“Samruk-Energy” JSC power companies early fulfilled annual plans by the date of their professional holiday: Ekibastuz GRES-2 generated 4.7 mln. kWh of electricity, which is 107% of the plan, Moynak HPP - over 915 thous. kWh of electricity (104%). Coal output at the open-pit mines of “Bogatyr Komir” LLP was 41.8 mln. tons (104% of the annual plan).
In general, energy producing organizations of “Samruk-Energy” JSC, while maintaining the growth dynamics of indicators compared to the previous year, as of December 20, 2020, generated 29 897 mln kWh of e (103%), which is 3% higher than the same period last year. This is about 28% of the total output of energy producing organizations in the Republic of Kazakhstan.
In the outgoing year, the company completed or started utmost important projects that actually form the picture of the future of Kazakhstan's energy sector.
In 2020, “Samruk-Energy” JSC completed the program for full retrofit of Shardarinsk HPP. Investments in the project amounted to 38 bn. tenge. The retrofit ensured an increase in the service life of the HPP to 45-50 years and an increase in from 480 to 537 mln. kWh per year.
“Samruk-Energy” JSC launched the construction of two wind power plants. The first is 60 MW plant in Shelek corridor of Almaty region including a possible increase in the capacity up to 300 MW. The second wind farm is located in Yereymentau district of Akmola region. It is planned to install 11 wind turbines with a total capacity of 50 MW at the station site. The electricity generated by the new wind farms will be supplied to the country's National Power Grid.
Over 11 months of the year, energy production by “Samruk-Energy” JSC RES facilities amounted to 303,793 mln.kWh, or 10% of the total volume of electricity from renewable energy sources in the republic.
“Bogatyr Komir” LLP, a company that is managed on a parity basis by “Samruk-Energy” JSC and the Russian UC RusAl, has begun the implementation of a fundamentally important project at the Bogatyr open-pit mine – Cyclical-and-continuous method of coal mining. The introduction of the production line will allow for coal mining at a depth of more than 200 meters, where the use of railway transport is very difficult and will increase the capacity of the Bogatyr open pit to 40 mln.tons of coal per year.
In 2020, the global issues associated with COVID-19 pandemic affected “Samruk-Energy” JSC group of companies. However, in a difficult epidemiological situation, the company ensured the operation of all its power plants and coal mining facilities as usual. Kazakhstani power engineers The emergency mode showed the high competence of power engineers and mobilization capabilities of the industry.
“Samruk-Enery” JSC strengthened its financial stability 2020. Two years ago “Samruk-Energy” JSC was in the “red zone” of financial stability. The measures taken by the company's management, namely, a significant reduction in its debt, the timely successful refinancing of a foreign currency loan, as well as hedging and converting foreign currency liabilities into tenge, allowed the company to enter the “green zone” of credit risk.
Based on the results of the work conducted, the international rating agency Fitch Ratings confirmed the long-term ratings of “Samruk-Energy” JSC at BB level, the Outlook Stable, and also raised the company's credit rating on an independent basis from B to B +.
“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.