Today, Nurlan Zhakupov, Chairman of the Board of “Samruk-Kazyna” JSC, visited CHP-2 of “AlES” JSC as part of a working visit. During the station visit, the Head of the Fund was accompanied by Kairat Maxutov, Chairman of the Board of “Samruk-Energy” JSC. Yerik Mashirov, the head of “AlES” JSC, briefed the Head of the Fund on navigating through the autumn-winter period and presented a comprehensive report on the company's operations for 2023, along with plans for the current year.

During the visit, Erik Kanyshbekovich updated the Head of the Fund on the progress of the Almaty CHP-2 modernization project, aimed at reducing emissions of harmful substances while ensuring the reliability and efficiency of energy supply. The reduction in emissions is achieved through the conversion of CHP-2 to firing natural gas.

Currently, preparatory work for the project, including geological surveys and well drilling, is underway. The construction is scheduled for completion by December 2026.

It's worth noting that on May 31, 2023, an EPC (Engineering, Procurement, and Construction) contract was signed for the CHP-2 project between “AlES” JSC and a consortium comprising Dongfang Electric International Corporation, PowerChina Sepco1 Electric Power Construction Co., Ltd, and PowerChina Hebei Electric Power Engineering Co. The consortium comprises a collaboration of companies, with the first being a significant producer of industrial equipment, the second possessing expertise in projects under EPC conditions, and the third specializing in engineering.

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On January 31, 2024, Kairat Maxutov, Chairman of the Board conducted a comprehensive review with the staff of “Samruk-Energy” JSC.

The meeting featured a presentation by the Chairman highlighting the company's achievements throughout 2023 and outlining the strategic plans for the year 2024. Key accomplishments in 2023 encompassed:

- Meeting 100% of targets in electricity production, transmission, and sales, along with heat energy sales.

- Implementing tariff increases for electricity production, transmission, and sales, as well as tariffs for maintaining electricity capacity availability and heat energy production.

- Significantly improving the company's financial performance.

Recognition was given to the dedicated efforts of the workforce, contributing to advancements in ESG practices, occupational health and safety, efficient liquidity management, streamlined business processes, and the successful incorporation of legislative initiatives.

The announced objectives for 2024 focused on enhancing both operational and financial metrics, updating the company's development strategy, automating processes in occupational health and safety, and refining existing legislation. Additionally, the plan includes the implementation of strategic investment projects and the elevation of the company's ESG rating. The goals also extend to improving social policies, with a particular emphasis on fostering diversity and ensuring gender equality within the company group.

Expressing gratitude for the team's invaluable contributions, Chairman Kairat Maxutov underscored the pivotal role of Samruk-Energy JSC in propelling the nation's energy sector forward. He emphasized the company's ambitious targets, including the introduction of 12.2 GW of electric power capacity by 2032, with 6.3 GW dedicated to green energy. The Chairman called on each employee to actively participate, demonstrate initiative, showcase leadership qualities, and play a pivotal role in achieving collective objectives.

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On January 27, 2024, Maxutov Kairat Berikovich, the Chairman of the Board at "Samruk-Energy" JSC, conducted a business trip to Shulbinsk HPP. During the visit, he received updates on the current operations of the facility and observed the ongoing refurbishment of hydraulic unit No. 5. Briefings included information on the forthcoming construction of the second phase of Shulbinsk HPP, a project set to enhance the plant's capacity to 1350 MW.

Following the visit, Chairman Maxutov Kairat Berikovich instructed the timely completion of the overhaul for hydraulic unit No. 5. Additionally, he mandated the development of a comprehensive roadmap for the implementation of the second phase construction project at Shulbinsk HPP.

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On January 30, 2024, Maxutov Kairat Berikovich, Chairman of the Board of “Samruk-Energy” JSC, arrived in Akmola region for a business trip. During the visit, the head of the power company met with the Akim (governor) of the region, Marat Muratovich Akhmetzhanov, to discuss the implementation of the "Construction of Kokshetau CHP" project.

During the meeting, the parties reviewed the outcomes of the project's feasibility study and underscored the need to modify the city’s heat supply scheme, considering the future development and construction of a new energy facility. The primary focus of the discussion was addressing the shortage in electricity and heat within the region.

Kairat Maxutov highlighted that, as per the Memorandum signed between the Ministries of Energy of the Republic of Kazakhstan and the Russian Federation, Samruk-Energy JSC is entrusted with project implementation on the Kazakh side, with Inter RAO-Export LLC authorized on the Russian side. “Samruk-Energy” JSC will serve as the customer, retaining full ownership of the station, while Inter RAO-Export will act as the general contractor and assist in organizing preferential financing for the construction.

Additionally, discussions covered the selection of the future thermal power plant's location and the necessary supply infrastructure.

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On January 26, 2024, Kairat Maxutov, the Chairman of the Board of "Samruk-Energy" JSC, visited the company's enterprises located in the East Kazakhstan region for official business engagements. The head of the energy-producing holding company visited the Ust-Kamenogorsk HPP, where he gained insights into the ongoing operations of the facility.

 During the visit, plans were discussed for the overhaul of hydroelectric unit No. 2 and upgrade the fourth hydroelectric unit to increase the power output of the HPP to 380 MW. These steps are geared towards improving the efficiency of our energy operations and ensuring a steady energy supply to the region.

Based on the results of the meeting with the management and specialists of the Ust-Kamenogorsk HPP, the Chairman of the Board laid out specific instructions for the further development of the enterprise.

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