Until 2035, “Samruk-Energy” JSC aims to execute investment initiatives to introduce over 12 GW of new power generation capacities in Kazakhstan's energy sector, as revealed by Kairat Maxutov, Chairman of the Board, during a government meeting in the Republic of Kazakhstan. The outlined projects encompass 5.9 GW in thermal plants, 600 MW in hydropower plants, and 5.7 GW in renewable energy facilities, comprising wind and solar power plants. Maxutov highlighted that several projects would be undertaken collaboratively with strategic investors.
Maxutov's report detailed ongoing projects, specifically the construction of combined cycle gas turbine units at Almaty CHP-2 and CHP-3. Almaty CHP-2 project involves a new gas station with 557 MW electrical capacity and 816 Gcal thermal capacity, costing 330 bn. tenge based on the EPC contract. Meanwhile, the Almaty CHP-3 project envisions a CCGT unit with 544 MW electrical capacity and 160 Gcal thermal capacity, with a project cost of 273 bn. tenge according to the feasibility study. Maxutov assured that both CHP-2 and CHP-3 projects are fully funded, with construction sites in preparation and geological surveys underway.
Furthermore, Maxutov discussed plans for constructing new thermal power plants in three Kazakh cities. A memorandum of cooperation signed in November 2023 involves the construction of thermal power plants in Kokshetau (240 MW), Semey (360 MW), and Ust-Kamenogorsk (360 MW). Samruk-Energy and Russia's INTER RAO Export are designated as authorized organizations for project implementation. Feasibility studies for Kokshetau have been completed, Semey's study will be ready in March, and Ust-Kamenogorsk's study is scheduled for completion by the end of 2024. The construction of these thermal power plants is slated for 2027-2028.
The project portfolio of “Samruk-Energy” JSC also encompasses several hydroelectric projects, including the Kerbulak hydropower station (50 MW) on the Ili River, Semey HPP (up to 300 MW) on the Irtysh River, and HPP 29 (70 MW) on the Shelek River. Pre-project documentation is in progress, along with coordination with local executive bodies for land acquisition.
Moreover, the company is actively engaged in renewable energy projects with a total capacity of 5 GW. The SDPP-3 project involves constructing a new station with a capacity of 1320 MW, featuring two power units of 660 MW each.