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Juru to provide advisory support to the Ministry of Energy of Kazakhstan for developing local renewable supply chain

#News September 27, 2021

Juru Energy, in association with Economic Consulting Associates (ECA) have been selected by the European Bank for Reconstruction and Development (EBRD) to provide advisory support to the Ministry of Energy of the Republic of Kazakhstan for developing local renewable supply chain opportunities.

According to the EBRD’s recent Regional Economic Prospects, Kazakhstan’s economic growth rate in 2020 was -2.6 percent, linked to Covid-19 restrictions, and reduction of oil and gas exports. To address this, the Government has issued a large response package, equivalent to 9 percent of the GDP. At the same time, Kazakhstan has increased its climate ambition, by announcing a target of 15 per cent renewable energy by 2030, and setting a net zero target by 2060. In this context, the Ministry of Energy has reached out to the EBRD to provide advisory services for developing local components of the renewables supply chain, in line with international trade rules.

Juru’s scope of work covers local project coordination, assessment of local markets and its potentials, assessment of local companies, brief assessment of energy market dynamics in the neighbouring countries, conducting case studies on supply chain development and local experience understanding.

The assignment will help to accelerate green and resilient economic recovery from Covid-19 crisis by providing advice on measures that support job creation in the renewable energy (RE) value chains and accelerate economic growth.