Kazakhstan has developed investment teasers for promising hydraulic structures. The list of projects has been published on the National Digital Investment Platform (NDIP) and the KAZAKH INVEST website, ensuring broad access to information for potential investors. The Ministry became the first government agency to use the NDIP for independently attracting investors in its supervised sector.
One of the first domestic investors to express interest in the development of hydropower was LLP "KegenHydro", which announced its readiness to implement projects for the construction of small hydropower plants. This project aligns with Kazakhstan's strategic goals for developing renewable energy sources (RES) and increasing the share of "green" energy in the country's energy balance.
Madiyar Sultanbek noted that the development of small hydropower is an important step for Kazakhstan on the path to sustainable development. He also emphasized that the investment proposals developed by the Ministry of Water Resources have facilitated engagement with private investors and initiated the project implementation process. Going forward, KAZAKH INVEST will provide comprehensive support for the project at all stages of its implementation.
As a result of the meeting, the parties agreed to thoroughly develop investment mechanisms, design government support measures for investors, and formulate a roadmap for project implementation.
