AUG. 29 2013 (The Conway Bulletin) — After several months of deliberation, the Kazakh government signed into law a new energy saving code that should turn the country into a beacon of green, power-saving efficiency in the former Soviet Union.
For foreign investors and business, the code — dubbed Energy Efficiency 2020 — is something of a quandary. It will create opportunities for some businesses but also additional cost for industry.
Kazakh President Nursultan Nazarbayev decreed that by 2015, the country needed to reduce its power consumption by 10%. Energy Efficiency 2020 aims to cut this by 25%.
Mr Nazarbayev’s motivation for this decision may have been EXPO-2017, a global opportunity to showcase his gleaming capital, Astana. Part of the EXPO-2017 message is clean, efficient energy.
In any case, the ramifications will mainly be felt by large industry. Kazakh media reported that under the new code it will process energy audits of 2,000 industrial sites.
Those businesses that don’t pass the audit will have to buy and implement a series of energy saving technologies and techniques.
Another part of Kazakhstan’s society that will be heavily targeted to improve energy efficiency is insulation in Soviet-era housing. This is often leaky, spilling out much of the heat generated by the centrally-controlled system.
It is unclear who will foot the bill for this ambitious target, but the government said it has already allocated $7.1b for various energy saving projects.
ENDS
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(News report from Issue No. 150, published on Sept. 2 2013)