12 MW Hydropower Plant (2 × 6 MW Units) RTB + GOV PPA

The Hydropower Plant Cascade project represents a key development in the renewable energy infrastructure of the Almaty Region.

This initiative is structured as a cascade system, featuring two hydroelectric power plants: HPP-1 and HPP-2. Together, they offer a substantial total installed capacity of 12 MW, with each plant contributing 6 MW of clean energy.

The location in the Almaty Region is ideal, chosen specifically for its strong hydrological potential—an abundant and reliable water resource necessary for consistent hydropower generation. Furthermore, the region is recognized for its well-established renewable energy sector, allowing the project to seamlessly integrate with existing infrastructure and support the area's transition to sustainable power. This project is set to be a reliable, long-term source of green electricity.

Kazakhstan has significant hydropower resources, with an estimated 170 billion kWh of gross potential and 62 billion kWh of feasible potential. This River is located within the country’s South-Eastern hydropower zone, a priority area for small HP expansion to support Kazakhstan’s long-term renewable energy targets.

The project has been designed based on detailed topographic and hydrological assessments, and the environmental safety of the facility.

Each HPP of the cascade is a combination of hydraulic structures and electromechanical equipment that convert the gravitational energy of the water flow into electrical energy for delivery to the regional grid. The expected lifespan of the plant is 25-35 years, with potential for significantly longer service life given standard refurbishment cycles typical in hydropower assets.

Main technical and economic parameters of the designed HPP-1 & HPP2

Name (indicator)	Units of measurement	Value of the indicator (HPP1)	Value of the indicator (HPP2)
Recommended (indicative) installed power	MW	2х3’000	2х3’000
Head (gross)	m	167,271	167,271
Working pressure (net), m	m	157,33—166,79	157,33—166,79
Maximum water flow through the turbine	m3/s	4,7	4,7
Indicative volume of electricity generation	million kWh	28,964	24,448

Indicative unified main technical and economic parameters of the designed HPP Cascade (HPP-1 and HPP-2)

Parameter name	Units of measurement	Value of the indicator
Installed capacity	kW	12 000,00
Electricity production (annual)	million kWh	53,412
Construction cost (excluding IDC)	thousand USD	19 998,93
Construction Cost (including IDC and loan charHPP)	thousand USD	23 139,03
Specific capital investment per 1 kW	USD per 1 kW	1 666,58
Specific capital investment per 1 kWh	USD per 1 kW	0,37
Electricity tariff during the payback period (“fixed tariff”)*	KZT per 1 kW*h	37,05
Net income in the first year of operation during the payback period	thousand USD	3 498,43
Net income in the first year after the payback period	thousand USD	5 995,70
Net Present Value (NPV)	thousand USD	10 977,61
Internal Financial Rate of Return	%	27,3
Payback period (discounted)	years	9
Payback period (downtime)	years	5,72
Profitability Index		1,38

Financial / Technical Parameter	Value / Detail
Location / Project Name	Almaty Region, Kazakhstan (Cascade HPP-1 & HPP-2)
Installed Capacity	12 MW (2 × 6 MW units)
Target Asking Price	$7,500,000 USD
Projected Annual Generation	53.412 GWh (53,412,000 kWh)
PPA Fixed Tariff	37.05 KZT / kWh
Total Construction CAPEX (inc. IDC & Financing)	$23,139,030 USD
Estimated Annual Gross Revenue	~$4,200,000 – $4,500,000 USD
Estimated Annual OPEX	~$700,000 – $1,000,000 USD
Estimated Annual EBITDA	~$3,500,000 – $3,800,000 USD
Implied EBITDA Margin	~83% – 88%
Year 1 Net Income (Payback Period)	$3,498,430 USD
Post-Payback Annual Net Income	$5,995,700 USD
Financial Internal Rate of Return (IRR)	27.3%
Discounted Payback Period	9.0 Years (5.72 years simple)
Net Present Value (NPV)	$10,977,610 USD