She inquired about the specific measures being taken by the Ministry of Energy in light of this situation.
Deputy Minister of Energy Altynbek Rysbekov reported on the ongoing efforts to increase electricity production.
Additionally, he noted that the draft law proposes the cancellation of the guaranteed tariff with a coefficient of 1.3 for electricity generated using renewable energy sources.
Kozhokulova wanted to understand the reasons behind the cancellation of the coefficient that guarantees the purchase of electricity obtained from renewable energy sources (RES).
She expressed concerns that this could create risks for investors.
In response to her questions, the deputy minister clarified that after the cancellation of the coefficient, the tariff would become fixed and be set in both national and foreign currencies.
At the time of the discussion, the draft law "On Amendments to the Law of the Kyrgyz Republic on Renewable Energy Sources" was at its first reading.
Reference
The coefficients for RES (Renewable Energy Sources) include:
an uplift coefficient of 1.3 (for solar and wind generation) in calculations in Kyrgyzstan, as well as coefficients for auction mechanisms (for tariff determination) and tariffs in foreign currency to attract investments aimed at developing RES projects in the context of energy sector reforms in Kyrgyzstan.
Main coefficients and their application:
Coefficient 1.3 for RES: In Kyrgyzstan, an uplift coefficient of 1.3 is used for solar and wind energy, which is applied in the formula for calculating the tariff for electricity from RES.
Auction mechanism: The draft law proposes to implement an auction mechanism, in which the tariff will be determined by lowering the ceiling level, which should enhance the competitiveness of projects.
Currency coefficients: It is also proposed to allow the establishment of tariffs in foreign currency to minimize the currency risks faced by investors in RES projects.
