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We assisted the international corporation in reviewing, amending, and developing the existing national legislation and regulations of the RES, including taxation and auctions. The amendments will help to develop and regulate the Kazakhstan carbon neutrality
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Legislation Amendment: Renewable Energy Sector
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The Team analysed the Law “On Support of Renewable Energy”, the Kazakhstan Tax Code, Rules “For the approval of carbon offset and the provision of offset units”, Rules “For the formation of a plan for the location of renewable energy facilities”, the Minister of Energy Order dated December 21, 2017, № 466 "On Approval of the Rules of Organisation and Conduct of Auction Bidding”. We reviewed bidders qualification requirements, content and procedure of application, types of financial security, payment conditions and refund policy, procedure of summing up the results, and winners determination.
The Experts worked on the amendments to the Law “On Support of Renewable Energy” in Kazakhstan including the amendments to the existing Codes, laws, and various acts regulating the sector, as well as normative acts, establishing a regulatory framework and incentive scheme for renewable sources utilisation and improving energy efficiency standards in Kazakhstan.
Experience requirements for RE auctions participants guarantee that only those companies which can build facilities and supply the declared volumes of electricity within the time specified will be allowed to participate.
In terms of amendments to the tax free transfer of the carbon offset credits, the amendments are introduced for the purpose of stimulating the sale and purchase of carbon units in the secondary market through a direct transaction or through a commodity exchange. The amendments were also made to include geothermal energy projects in the list of small-scale carbon offset projects. This will enable developers to acquire the right to receive offset units in a simplified procedure (i.e. without submitting a project concept for a project approval decision).
Impact & Outcome
These and other developments will have a positive impact on the RES broader and faster deployment in the country, contributing to the global cause - greenhouse effect minimisation.
Cases
Currently, the Kazakhstan Energy Ministry, a number of other government agencies, the Unicase Law Firm, and Samruk-Energy JSC are implementing a whole range of measures aimed at improving the conditions for investment projects in hydroelectric power plants construction.
We helped the European largest wind power plant manufacturer, a Danish company Vestas, on entering the Kazakhstan market and starting a large-scale investment programme.
Unicase proved its effectiveness in reviewing, amending, and developing national legislation and regulations for heat supply, including taxation and heat tariffs.
Sustainable energy supply affects the local energy market and regulation, wind and solar power generation, power transmission and distribution grids, energy storage and sustainable energy use.
We completed a comprehensive review of existing national legislation and regulations which govern geothermal energy utilisation in Kazakhstan.
Being current on market developments, we advised a Chinese Investment Fund and a Leading Chinese Law Firm on a wide range of subsoil use operations regulatory matters, state approvals, land, and environmental legal issues, to support the Fund in its investments into a large hydrocarbon mine in Kazakhstan.
We rendered full legal support to Zhetysu Wolfram LLP, carrying out mining operations on the Boguty deposit and producing the highest quality tungsten concentrate.
We ran a due diligence on the Client company and issued a legal opinion on the financing to be provided by the Kazakhstan Development Bank for a 50 MW wind power plant.
Our Experts supported the second largest renewable energy corporation in the world during acquisition and project development of a 206 MW wind farm project.
The Unicase Team made a comprehensive analysis of electricity tariff formation and balancing electricity services for regulating the capacity of large and small hydroelectric power plants in Kazakhstan.
We advised a global leader in electricity supply machinery and hardware on the first-ever auction in Kazakhstan for the construction of regulated energy generation facilities.
The Team provided legal services to the country's largest gas pipeline owner, which is the only route for gas exports from Kazakhstan to China.
We provided the Client with legal advisory services within a pilot project on building and operating a 100-megawatt solar power plant, based on a private bilateral sleeved PPA mechanism.
We assisted the international corporation in reviewing, amending, and developing the existing national legislation and regulations of the RES, including taxation and auctions.
Unicase provided consultancy services to a Chinese the oil and gas company as part of a consortium of transborder companies for the construction of a comprehensive gas production project with an estimated value of 500 million USD.
Unicase team provides comprehensive legal support for the investment project of Almaty Power Plants JSC, a subsidiary of Samruk-Energy JSC which holds 100% of the company's stocks, on modernise Almaty TPP-2 with a focus on minimising the environmental impact.
UzbekHydroEnergo JSC
Unicase provides legal services in the framework of an energy capacity building project for competitive procurement in the hydropower industry in the Republic of Uzbekistan.