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    Arzybek Kozhoshev: "EAEU countries are ready to jointly overcome challenges in the energy sector".

    March 20, 2023 - Financial Law Reporter


      Moscow, Russia: Eurasian Economic Commission has issued the following news release:

      The energy challenges facing the states of the Eurasian Economic Union and the readiness to overcome them by joint efforts were noted by the Minister for Energy and Infrastructure of the Eurasian Economic Commission Arzybek Kozhoshev at the International Energy Forum of the countries of the Eurasian Economic Union "RES, innovative developments and digital transformation in special economic conditions" , which was held in Bishkek on March 16-17.

      The forum is organized by the Association of Women in Energy in Kyrgyzstan jointly with the EEC and is dedicated to the expansion of the use of renewable energy sources in the energy balances of the EAEU states, the digital transformation of the energy sector and the development of human resources.

      The EEC Minister focused on the active use of renewable energy sources and the decarbonization process associated with this, the transition to low-carbon development. "One of the results of the transition to low-carbon development will be a decrease in demand for fossil fuels and an increase in the role of renewable and other green energy sources," said Arzybek Kozhoshev.

      The forum was attended by the Director of the EEC Energy Department Vadim Zakrevskiy, who emphasized that, along with renewable energy sources, the list of promising areas of development includes hydrogen and nuclear energy.

      In the countries of the Eurasian "five", all types of renewable energy are actively developing today, both relatively new - the energy of the sun, wind, tides, geothermal sources, waves and others, and traditional - hydropower and the use of biomass.

      On the sidelines of the forum, representatives of the executive committee of the CIS Electric Power Council, the Eurasian Development Bank, authorized state bodies, the scientific and business community of the EAEU countries made presentations.


      In the Republic of Armenia in 2022, 11 solar power plants with a total capacity of up to 65 MW were put into operation, the construction of which was financed by the Eurasian Development Bank (EDB) in the amount of $37 million. The potential of solar power plants in Armenia is estimated at 8 GW.

      In the Republic of Belarus, the total capacity of renewable energy used in 2021 amounted to 500 MW, and by 2025 it is planned to increase it to 630 MW. It was decided to bring the development of RES to 8% of the total electricity generation.

      The Kyrgyz Republic has a large potential in the field of renewable energy, which is estimated at 5 billion kWh*year for water facilities, more than 490 million kWh*year for solar, and 45 million kWh*year for wind facilities.

      In the Republic of Kazakhstan, the volume of electricity generated by RES for 2021 exceeded the planned figures. Now in Kazakhstan there are 136 renewable energy sources with an installed capacity of 2065 MW: 40 wind power plants with a capacity of 684 MW; 51 solar power plants with a capacity of 1093 MW; 40 hydroelectric power plants with a capacity of 280 MW; 5 bioelectric power plants with a capacity of 8 MW. In 2021, 19 facilities with a total capacity of 393 MW were put into operation.

      In the Russian Federation, the total volume of renewable energy inputs in the wholesale and retail markets in 2021 amounted to 1217 MW. Only in the fourth quarter of 2021, 12 new renewable energy generation facilities appeared in Russia: 8 wind power plants and four solar power plants. RES generation capacity increased by 656.4 MW. At the end of 2021, renewable energy generation facilities generated more than 5.2 billion kWh of electricity.

      This is an automated translated version of the story which may have translation errors. Please always refer to the original story: https://eec.eaeunion.org/


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