From Yahoo Finance: 2025-06-09 09:02:00

Kazakhstan’s electricity consumption is rising steadily due to industrial expansion, urbanization, and electrification. Annual consumption increased from 83.9TWh in 2020 to 90.9TWh in 2024, with projections reaching 111TWh by 2035. Industries like mining and oil refining are the top consumers, accounting for 60% of usage.

In 2024, the industrial sector led power consumption in Kazakhstan with a 56% share, followed by the commercial sector at 19.2%, and residential sector at 19.1%. The transport sector held a 4% share, while other segments contributed 1.8%. Metallurgy, mining, and oil refining are key users.

The country’s GDP grew 3.8% in 2024, driven by industrial and manufacturing sector expansion. Energy-intensive industries make up 60% of electricity consumption, with urbanization and increased household energy use contributing to rising demand. Kazakhstan aims to add 17.5GW of new capacity by 2035 to meet growing needs.

To meet rising electricity demand, Kazakhstan plans to add more than 17.5GW of new capacity by 2035. This includes gas-based thermal, hydropower, coal-based thermal, renewable, and nuclear power plants. The move is expected to attract investments to the sector and support economic growth.

Read more: Kazakhstan to boost power capacity to meet rising electricity demand