Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna, visited the construction site of a new combined heat and power (CHP) plant in Semey.
The project is being implemented to ensure reliable heat supply for the city, which has a population of around 320,000. The future plant will have an installed capacity of 405 MW of electricity and 1,000 Gcal/h of heat, enabling it to meet the city’s demand and enhance the resilience of the regional energy system.
During the visit, Zhakupov discussed the pace of implementation and the current status of works with the management of Samruk-Energy and project contractors. Particular attention was paid to meeting project deadlines and ensuring efficient construction management.
Following the meeting, Zhakupov emphasized that the commissioning of the CHP plant is scheduled for 2029 and must be delivered without delays. At the same time, he stressed the need to take all necessary measures to accelerate construction.
The new CHP plant is expected to have a positive impact on the region’s environmental situation. The project envisages the use of clean coal technologies and modern flue gas treatment systems, which will significantly reduce emissions compared to the city’s existing coal-fired energy sources.
First Deputy Prime Minister of the Republic of Kazakhstan Roman Sklyar visited Almaty’s combined heat and power plants (CHP-2 and CHP-3) during the business trip to the city. The site visit to the power facilities was attended by the Mayor of Almaty city Darkhan Satybaldy, along with industry representatives
A large-scale modernization of CHP-2 is underway in Alatau District, involving the plant’s conversion to natural gas. The project is being executed by a consortium of Chinese companies. Construction commenced in 2024 and is scheduled for completion in 2026.
The project entails the development of a modern gas-fired facility with a thermal capacity of up to 952 Gcal/h and an installed electrical capacity of up to 600 MW. It is expected to materially reduce air emissions while preserving the reliability of Almaty’s heat and power supply.
Delivery of major and auxiliary equipment is nearly complete (99%). Three gas turbines and associated generators, as well as four hot water boilers, have been installed. Installation of heat recovery steam generators is ongoing. Supporting infrastructure, including access roads, has been completed.
Overall construction progress across core assets stands at approximately 55%. Works are ongoing at the main plant building, boiler house, water treatment systems, gas handling facilities, and electrical infrastructure.
CHP-2 is the largest source of district heating in Almaty. The modernization is expected to lower environmental impact, improve air quality, and ensure a stable and reliable supply of heat and electricity.
Following the visit, Mr. Sklyar instructed stakeholders to adhere to the project schedule, strengthen quality control over construction works and equipment delivery, and take all necessary steps to enable timely commissioning.
The business trip also included a review of the reconstruction of CHP-3, located in the Ili district of Almaty region. The plant has operated as part of Almaty Power Plants JSC since 2007.
The project involves the construction of a combined-cycle gas turbine (CCGT) unit with a capacity of at least 450 MW, alongside the replacement of ageing equipment.
The contractor is a consortium of Kazakhstani companies. Engineering surveys and earthworks have been completed, and pile foundation works and construction of key infrastructure are in progress. The first gas turbine has been installed on its foundation, with further equipment installation and construction activities ongoing.
With respect to CHP-3, Mr. Sklyar instructed that construction progress be accelerated, coordination among project participants be enhanced, and key milestones be delivered on schedule.
A meeting took place today between Kairat Maxutov, Chairman of the Management Board of Samruk-Energy JSC, and Zhu Zhaokai, President of Shanghai Electric Group Co., Ltd.
The discussions focused on the status of ongoing cooperation, including the implementation of the 1 GW “Mirny” project in Zhambyl region. The project is being developed in partnership with TotalEnergies, with Shanghai Electric serving as the EPC contractor as part of a Kazakhstan–China consortium.
On 18 March this year, Samruk-Energy JSC, together with its partners, held a time capsule ceremony marking the start of construction of the 1 GW wind power plant.
Shanghai Electric’s participation in the consortium alongside a Kazakh partner reflects the parties’ commitment to localization and the development of national industrial capacity.
Particular attention was given to priority areas for further cooperation outlined in the Memorandum of Understanding signed in October 2025. These include the localization of equipment manufacturing, digitalization and the integration of smart technologies in asset management, the deployment of energy storage solutions, and the establishment of a joint working group to move towards practical implementation of the agreements reached.
Following the meeting, the parties reaffirmed their interest in expanding cooperation and expressed confidence that their joint efforts will contribute to the successful delivery of one of the largest renewable energy projects in Kazakhstan’s history.
Samruk-Energy JSC held a meeting with representatives of China Energy International Group Co., Ltd.
The meeting was attended by Kairat Maxutov, Chairman of the Management Board of Samruk-Energy JSC, and Lin Xiaodan, Vice President and Acting President of China Energy International Group. The parties discussed the progress of key projects, including the construction of a 500 MW wind power plant in the Karaganda region and a 300 MW solar power plant in the Turkestan region.
Particular attention was given to project timelines, including the start of construction, commissioning schedules, and the selection of the EPC contractor. Samruk-Energy JSC emphasized the need to complete procedures for concluding the Investment Agreement by the end of April this year, to define the construction start date, and to accelerate the signing of the EPC contract no later than May. The importance of the timely selection of a wind turbine supplier, taking into account local content requirements, was also highlighted.
Following the meeting, the parties confirmed their mutual interest in further developing cooperation and expressed readiness to accelerate the implementation of projects aimed at advancing renewable energy in Kazakhstan.
Kazakhstan is moving forward with the development of new coal-fired generation capacity, with Samruk-Energy JSC currently implementing four major projects. The update was presented by Kairat Maxutov, Chairman of the Management Board of Samruk-Energy, at a Government meeting chaired by Prime Minister Olzhas Bektenov.
The projects include the expansion of Ekibastuz SDPP-2 with the addition of Units 3 and 4, as well as the construction of combined heat and power (CHP) plants in Kokshetau, Semey, and Ust-Kamenogorsk.
At Ekibastuz SDPP-2, the Company is developing Units 3 and 4, each with a capacity of 550 MW. An EPC contract with a Kazakh consortium was signed in May 2025, and the design and cost documentation for both units has been completed.
In Kokshetau, construction is underway on a new CHP plant with a planned heat capacity of up to 820 Gcal/h. Utility connections have been completed, site infrastructure is being prepared, and construction of the concrete batching plant is ongoing. Equipment deliveries are scheduled to begin in 2027, with commissioning targeted for the first quarter of 2029.
In Semey and Ust-Kamenogorsk, CHP projects are also progressing. EPC contracts with a Kazakh-Singaporean consortium were signed on 30 January 2026. Both plants are scheduled for commissioning in the fourth quarter of 2029.
All projects are aimed at addressing capacity shortages and ensuring reliable power supply across the country.
“Samruk-Energy is delivering these coal-fired generation projects on schedule, in line with the directives of the President and the Government of Kazakhstan,” said Kairat Maxutov.
Samruk-Energy JSC summarized its safety performance for the first quarter of 2026, with a focus on risk prevention and stronger management accountability.
“Our priority is to anticipate risks rather than respond to incidents. Safety needs to be embedded in day-to-day management”, said Kairat Maxutov, Chairman of the Management Board of Samruk-Energy JSC.
Across the Group, preventive efforts have been strengthened, including targeted training, emergency drills, and the rollout of digital tools to reduce incidents and non-compliance.
There is also a stronger focus on transport safety and the use of digital technologies. The Company plans to expand the use of AI-enabled video analytics, which have already helped reduce safety violations.
Following the review, management called for tighter oversight of contractors, stricter compliance with safety requirements, and clear accountability at all levels. The Company will continue to strengthen its safety practices, with a focus on building a strong safety culture and reducing operational risks.
Samruk-Energy JSC has been recognized among the leaders in climate impact management in the RAEX ESG rating, ranking 8th out of 145 largest companies across Russia, Kazakhstan, Uzbekistan, and Mongolia.
The RAEX study evaluates the impact of businesses on the climate and the effectiveness of corporate climate risk management. It focuses on the average performance across four key climate-related indicators: greenhouse gas emissions, energy consumption, the share of renewable energy, and climate adaptation. The rating methodology also takes into account emissions reduction strategies, the integration of climate risks into business processes, and the transparency of disclosures.
The ranking results confirm that Samruk-Energy JSC is systematically implementing advanced approaches to climate governance, including climate risk monitoring, enhanced transparency, and the application of international ESG standards.
The Company continues to implement practical initiatives aimed at reducing greenhouse gas emissions, improving energy efficiency, and integrating climate objectives into its day-to-day operations. These efforts demonstrate Samruk-Energy’s commitment not only to meeting its obligations, but also to continuously improving its sustainability performance across projects and processes.
Galymbek Autalipov, Managing Director for Production at Samruk-Energy JSC, spoke at the breakout session “Machinery for Energy Projects”, where he outlined the prospects for the transfer and localization of clean coal technologies in Kazakhstan. He noted that the country views the adoption of these technologies as a strategic priority to ensure energy security while maintaining its environmental commitments. Key opportunities are linked to the modernization of existing assets and the development of new capacity based on international best practices.
Representatives of the Pricing and Marketing Office and the Procurement Management Department participated in a panel session titled “In-Country Value in Procurement at Samruk-Kazyna JSC”. The discussion focused on current priorities in state industrial policy, measures to promote import substitution, and approaches to the technological modernization of enterprises.
The Kazakhstan Machinery Forum traditionally serves as a key dialogue platform, bringing together representatives of government and business to shape a strategic vision for the development of the machinery sector and the broader manufacturing industry.
A meeting was held at Samruk-Energy JSC with a delegation from the China-Eurasian Economic Cooperation Fund (CEF) and China Energy Overseas Investment Co., Ltd. (Energy China).
During the meeting, the parties discussed prospects for collaboration on joint projects, as well as opportunities to further expand bilateral cooperation.
Kairat Maxutov, Chairman of the Management Board of Samruk-Energy JSC, and Chen Zhuo, Chief Executive Officer of the China-Eurasian Economic Cooperation Fund, noted the high level of engagement between the parties and expressed their mutual interest in strengthening the partnership, including through the development of new energy and infrastructure projects.
Following the meeting, the parties agreed to continue their joint work and to further explore promising areas of cooperation.
The China-Eurasian Economic Cooperation Fund (CEF) is a state-backed investment fund of the People’s Republic of China, established with the participation of the country’s leading financial institutions. The Fund serves as one of the key instruments supporting the Belt and Road Initiative and focuses on investments in the energy, infrastructure, and industrial sectors across Eurasia.
Samruk-Energy JSC has conducted a training session focused on compliance, the anti-corruption legislation of the Republic of Kazakhstan, and the Company’s updated internal regulatory documents.
The training, organized by the Compliance Service, was delivered to employees of the Company and its subsidiaries and affiliates.
The session covered key requirements of the anti-corruption legislation of the Republic of Kazakhstan, as well as the role of the Company’s compliance function in ensuring adherence to applicable requirements and mitigating compliance and corruption risks.
Participants were introduced to the core instruments of the Company’s anti-corruption framework, including third-party due diligence, corruption risk assessment, and income declaration requirements.
Particular attention was given to the Company’s updated internal compliance framework, including the operation of the whistleblowing hotline, the protection of reporting individuals, adherence to the zero-tolerance policy on corruption, and procedures for handling conflicts of interest and attempted bribery.
The training is aimed at enhancing compliance awareness, fostering an anti-corruption culture, and promoting integrity across the Samruk-Energy group of companies.
