Chairman of the Management Board of "Samruk-Energy" JSC, Kairat Maxutov, held a meeting to review the company’s performance in workplace safety over the first nine months of 2024. The Director of the Occupational Safety Department, Duisenbek Shardarbekov, reported on the results of investigations into workplace accidents, the implementation of the Chairman’s protocol instructions, and the progress of the “Safe Production” project.

Chief executive officers of "Almaty Power Plants" JSC and "Ekibastuz SDPP-2" JSC informed the meeting participants about the measures being taken to ensure safe working conditions and to prevent injuries at the plants.

In his address, the head of Samruk-Energy, highlighting the company group’s commitment to the Vision Zero principles, emphasized the need to improve the culture of workplace safety among employees and increase the accountability of responsible officials.

Following the meeting, Kairat Maxutov instructed the heads of subsidiary and affiliates to place special emphasis on occupational safety issues and to ensure strict adherence to workplace safety regulations. He also recommended exploring the use of artificial intelligence and the implementation of video analytics. Additionally, by order of the head of Samruk-Energy, safety audits will be conducted across all production facilities in the near future.

“Safety protects the lives of our employees, so occupational safety must always be a priority. Each of our workers must return home safe and sound, where their families await them”, concluded Kairat Maxutov.

The ceremonial opening of the branch of Satbayev University’s "Energy" department took place at “Almaty Power Plants” JSC. This event marks an important step in integrating education and production, creating unique opportunities for students in the energy sector.

Satbayev University and APP re implementing dual education principles that combine theoretical learning in educational institutions with practical training at the enterprise. Students following this model will be able to apply their knowledge in a real production environment, helping young specialists quickly adapt to their professions and acquire the necessary skills for future work at the power plants.

"We have conducted extensive preliminary work to open the department's branch and prepared our staff to work with students. Our specialists possess significant practical experience and will pass it on to the students. We intend to make every effort to train qualified personnel for the energy sector",- said Erik Mashirov, Chairman of the Management Board of “APP” JSC.

The pumped storage hydropower (PSH) facility in Changlongshan commenced operations in 2022, with electricity generation reaching 2,520 GWh in 2023. The total installed capacity of the plant is 2,100 MW.

In light of the rapid development of the economy and society, the creation of energy storage systems is becoming increasingly relevant, noted Nurlan Zhakupov, head of the Fund.

Currently, the China International Water and Electric Corporation is conducting a feasibility study to identify all potential sites for the installation of PSH facilities in Kazakhstan, as there are currently no such facilities in the republic.

"We appreciate your contribution to the development of Kazakhstan's hydropower potential, as well as your support in facilitating the exchange of knowledge and expertise between the professional communities of our countries", - said Nurlan Zhakupov.

For reference. Principle of operation of PSH   

There are two reservoirs—upper and lower. At night, water is pumped to the upper reservoir using electric motor-generators. 

When the peak tariff period begins, water is released down to the lower reservoir, and the same motor-generators produce electricity.

Source: @samrukkazyna_official

A roundtable discussion was held at “Samruk-Energy” JSC, featuring Kazakhstani producers. The event was organized with the support of  "Samruk-Kazyna" Fund, in collaboration with “Samruk-Kazyna Contract” LLP, to promote and develop local producers.

During the event, Askar Baltabaev, Managing Director for Procurement and Risks, highlighted the ongoing efforts of “Samruk-Energy” JSC to enhance domestic value and advance import substitution. He also discussed initiatives aimed at increasing the share of local content in procurement processes.

At the roundtable, new offtake contracts were signed with Kazakh producers, including “Nova Vision” LLP, “Kazakhstan Pipeline Systems” LLP, and “Asia Trafo” LLP, totaling over 5.3 billion tenge. In addition, a Memorandum of Cooperation was established with “Gefest Solution Qazaqstan” LLP for the project titled "Development and Implementation of Innovative Firefighting Technologies".

The roundtable also facilitated B2B meetings with local producers, focusing on specific issues related to their participation in procurement activities.

“Samruk-Energy” JSC prioritizes local producers in its tender processes. In the first nine months of 2024, the total value of procurements involving domestic producers reached over 25.5 billion tenge.

During a recent visit to the People’s Republic of China, Kairat Maxutov, Chairman of the Board of “Samruk-Energy” JSC and He Xi, Chairman of the Board of China Power International Holding, signed an agreement to develop a 1 GW wind power plant equipped with an energy storage system in the Republic of Kazakhstan.

The agreement outlines the collaborative efforts in the project’s development and coordination of activities for its implementation. During the meeting, both parties emphasized the need for joint efforts to expedite project initiatives and discussed the integration of this significant renewable energy facility into Kazakhstan's energy system.

Делегация АО «Самрук-Энерго» под руководством Председателя Правления Кайрата Максутова в рамках рабочей поездки в г. Пекин провели встречу с руководством Power China Resources.

В ходе переговоров были детально обсуждены планы по строительству ветровой и гидроэлектростанции общей мощностью 810 МВт в Казахстане.

Стороны договорились о необходимых мероприятиях по разработке технико-экономического обоснования, проведения ветроизмерительной кампании, получения отчета по оценке воздействия на окружающую среду по международным стандартам. Также стороны наметили план работ на ближайшее время по реализации проектов.

Nurlan Zhakupov, Chairman of the Management Board of “Samruk-Kazyna" JSC held a meeting in Beijing with Zhou Fugui, Chairman of the Board of Directors of Sany Renewable Energy.

Earlier, during the Kazakhstan-China Business Council, a joint development agreement was signed with Sany Renewable Energy to localize the production of components for wind power plants, including blades, nacelles, and towers.

The parties discussed the current progress of the project during the meeting.

“This year, we have already held four high-level meetings in both China and Kazakhstan, highlighting the strategic nature of our partnership,” Nurlan Zhakupov noted during the discussions.

Sany Renewable Energy (a subsidiary of Sany Group) - is one of the world’s largest manufacturers of wind turbines.

Source: @samrukkazyna_official

Fitch Ratings has affirmed the long-term credit rating of JSC Samruk-Energy in both foreign and local currencies at "BB+" with a "Stable" outlook.

The rating affirmation is based on positive expectations regarding the company’s operational performance and strong government support. In 2024, the state transferred two hydropower plants to Samruk-Energy, and equity injections from “Samruk-Kazyna” JSC are planned to support the company’s investment plan in the coming years.

The agency assesses the role of state policy as "strong," given that Samruk-Energy is responsible for approximately 34% of Kazakhstan's electricity production and 40% of coal extraction, while also being a major employer and implementing several strategic projects for the state.

The confirmed rating also considers the ongoing policy of tariff increases, the presence of approved individual capacity tariffs for completed projects, and new investment agreements for projects such as SDPP-1, SDPP-2, and APP, which are set to take effect in 2025 and 2027, respectively.

Additionally, the agency notes the increasing share of international and local financial institutions in the company’s credit portfolio, indicating a high-quality debt profile. At the same time, the agency emphasizes that Samruk-Energy has sufficient liquidity and cash reserves to fully cover its short-term obligations.

Nurlan Zhakuplov, Chairman of the Management Board of “Samruk-Kazyna” JSC meets with Lu Zexiang, Chairman of China Energy International Group in Beijing

The meeting focused on expanding cooperation in the energy sector, with a particular emphasis on renewable energy initiatives.

On July 2, 2024, during the Kazakhstan-China Business Council held in Astana, “Samruk-Kazyna” JSC and China Energy Overseas Investment, a subsidiary of China Energy International Group, signed a Memorandum of Understanding to collaborate in the field of renewable energy.

Building on this strategic partnership, today’s meeting saw Kairat Maxutov, Chairman of the Management Board of Samruk-Energy, and Lin Xiaodan, Chairman of China Energy Overseas Investment, sign an agreement for the joint development of new energy projects. 

The agreement outlines plans for the construction of a 500 MW wind power plant in the Karaganda region and a 300 MW solar power plant in the Turkestan region, supporting Kazakhstan's shift towards sustainable energy solutions.

China Energy International Group is a global leader in coal mining, thermal power, wind energy, coal processing, and water resource management.

Source: @samrukkazyna_official

Arai Serikzhanova, Senior manager of the Corporate Governance and Sustainable Development Department at "Samruk-Energy" JSC, participated in the 7th Vienna Energy Security Dialogue. 

Arai spoke during the interactive panel session "Energy Education, Efficiency, and Inclusivity for Enhancing Energy Security", where participants discussed the importance of a skilled and inclusive workforce for a successful energy transition. The session also focused on preparing future leaders in renewable energy, engaging youth, and increasing the participation of women in the energy sector. 

During her speech, Arai Serikzhanova emphasized the role of women in the energy sector and the energy transition. She noted that women make significant contributions through their multitasking abilities, flexibility, and capacity to make decisions in uncertain situations. Arai also shared her experience with the OSCE and GWNET mentorship programs, in which she participates. According to her, such programs play a crucial role in professional development, helping women in energy to strengthen their skills, expand their networks, and advance their careers. 

The forum brought together over 200 participants, including representatives from government, business, academia, and civil society.