As Chinese miners migrate to Kazakhstan, this poses capacity challenges to the Kazakhstan grid, which could be supplemented by the Kremlin’s state-owned utility Inter RAO in the near future.
Chairman of AB Inter RAO Lietuva board Alexandra Panina has voiced her concern regarding Kazakhstan’s energy deficit. Inter RAO is the state-owned electricity utility in the Russian Federation with which Kazakhstan authorities are in talks to supplement Kazakhstan’s electricity deficits. Kazakhstan has a cap on electricity prices, which has led to aging infrastructure and generation capacity. This, however, has attracted miners to the country, increasing the total consumption to 83 million kWh from January 2021 to September 2021, for which the country was ill-prepared, according to Panini. Panini has further opined that Russian electricity exports should have a higher tariff.
The Central Asian country is home to mining farms run by BIT Mining, Canaan, KazDigital, Xive, amongst other companies. Regions in Kazakhstan that play home to mining operations include Karaganda, Pavlodar, Taraz, and Ekibastuz.
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