BAKU, Azerbaijan, November 11.
Solidcore Resources plc plans to build two solar power plants and
one gas piston power plant in Kazakhstan with a combined capacity
of 96 megawatts (MW), according to the company's announcement.
The projects are intended to strengthen the company's
self-generation capacity and ensure a more reliable electricity
supply for its production facilities while reducing its carbon
footprint.
The planned facilities include the 23 MW Syrymbet
solar power plant, which will partially cover the electricity needs
of the Syrymbetproject, and the 25 MW Ertis solar power plant,
which will supply part of the electricity consumed by Ertis POX,
the company's hydrometallurgical plant.
The third project involves a 48 MW gas piston power
plant in the area of the Osakarovka settlement in the Karaganda
region. The facility is planned to be connected to Kazakhstan's
national electricity grid and gas transmission system.
The new projects follow the company's ongoing efforts
to expand in-house power generation. A 23 MW solar power plant was
commissioned at the Varvara hub at the end of 2025. A 40 MW gas
piston power plant is under construction and is scheduled to be
commissioned by the end of 2026. Another solar power plant, with a
capacity of 17 MW, is being developed in Kyzyl.
Once all six projects have been implemented,
Solidcore's total installed capacity of self-generation facilities
will reach 176 MW.
The company said that expanding in-house electricity
generation forms part of its climate strategy, which currently aims
to reduce direct and indirect greenhouse gas emissions from
existing assets by 45% by 2030 and ensure that renewable sources
account for 30% of its electricity consumption.
Solidcore plans to integrate its growth projects into
these climate targets and develop a pipeline of decarbonization
initiatives for them as part of its long-term growth strategy and
its commitment to achieving carbon neutrality in the future.
According to the company, Solidcore and Kazakhstan's
Ministry of Energy have signed a memorandum of understanding to
coordinate cooperation in preparing and implementing these
projects.
Under the memorandum, the ministry will, within its
remit, coordinate interaction with relevant government bodies,
consider the company's proposals and facilitate its engagement with
KEGOC JSC and NC QazaqGaz JSC on technical solutions and obtaining
technical specifications for grid and gas system connections.
The memorandum is framework in nature and does not
provide for project financing, gas supply, electricity or capacity
procurement, tariff setting, or state support measures.
"Reliable energy supply is the foundation for the
sustainable development of our production projects in Kazakhstan.
The development of in-house generation, including solar and
flexible power, aligns with Solidcore's strategy to enhance
operational efficiency and increase production while consistently
reducing the carbon footprint of our facilities. We are grateful to
our partners - the Ministry of Energy of the Republic of
Kazakhstan, KEGOC JSC, NC QazaqGaz JSC, and all involved government
authorities and quasi-government entities - for their open
dialogue, and we look forward to a constructive partnership in
preparing and executing these projects," said Kanat Dosmukametov,
CEO of Solidcore Eurasia and COO of Solidcore Resources.
The company noted that the specific sites, connection
arrangements, technical parameters and implementation schedules
would be determined following pre-project and design work, the
issuance of technical specifications and the receipt of the
necessary approvals.
Solidcore Resources is a gold producer registered in
the Astana International Financial Centre (AIFC) and listed on the
Astana International Exchange (AIX). The company operates two
producing gold mines in Kazakhstan and is developing two growth
projects: Ertis POX, a gold concentrate processing hub, and
Syrymbet, one of the world's largest undeveloped tin deposits.
Solidcore is also pursuing greenfield exploration projects in Oman
and Japan.
