Kazakhstan is looking to export electricity to EAEU countries, where it is also a member.
The Eurasian Economic Union (EAEU) is an economic union, which includes Armenia, Kazakhstan, Russia, Belarus, and Kyrgyzstan.
“In the last three years the total volume of exported electricity reached 13.789 billion kWh (4% of the volume produced). Within the framework of the Eurasian Economic Community’s unified electricity market, formation the protocol between EAEU countries is be signed before May. The event is to coincide with the five year anniversary of the Eurasian Economic Community agreement signing,” said Kanat Bozumbayev, the minister of energy.
The minister also stated that the issue of export expansion was in the process of consideration.
“The expansion of electricity export plans include the EAEU countries,” he said.
According to the Ministry of Energy, a step-by-step unified electricity market formation is planned. The regulatory framework is being developed by the EAEU countries.
“We are to create pro-cooperation conditions based on equality, mutual benefits and avoidance of damage to the ecology. In doing so, economical interests of both manufacturers and electricity consumers are to be considered,” said the minister. (Trend/Business World Magazine)