Masdar, Kazakhstan sovereign wealth fund
Renewable energy company Masdar and a sovereign wealth fund for Kazakhstan will collaborate on a ''baseload'' project and battery energy storage systems (BESS).
The Energy Tariff Workshop in Astana gathered over 70 online and offline participants to discuss practical application of the proposed package of reforms and the new tariff methodology. This energy subsidy reform initiative represents a pivotal milestone for Kazakhstan in working towards a more secure, sustainable, and reliable energy supply.
At the heart of this endeavor is a comprehensive energy subsidy reform package, driven by a partnership between the Government of Kazakhstan and the World Bank, working closely with the private sector.
Kazakhstan's energy sector has long been dependent on fossil fuels, and the country now faces the challenge of phasing out inefficient subsidies and modernizing its energy infrastructure.
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