A meeting was held between Mr. Kairat Maxutov, Chairman of the Management Board of Samruk-Energy JSC, and Mr. Wu Lei, Secretary of the Party Committee and Chairman of the Board of Shanghai Electric Group Co., Ltd.
Following the discussions, the parties signed a Memorandum of Understanding on strategic partnership and joint project implementation in Kazakhstan’s energy sector.
The memorandum provides for cooperation in modernizing energy infrastructure, developing renewable energy sources, and introducing innovative technologies. Among the key priorities are the establishment of a joint working group, the development of local manufacturing and supply chains, and the implementation of projects in wind, solar, hydro, and gas power generation, as well as waste-to-energy technologies.
“Samruk-Energy” JSC Chairman of the Board, Kairat Maxutov, emphasized that the partnership with Shanghai Electric opens new opportunities for domestic entities and promotes the adoption of advanced technologies across the energy industry.
The signing of the memorandum marks an important milestone in strengthening the strategic cooperation between Kazakhstan and China and lays the foundation for long-term collaboration in the energy sector.
As part of an official visit to Almaty, Chairman of the Management Board of Samruk-Kazyna JSC Nurlan Zhakupov, Chairman of the Management Board of Samruk-Energy JSC Kairat Maxutov, and Chairman of the Management Board of KEGOC JSC Nabi Aitzhanov visited the city’s combined heat and power plants (CHPs) to assess ongoing modernization and construction efforts.
At CHP-2, the delegation reviewed preparations of APP JSC’s energy assets for the 2025–2026 autumn–winter season. All scheduled maintenance and repair works on core and auxiliary equipment are progressing in line with the approved plan. The plants are ready to ensure reliable and uninterrupted electricity and heat supply throughout the heating season, which officially began on October 8 in Almaty and the Almaty Region.
A key focus of the visit was the modernization of Almaty CHP-2, designed to significantly reduce its environmental footprint. The delegation inspected the construction site and received an update on project implementation. The first gas turbine and generator set has already been installed, and active construction and assembly works continue. Installation of the second gas turbine set and hot-water boilers is scheduled for completion in October. The full commissioning of the upgraded plant is planned by the end of 2026.
As part of Almaty’s environmental improvement efforts and the nationwide environmental campaign “Taza Qazaqstan” (“Clean Kazakhstan”), Chairman of the Management Board of Samruk-Kazyna JSC Nurlan Zhakupov, Chairman of the Management Board of Samruk-Energy JSC Kairat Maxutov, and Chairman of the Management Board of KEGOC JSC Nabi Aitzhanov joined a tree-planting event on the grounds of CHP-2.
The delegation also visited the construction site of the “Reconstruction of Almaty CHP-3” project — a major initiative to build a 544-MW combined-cycle power plant. Installation of the first gas turbine and generator set is currently underway. The second set has successfully passed factory testing at Ansaldo Energia’s facilities in Italy and has been shipped from the Port of Genoa to Kazakhstan. By the end of this year, installation of the first gas turbine set will be completed, with construction and assembly works continuing across the main units of the new plant.
Following the inspections, the Chairman of Samruk-Kazyna held a meeting with the management teams of APP JSC, CHP-2, CHP-3, and the Western Heat Complex.
Based on the results of the visit, Mr. Zhakupov issued specific instructions to ensure the timely execution of investment projects and emphasized the importance of maintaining reliable and stable operations across APP’s facilities during the upcoming autumn–winter period.
On the Trade Union Day, Orazbek Bekbas, Chairman of the Kazakhstan Energy Industry Trade Union, presented commemorative medals “120 Years of the Trade Union movement” to employees of Samruk-Energy JSC.
The medals recognize outstanding professionalism and significant contributions to the development of Kazakhstan’s trade union movement.
Those awarded included:
- Madina Aisariyeva – Director of the Corporate Governance and Sustainability Department
- Baitas Ospanov – Senior manager of the Generation and Fuel Department
- Gulzhan Turzhanova – Senior manager of Human Resources Management Department
- Lauriya Amirova – Senior manager of the Generation and Fuel Department
We extend our warm congratulations to our colleagues on this well-deserved recognition and wish them continued success in serving Kazakhstan’s energy sector.
As part of the XVI Eurasian Forum KAZENERGY held in Astana, a meeting took place between Kairat Maxutov, Chairman of the Management Board of Samruk-Energy joint-stock company; Yerbol Karashukeyev, Mayor of Zhambyl region; and Mohamed Jameel Al Ramahi, Chairman of Masdar.
The discussion focused on the progress of the 1 GW wind power plant project in Zhambyl region. The implementation of this project will mark an important step toward the development of renewable energy in Kazakhstan and the achievement of the country’s national decarbonization goals.
The parties noted significant progress in key areas of project preparation, including the development of design documentation, the layout of wind turbine locations, as well as the preparation of foundations for wind turbines and power transmission lines.
The project participants — Samruk-Energy JSC and Masdar — confirmed their readiness to sign an EPC contract for preparatory works, with implementation scheduled to begin later this year. The project company is expected to commence on-site construction activities by the end of 2025.
As part of the KAZAKHSTAN ENERGY WEEK 2025 / XVI Eurasian Forum of KAZENERGY, a roundtable discussion was held on the topic “Investments in Central Asia’s energy infrastructure”. One of the key speakers was Kairat Maxutov, Chairman of the Management Board of Samruk-Energy joint-stock company.
In his address, Mr. Maxutov highlighted the company’s significance in Kazakhstan’s energy sector and outlined the modernization of existing assets along with a number of promising projects, including those in the field of renewable energy sources, whose share in the company’s portfolio continues to grow.
“Today, our company accounts for 34% of the country’s power generation and 42% of coal production. At the same time, a significant part of our assets has been in operation for 40–50 years, and we fully recognize the importance of their modernization, first and foremost to reduce environmental impact”,-noted Kairat Maxutov.
He also informed participants about plans to build new generating facilities, to develop digital solutions, and to introduce artificial intelligence technologies at energy sites. Among these initiatives are predictive analytics tools, including those for forecasting emergency situations and renewable energy output.
Furthermore, the company is placing strong emphasis on advancing research and development, with plans to establish its own analytical center. This will become an important step toward strengthening technological independence and building in-house expertise in the energy sector.
At the VII Forum of KAZENERGY Women’s energy club, a ceremony was held to honor women who have made significant contributions to the development of the energy sector.
Semenova Elena Pavlovna, a 3rd-class train receiver at Ekibastuz SDPP (Energy Solution Center LLP), was awarded the Kazenergy medal. She has devoted 35 years to the industry, 23 of which she has served as part of the Ekibastuz SDPP team.
In her role, Elena Pavlovna is responsible for receiving trains and ensuring traffic safety control. Thanks to her work, the power plant secures uninterrupted fuel deliveries throughout the heating season — without delays or schedule disruptions. She is also known for actively sharing her expertise with younger colleagues, thereby contributing to the development of the company’s professional capacity.
Astana hosted the 7th Forum of the KAZENERGY Women’s energy club, which brought together women from across Kazakhstan’s energy industry as well as from partner countries.
The forum, held under the inspiring theme “Women in Energy: Driving power. Shaping progress”, served as a dynamic platform for exchanging experience, fostering motivation, and sharing strategies for professional growth.
The event was officially opened by Zhandos Nurmaganbetov, Chief Executive Officer ofKAZENERGY Association, who highlighted the vital role of women in the energy sector, stressing their contributions to innovation, sustainable development, and the strengthening of the industry. He underscored that women’s engagement across all levels — from technical professions to executive leadership — is a crucial driver of progress.
Employees of the Samruk-Energy Group actively participated in the forum’s sessions, underscoring their commitment to promoting and expanding the role of women in the energy sector.
During the panel discussion “Women in the Industry: From skilled trades to leadership,” participants shared their personal career journeys and professional achievements.
The 7th Forum of the KAZENERGY Women’s Energy Club proved to be a powerful platform for generating ideas, building professional networks, and strengthening the role of women in shaping the future of energy.
Chairman of the Management Board of Samruk-Energy joint-stock company, Kairat Maxutov, held a meeting with representatives of the European Bank for Reconstruction and Development, led by Şule Kılıc, Director, Head of Energy Eurasia.
Discussions centered on Kazakhstan’s rapidly evolving energy sector and the critical role played by Samruk-Energy in driving this transformation. Key topics included the development of new green generation capacity, the planned gasification of CHP- 2 in Almaty, and the expansion of energy infrastructure to support long-term growth.
“Samruk-Energy Group has maintained long-standing business relations with the European Bank for Reconstruction and Development, one of the world’s leading international development finance institutions. In the context of the company’s dynamic growth, further strengthening of our strategic partnership with the European Bank for Reconstruction and Development is of particular importance”, - emphasized Kairat Maxutov.
At the conclusion of the meeting, the parties agreed to continue their joint efforts in implementing a number of key projects of Samruk-Energy Group.
The international rating agency Fitch Ratings has affirmed the long-term credit ratings of Samruk-Energy joint-stock company in foreign currency and in local currency at ‘BB+’ with a “Stable” outlook.
The affirmation of the ratings reflects improvements in the operating performance of the company as well as continued support from the state. Planned measures include capital injections from Samruk-Kazyna joint-stock company and the provision of state guarantees on debt obligations to enable the implementation of a large-scale investment program in the coming years.
Fitch Ratings assesses the role of state policy in relation to the company as “very strong”. Samruk-Energy joint-stock company accounts for approximately thirty-four percent of electricity generation and forty percent of coal production in the Republic of Kazakhstan, while also being one of the country’s largest employers and a responsible operator of numerous strategic projects carried out in the national interest.
The affirmed ratings also reflect consistent actions of the management of the company aimed at enhancing operational efficiency, the implementation of measures to improve tariff-setting mechanisms, and the existence of approved individual capacity tariffs under investment agreements for power plants.
In addition, the international rating agency notes the increasing share of international financial institutions in the debt portfolio of the company, which underlines the high quality of its debt profile. At the same time, Fitch Ratings emphasizes that Samruk-Energy joint-stock company has more than sufficient liquidity and cash reserves to fully cover all of its short-term obligations.
Samruk-Energy joint-stock company continues to confirm its status as a key player in the energy sector of the Republic of Kazakhstan, delivering on the strategic objectives of the state and ensuring the sustainable development of the industry.
Samruk-Energy JSC held a seminar titled “Energy conservation and improving energy efficiency: modern approaches and practical solutions”. The event brought together representatives of the company’s subsidiaries.
Rustam Kadyrov, Director of the Department for Energy efficiency, Innovation development, and Environmental safety, delivered the opening remarks. The workshop agenda covered the following topics:
advanced energy-saving technologies;
the regulatory framework in the field of energy efficiency;
best practices for implementing energy-efficient solutions;
strategies to reduce energy costs in organizations.
Particular attention was given to energy audits, energy consumption monitoring, and the prospects for renewable energy use.
The seminar served as an effective platform for sharing experience and discussing current challenges in sustainable development. Upon conclusion, all participants received certificates.
Samruk-Energy JSC has conducted a corporate training focused on the leading international organizations and their anti-corruption standards. Organized by the Compliance Service, the program was designed to deepen employees’ understanding of global best practices in combating corruption and to highlight the importance of embedding these practices into day-to-day business operations.
Adopting internationally recognized compliance standards strengthens investor and partner confidence, mitigates legal and reputational risks, and supports the long-term sustainable development of the energy sector.
The workshop gave participants the opportunity to consolidate their knowledge of international anti-corruption frameworks and explore practical approaches to their implementation. Initiatives of this kind foster a strong culture of integrity across Samruk-Energy group and reinforce the company’s commitment to transparency and responsible business practices in the eyes of its international stakeholders.
