To support domestic manufacturers and develop in-country value, Askar Baltabayev, Managing Director for Procurement and Risk at Samruk-Energy JSC, and representatives of the Company’s subsidiaries visited Karaganda Turbomechanical Plant LLP.
During the visit, representatives of Samruk-Energy JSC gained firsthand insight into the enterprise’s production capacities, products and technological capabilities.
Karaganda Turbomechanical Plant LLP has more than 30 years of experience in the design, modernization, repair and installation of turbine units, manufacture of individual components, modernization of high-pressure cylinders and rotors, reconstruction of auxiliary equipment and turbine automatic control systems.
During the meeting, the parties discussed prospects for further cooperation and opportunities to use domestically manufactured products at the facilities ofSamruk-Energy JSC Group.
Galymbek Autalipov, Managing Director for Production at Samruk-Energy JSC, visited Ekibastuz region, including SDPP-1 and SDPP-2, to review the progress of the repair campaign, the current status of key investment projects, and the condition of production facilities and construction sites.
During the visit, the plant managers presented progress reports, followed by discussions on measures to improve the reliability of the power facilities and ensure timely readiness for the upcoming heating season.
Following the visit, Galymbek Autalipov issued instructions aimed at ensuring that the repair campaign remains on schedule, that the plants are provided with the necessary materials and repair personnel in a timely manner, and that oversight of the quality and timely completion of works by contractors is strengthened.
Particular attention was given to improving the reliability and efficiency of equipment, as well as completing key investment projects in accordance with the approved schedules.
Samruk-Energy JSC held a roundtable on the development of domestic production and support for Kazakhstani manufacturers.
Askar Baltabayev, Managing Director for Procurement and Risks at Samruk-Energy JSC, highlighted the company’s positive performance. In 2025, the share of local content amounted to 82% for goods and 92% for works and services.
According to the 2026 Procurement Plans, contracts worth KZT 964.7 billion are expected to be concluded, including KZT 575.7 billion for goods with local content. The volume of local content is expected to increase by KZT 171.5 billion compared to 2025.
The company also exceeded its targets for offtake agreements. In 2025, 38 contracts worth KZT 26 billion were concluded, representing a 135% increase compared to 2024. In 2026, 14 contracts worth KZT 2 billion have already been concluded.
As part of the event, two offtake agreements were signed: one between Almaty Power Plants JSC and Ecotek Engineering LLP for the supply of membranes for a reverse osmosis system, and another between Ust-Kamenogorsk HPP LLP and Asia Snab Group LLP for the supply of self-regulating heating cable.
In addition, B2B meetings were held with domestic manufacturers to discuss the participation of Kazakhstani companies in procurement processes.
Samruk-Energy JSC continues to provide consistent support to domestic manufacturers, promote local content, and expand cooperation with local businesses.
Samruk-Energy JSC is implementing a project to digitalize electricity generation planning processes at its renewable energy facilities. The artificial intelligence and machine learning-based solution is scheduled to be launched by the end of 2026.
Accurate forecasting is particularly important for wind power facilities, as electricity generation volumes depend directly on weather conditions, including wind speed, which is highly variable and difficult to forecast.
The solution is based on an artificial intelligence model integrated with the meteorological service. The system will process meteorological data at the high spatial and temporal resolution required to forecast electricity generation at wind power plants.
Historical and real-time data from the automated commercial electricity metering system (ACEMS) and SCADA systems will be used to train and adapt the AI model, including actual generation data and equipment operating parameters. This will enable the model to account for actual operating conditions and improve generation forecast accuracy to up to 80%, thereby supporting more effective operational planning and reducing financial losses associated with deviations between actual generation and scheduled generation volumes.
As part of its election campaign, the Adilet Party met with employees of Samruk-Energy. Employees from the Company’s subsidiaries also joined the meeting online.
The meeting was opened by Zhanar Zhakupova, Chair of the Nura district branch of the Adilet party in Astana.
The candidates for seats in the Kurultai of the Republic of Kazakhstan Gulnaz Atamkulova, Tatiana Savelyeva, Tilektes Adambekov and Guliskhan Nakhbaeva presented their election platform and spoke about its key priorities, including economic development, support for workers, stronger social protection and a better quality of life for citizens.
Employees then had an opportunity to ask questions about the party’s platform and share their views. The party representatives responded to their questions and provided further clarification on the issues raised.
Samruk-Energy team successfully completed its participation in the 11th Samruk-Kazyna Spartakiad (corporate sports games), securing third place in the overall team standings. Held to mark the 20th anniversary of the Fund, the Spartakiad brought together 14 teams from across Samruk-Kazyna Group.
Around 100 employees from Samruk-Energy’s Head office and subsidiaries participated in the competition. Over the course of three days, our athletes competed in individual and team events, demonstrating skill, endurance, determination and a strong team spirit.
Following the 11th Spartakiad, Samruk-Energy’s medal tally included 11 medals:
5 gold medals
2 silver medals
4 bronze medals
Our athletes also received special awards in several categories. Tatiana Pyurova, a member of the women’s volleyball team, was named “Best player”; basketball player Nurzhan Zhanbyrbai was named “Best center”; and futsal player Shynghys Koralasbaev was named “Top scorer”.
The bronze medal in the overall team standings is a result of the collective effort and team spirit of Samruk-Energy!
Construction of the 300 MW solar power plant in Sauran district ofTurkistan region is progressing steadily. Foundation works for the solar module support structures are nearing completion, and installation of the first photovoltaic panels has commenced. Approximately 600,000 next-generation photovoltaic panels equipped with solar tracking systems will be installed across an area of around 800 hectares.
The project also includes the deployment of an energy storage system, which will ensure stable power generation and improve the efficiency of electricity transmission to the grid. At the same time, foundation works for the main power transformer, the energy storage system and the switchgear are progressing actively. Equipment deliveries are being carried out in accordance with the approved schedule.
Total investment in the construction of the solar power plant will exceed USD 200 million. Commissioning of the facility is scheduled for 2027, while the first electricity is expected to be generated by the end of December this year.
Once operational, the solar power plant will generate more than 600 million kWh of clean electricity annually, helping reduce electricity shortages in Kazakhstan's southern regions and increase the share of renewable energy sources in the country's energy mix.
The project is being implemented by Qazaq Green Power PLC, a subsidiary of Samruk-Energy JSC, in partnership with Energy China.
In the first half of 2026, Samruk-Energy JSC delivered stable operational and financial results, confirming its status as Kazakhstan's largest power company. According to preliminary six-month 2026 operating data, Samruk-Energy JSC's power plants generated 20.3 billion kWh of electricity, accounting for 32% of total electricity generation in Kazakhstan. The Group's enterprises met their production targets across their key areas of operation.
Stable operational performance is contributing to stronger financial results for the Company. Based on preliminary results for the first half of this year, Samruk-Energy JSC's assets amounted to approximately KZT 2.1 trillion, 30% higher than in the same period of 2025. As previously reported, in 2026, Moody's Ratings assigned Samruk-Energy JSC a first-time investment-grade long-term issuer rating of Baa2 in both foreign and local currency, with a Stable outlook. The investment-grade rating reflects Samruk-Energy JSC's strong financial position, solid market position and sustained growth in its operating performance.
Samruk-Energy is implementing a number of major priority investment projects.
The Company's portfolio comprises 20 major projects for the construction and modernization of energy facilities with a total capacity of 12.6 GW, accounting for almost half of all energy projects being implemented in Kazakhstan. The portfolio includes coal-fired generation projects (2 GW), gas-fired generation projects (2.2 GW), renewable energy projects (5.8 GW), as well as hydropower and pumped-storage hydropower projects (2.6 GW). In 2026 alone, Samruk-Energy plans to sign 10 EPC contracts for the turnkey construction of energy facilities, with contractors already having started work at the construction sites for five projects.
In addition, Samruk-Energy is a key participant in the modernization of Kazakhstan's energy sector. Under the national Project for the modernization of energy and utility sectors, Samruk-Energy plans to commission 3.6 GW of new generation capacity by 2029, out of the 7.3 GW envisaged under the project.
The implementation of these projects will improve the reliability of the power system, strengthen energy security and accelerate the modernization of the country's infrastructure.
Samruk-Energy JSC held a meeting, chaired by the Company's Chairman of the Management Board, Kairat Maxutov, to review the Company's occupational health and industrial safety performance for the first six months of 2026.
No fatal workplace accidents were recorded across Samruk-Energy JSC's enterprises during the first half of the year, while the number of workplace incidents was reduced by half. The Lost Time Injury Frequency (LTIF) rate stood at 0.10, significantly below the established target level.
During the meeting, the Company's management analyzed the causes of workplace incidents and identified additional measures to prevent occupational injuries.
The participants also reviewed the results of corporate inspections and the implementation of digital solutions, including video analytics systems, smart helmets and the SKY chatbot.
During the second half of the year, priority will be given to further strengthening the safety culture and integrating artificial intelligence solutions into occupational health and safety processes.
Summarizing the meeting, Kairat Maxutov emphasized that industrial safety remains the Company's highest priority and that protecting the lives and health of employees requires the daily commitment of every manager and every employee. The heads of the Company's subsidiaries were instructed to strengthen preventive measures, minimize operational risks and ensure the safe execution of work.
Samruk-Energy JSC continues to expand the use of offtake contracts, one of the key instruments for supporting domestic manufacturers and implementing the Government's import substitution policy.
Under the Program for Supporting the Establishment of New Production Facilities implemented by Samruk-Kazyna JSC, Samruk-Energy Group concluded 13 offtake contracts with a total value of KZT 2 billion during the first half of 2026.
For comparison, during the same period in 2025, the Group concluded 14 offtake contracts with a total value of KZT 388 million. Thus, despite a comparable number of contracts, the total value of offtake contracts increased more than fivefold, reflecting the implementation of larger-scale projects and greater effectiveness in supporting the development of domestic manufacturing.
An additional incentive was the introduction of a key performance indicator for the heads of the Company's subsidiaries and affiliates for 2026 related to the conclusion of offtake contracts. The target requires such contracts to account for at least 10% of the total value of goods procurement contracts concluded.
Offtake contracts provide domestic manufacturers with a guaranteed market for their products, create conditions for modernizing production facilities, attracting investment, creating new jobs and manufacturing competitive products.
Samruk-Energy JSC will continue to expand cooperation with domestic manufacturers, contributing to the development of Kazakhstan's industrial capacity and strengthening the country's economy.