Current and capital expenditures of “Samruk-Energy” JSC were reduced by 18,5 bn.tenge in 2020. Activities on cutting costs are taken for purposes of implementing the instructions of Akhmetzhan Yesimov, the Chairman of “Samruk-Kazyna” SWF” JSC Executive Board, which were given at the meeting of operations headquarter of “Samruk-Kazyna” JSC.
We would like to remind that the companies that are part of “Samruk-Kazyna” JSC were assigned a wide range of tasks and certain instructions including reducing costs that do not directly affect their operations, revision of organizational structures of companies in terms of reduction of executive and vacant positions, etc.
The analysis of expenses planned in 2020 has resulted in “Samruk-Energy” JSC reduction of operating costs associated with consulting, audit and legal services, maintenance and updating of software, expenses for creating reserves and costs for vehicles and others.
Along with operating expenses, the company revised its capital expenditures, optimization of which is 15,8 bn.tenge, or 13% of total investment costs.
The largest power holding company in the country undertook all measures required to support its employees in a challenging epidemiological situation.
There were no job cuts at power plants and enterprises of the company, no delays in wages payment during the quarantine, also compensation payments and benefits established by labor legislation and collective bargaining agreements were made.
In general, “Samruk-Energy” JSC operations in power and coal industries were carried out as usual.
According to the results of the year, electricity output is forecasted the level of 30,5 bn. kWh, with an increase against the 2019 actual by 0,3 bn. kWh. (2019 actual was 30,2 bn. kWh).
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“Samruk-Energy” JSC is the largest power holding company in Kazakhstan, 100% owned by “Samruk-Kazyna” SWF JSC. It was established in 2007. Core business: electricity and heat production; transmission, distribution and sale of electricity, power coal mining. The holding company comprises energy and coal enterprises, including “Ekibastuz SDPP-1” LLP, “Ekibastuz SDPP-2 Plant” JSC, “Bogatyr Komir” LLP, “Almaty Power Plants” JSC, “Moynak HPP” JSC, “Shardarinsk HPP” JSC, etc.