Senior Energy Advisor at the U.S. Agency for International Development (USAID)/Ukraine Sukru Bogut said the launch of the wholesale electricity market in Ukraine on July 1 was successful, seeing no power outages. The official said it was very interesting to observe the opening of the new electricity market in Ukraine. Not in all countries made…
ERG Company is set to fund construction of the gas-turbine station in the country’s south. “The company is expected to invest $500 million in installing the gas-turbine station to provide the south of Kazakhstan with electricity and heat energy in the winter,” Shymkent mayor Gabidulla Abdrakhimov said. The government has approved the 2023 Shymkent complex…
Prime Minister Volodymyr Groysman has said that there are no reasons for raising gas prices for the population this autumn. “Naftogaz is pumping gas at current prices. These are the lowest prices, so they cannot be raised, since gas reserves in storages at the beginning of the heating season will be set at 20 billion…
In Ukraine UAH 8 billion was invested in energy saving measures in the period from the end of 2014 to 2019, Chairman of the State Agency for Energy Efficiency and Energy Saving Serhiy Savchuk said at a press conference. “From the end of 2014 to 2019, the warm loan program has allowed investing UAH 8…
Mutually beneficial cooperation between Uzbekistan and Afghanistan in electricity supply plays an important role in the development of bilateral relations. Uzbekistan and Afghanistan plan to have signed a 10-year contract for the electricity supply on “take-or-pay” terms by the end of October. A take-or-pay contract is a rule structuring negotiations between companies and their suppliers.…
Construction of a 50 MW solar power station has started in Sozak region of Turkestan region with support of Kazakh Invest National Company JSC. The region’s biggest solar plant is expected to generate 114 million kW annually, Kazakh Invest reports. Foreign investor, Risen Energy, participates in the implementation of the project worth $60 million. Construction…
Azerbaijan, which is an important supplier of natural gas in the Caspian Sea region, particularly to European markets, keeps increasing its gas exports. In the period from January to May Azerbaijan exported 4.9 billion cubic meters of gas, up 1.8-fold YoY, according to the Azerbaijani State Customs Committee. In monetary terms, the export volume amounted…