Which energy company is building a hybrid power plant in Zhanaozen?
NC KazMunayGas JSC (KMG) and Eni S.p.A. (Eni), Italian energy company, have begun construction of a hybrid power plant with a capacity of 247 MW in Zhanaozen, which will run on solar, wind and gas energy.
Why is KMG launching a hybrid power plant in Kazakhstan?
This milestone follows an Agreement signed between the two companies, marking the inception of Kazakhstan’s first hybrid power plant integrating solar, wind, and gas power to produce and supply low-carbon, stable electricity to KMG subsidiaries in the region.
What is the capacity of KMG's hybrid power plant?
The capacity of the solar power plant will be 50 MW, wind power will be 77 MW, and gas power will be 120 MW. The hybrid power plant will ensure stable and reliable electricity supply to KMG's subsidiary companies in the region, including Ozenmunaygas and Kazakh gas processing plant.
Why should KMG invest in a hybrid power plant?
The hybrid power plant will ensure stable and reliable electricity supply to KMG's oil-producing companies and the gas processing plant in the region. The project leverages Eni's international industrial experience and represents an innovative combination of various technologies.
What is KazMunayGas' ownership tree?
This ownership tree is part of the Global Energy Ownership Tracker, a project of Global Energy Monitor. In January , KazMunayGas and Italian Eni signed an agreement in Rome, Italy, for the construction of a hybrid power plant in the city of Zhanaozen, in the Mangistau region.
Should Kazakhstan introduce a carbon price?
Introducing a carbon price of at least USD 30 per tonne of CO2 is required to trigger investment in renewables and reduce power sector emissions. This exercise marks our first effort to model power system in Kazakhstan. While the current model has several limitations, it serves as a foundation that will be further refined and expanded.
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