Kazatomprom in new attempt to sell solar PV ops again

Kazakh uranium producer NAC Kazatomprom JSC has launched an auction to sell its non-core subsidiaries engaged in the production of solar photovoltaic (PV) cells and modules.

Specifically, Kazatompro has put up for sale its 100% stakes in PV cell maker Kazakhstan Solar Silicon LLP, PV modules manufacturer Astana Solar LLP and metallurgical silicon producer KazSilicon MK LLP. Together, the three firms are referred to as the KazPV project.

The starting prices set for each of the three companies are KZT 5.59 billion (USD 13.3m/EUR 10.8m), KZT 3.38 billion and KZT 707 million, respectively. Applications will be accepted by February 12, 2021.

In May 2019, the uranium producer agreed to sell a majority interest in the trio to a consortium of strategic investors, including Russia-based Yadran Solar Company, ECM Greentech of France and a partnership between Kasen and Canadian Solar (NASDAQ:CSIQ). However, that deal was terminated a year later due to noncompliance with some of the conditions.

The group that targeted the trio planned to restart the production of solar cells and modules in Kazakhstan, making use of the quartz of the Sarykol deposit from the Almaty region.

(KZT 100 = USD 0.237/EUR 0.193)

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