The Chairman of the Management Board of “Samruk-Energy” JSC, Kairat Maxutov, held a meeting with the Vice Chairman of the Board of China Energy International Group Co., Ltd., Xue Danfeng. During the discussions, the parties addressed the implementation of joint renewable energy projects with a total capacityof 800 MW.
The legal framework for these initiatives is based on the Intergovernmental Agreement between the Government of the Republic of Kazakhstan and the Government of the People's Republic of China, signed on November 12, 2024, during the COP 29 conference.
The projects include the construction of a 300 MW solar power plant in the Turkestan region and a500 MW wind power plant in the Karaganda region. These projects are set to make a significant contribution to the development of green energy in Kazakhstan.
One of the key outcomes of the meeting was the identification of major project implementation stages. In the first half of 2025, the signing of key project documents is planned. Additionally, the parties discussed the establishment of a joint project company as part of this work.
These steps underscore the commitment of “Samruk-Energy” JSC and China Energy International Group to further strengthen their partnership and implement strategically important initiatives in the energy sector.
On January 18, 2024, during the "Kazakhstan-Italy" investment roundtable with the participation of the Head of State, a Cooperation Agreement was signed between “Samruk-Energy” JSC and Ansaldo Energia for the implementation of energy projects, including the "Reconstruction of Almaty CHP-3 based on a combined cycle gas turbine (CCGT) with an increase in plant capacity" project.
On February 2, 2024, the President of Kazakhstan signed a Decree ratifying the Intergovernmental Agreement on the "Construction of a 1 GW Wind Power Plant (WPP) with an energy storage system with Total Eren" project.
On February 14, 2024, a Heads of Agreement was signed between the Ministry of Energy of the Republic of Kazakhstan, Samruk-Kazyna JSC, and Urbacon Concessions Investments WLL (UCC) for the construction of a combined-cycle power plant of approximately 1,100 MW capacity in the Kyzylorda region.
On March 20, 2024, an Agreement on establishing long-term strategic partnership for the development of projects in priority sectors was signed between the governments of the Republic of Kazakhstan and the State of Qatar. Among the largest investment projects are the construction of a combined-cycle power plant with a capacity of 1,100 MW and the Semey Hydropower Plant (HPP) with a capacity of 350 MW.
On April 17, 2024, an Agreement was signed between the Ministries of Energy of Kazakhstan and the Russian Federation on cooperation in the construction of CHP plants in the cities of Kokshetau, Semey, and Ust-Kamenogorsk.
In June 2024, during the Kazakhstan-Korea Business Forum, Samruk-Energy, Doosan Enerbility, and KEPCO Plant Service and Engineering signed a Memorandum of Understanding (MoU), expressing their intent to collaborate on joint implementation of flue gas cleaning projects at Ekibastuz SDPP-1, Ekibastuz SDPP-2, and APP.
On July 2, 2024, during the Kazakhstan-China Business Council, “Samruk-Energy” JSC and China International Water & Electric Corp. (CWE) signed a Cooperation Agreement for the construction of Kazakhstan’s first Pumped Storage Hydropower Plant (PSH).
On July 2, 2024, within the framework of the Kazakhstan-China Business Council, a Framework Agreement (FA) was signed between “Samruk-Kazyna” JSC and CNPC for the construction of a 400 MW Wind Power Plant in partnership with PetroKazakhstan (CNPC).
On July 3, 2024, a Memorandum of Understanding (MoU) was signed, and on October 15, 2024, an Agreement on the Joint Development of an 800 MW Renewable Energy (RE) project was signed between “Samruk-Energy” JSC and China Energy.
On July 26, 2024, a Cooperation Agreement was signed for the project to expand the RE capacity to 810 MW in the Shelek Corridor.
On August 23, 2024, a Heads of Agreement was signed between “Samruk-Energy” JSC, “KazMunayGas” JSC, and PetroKazakhstan for the "Construction of a 400 MW Wind Power Plant" project.
On August 28, 2024, Ekibastuz SDPP-2 signed an EPC contract with a Russian-Kazakh consortium for the construction of the 3rd and 4th power units.
On August 29, 2024, a contract was signed for the development of project documentation for the construction of a CHP plant in Kokshetau with an electrical capacity of 240 MW and a thermal capacity of 520 Gcal/h.
In October 2024, Samruk-Energy JSC and China Power International Holding signed an Agreement to develop a project for the construction of a 1 GW Wind Power Plant with the installation of an energy storage system.
On October 30, 2024, the Law of the Republic of Kazakhstan ratified the Agreement between the Government of Kazakhstan and the Government of the State of Qatar on establishing a long-term strategic partnership for the development of priority sector projects (including the construction of a combined-cycle gas turbine power plant in the Kyzylorda region).
On November 12, 2024, at COP 29, an Agreement was signed between the Governments of Kazakhstan and China, along with an Agreement on joint investment in the 800 MW Renewable Energy project between “Samruk-Energy” JSC and China Energy. The project involves the construction of a 500 MW wind power plant in the Karaganda region and a 300 MW solar power plant in the Turkestan region.
On November 12, 2024, an Investment Agreement (IA) was signed at COP 29 for a 1 GW Wind Power Plant (WPP) project with an energy storage system, in collaboration with MASDAR.
In November 2024, during the visit of the President of Russia to Kazakhstan, a Cooperation Agreement was signed between “Samruk-Energy” JSC and “ORGRES” LLC regarding the reduction of pollutant emissions at power units No. 3 and No. 4 of Ekibastuz SDPP-2.
In November 2024, the heads of Samruk-Kazyna and Chinese company SANY Renewable Energy launched the construction of a wind turbine component manufacturing plant in the Zhambyl region.
On November 12, 2024, an Intergovernmental Agreement between Kazakhstan and China was signed at COP 29 for the 1 GW Wind Power Plant project with an energy storage system, in collaboration with China Power International Holding (CPIH), as well as an Agreement between Samruk-Energy and China Energy.
On November 15, 2024, a Power Purchase Agreement (PPA) was signed at COP 29 for the 1 GW Wind Power Plant project with an energy storage system, in collaboration with MASDAR.
On December 4, 2024, the Chairman of the Board of “Samruk-Energy” JSC and the President of Power International Holding signed a Joint Implementation Agreement (JIA) for CCGT power plant construction project in the Kyzylorda region.
As part of the 'Modernization of Power Unit No. 3' project, the project's feasibility study (FS) was developed, and in December 2024, a positive conclusion was obtained from RSE “Gosexpertiza”
By the end of 2024, the manufacturing and final testing of one set of gas turbine units (GTU) for the 'Modernization of Almaty CHP-2' project were completed.
On December 23, 2024, a certificate of commissioning was signed for Power Unit No. 1 at Ekibastuz SDPP-1. For the first time in the last 30 years, the station operated at full capacity in an eight-unit mode.
On December 23, 2024, the Board of Directors of “Samruk-Energy” JSC approved the Investment Project Portfolio. This portfolio consists of 34 projects, and the implementation of these projects will increase the total installed capacity by 16.4 GW."
On December 31, 2024, a Joint Development Agreement (JDA) was also signed with Nebras Power for the Semey HPP project.
An extensive repair campaign was conducted, with 114 units of major equipment repaired.
“Samruk-Energy” JSC Group generated 39.8 bn kWh of electricity in 2024, representing a 13% increase compared to the previous year.
In 2024, the hydropower plants of “Samruk-Energy” JSC achieved a record electricity output, generating 5.6 bn kWh of electricity. This exceeds the annual target by 1.1 bn kWh.
Moynak Hydropower Plant generated over 1 bn kWh of electricity in 2024 (1.07 bn kWh), marking the first time in the past five years it has achieved this milestone.
In October last year, Shardarinsk, Moynak, Ust-Kamenogorsk, and Shulbinsk hydropower plants achieved their annual electricity generation targets ahead of schedule, producing a total of 4.5 bn kWh of electricity.
By the end of 2024, APP, “Energia Semirechya” LLP, and “Samruk Green Energy” LLP exceeded their annual electricity generation plans by 363 mn kWh, delivering a combined total of 5.4 bn kWh.
During the Abu Dhabi Sustainability Week 2025 forum in Abu Dhabi, senior leadership of “Samruk-Energy” JSC and Masdar, a leading international renewable energy company, held a meeting to discuss the implementation of a large-scale project for the construction of a 1 GW wind power plant with an energy storage system in Zhambyl region of Kazakhstan.
Key milestones for the project in 2025 were outlined during the meeting, including design and survey work, the signing of an EPC contract, and the commencement of construction and installation activities. The project forms part of Kazakhstan's strategy to increase the share of renewable energy in the national energy mix and reduce carbon emissions.
The wind farm will generate green energy for approximately 300,000 households and is expected to offset 2 million tons of CO₂ emissions annually, making it one of the largest wind farms in the CIS region.
Aligned with Kazakhstan's climate objectives, the wind power plant in the Zhambyl region will contribute to the country achieving its goal of sourcing 15% of its energy from renewable sources by 2030.
Alexandra Iosifovna Stelmakh, a veteran of the coal industry, has celebrated her 100th birthday! Representatives from the corporate fund of “Bogatyr Komir” LLP and trade unions extended their congratulations on her remarkable milestone.
During the war years, Alexandra Iosifovna worked on the home front and later dedicated her career to the Ekibastuz coal basin. Rising through the ranks from a switch operator to a station duty officer, she earned the respect of her colleagues and recognition for her contributions to the coal industry.
Her achievements have been honored with several awards, including the Veteran of Labor medal and jubilee medals commemorating the 65th and 70th anniversaries of Victory. However, her greatest treasure remains her large family—her children, grandchildren, and great-grandchildren.
Ekibastuz SDPP-1 Unit No. 1 was commissioned, allowing the plant to operate at full capacity for the first time in 30 years.
Ekibastuz SDPP-2 signed an EPC contract for the construction of Units 3 and 4.
A contract was signed to develop design and cost-estimate documentation for the construction of a CHP plant in Kokshetau.
A large-scale repair program was successfully carried out across subsidiaries.
Samruk-Energy ranked first in PwC Kazakhstan’s 2023 ESG Information Disclosure Rating among 98 Kazakhstani companies. For the first time in the rating’s history, a record-high score of "A+" was awarded.
The 2023 Samruk-Energy Annual Report was recognized as one of the best by international organizations.
Fitch Ratings reaffirmed the company’s credit rating at "BB+" with a "Stable" outlook.
A Monitoring and Information Center was established for the first time, enabling real-time control and analysis of data from production facilities.
The company issued its first bonds under the group’s bond program and launched I-REC green certificates on the AIFC Exchange.
A new development strategy for 2024–2033 was approved.
“Samruk-Energy” JSC Women’s club was established, and the first Women’s Forum of the companies group was held.
The 3rd Youth Forum of “Samruk-Energy” JSC’s group of companies was successfully held.
The Chairman of the Board of “Samruk-Energy” JSC, Kairat Maxutov, held a regular meeting on occupational safety and health issues. He noted that significant progress had been made in this area this year.
Specialists underwent training in international programs such as NEBOSH and IOSH, the automated system "Safe Production" was implemented, and the "Stop Cards" procedure, the electronic system for medical examinations (ESME), video tokens, and helmets with cameras for operational personnel were introduced.
The Head of Samruk-Energy emphasized that next year, there will be large-scale efforts aimed at consistently reducing accidents among station employees and stressed the need to increase spending on ensuring occupational safety. He also instructed the responsible structural units to develop a comprehensive plan to achieve zero workplace injuries.
A certificate for commissioning of power unit No. 1 was signed at Ekibastuz SDPP-1. The event, which is significant in the energy sector, was attended by the Vice Minister of Energy of the Republic of Kazakhstan, Sungat Esimkhanov, and the Chairman of the Board of “Samruk-Energy” JSC, Kairat Maxutov.
The implementation of the project to restore power unit No. 1 has enabled Ekibastuz SDPP-1 to operate at full capacity in an eight-unit mode for the first time in the past 30 years. As a result, the plant’s capacity has increased to 4000 MW.
As part of the project, Ekibastuz SDPP-1 has been equipped with a modernized 540 MW energy block with improved energy efficiency, new boiler and turbine equipment, electric filters to reduce pollutant emissions, and a modern automated process control system.
The commissioning of power unit No. 1 will create new jobs, with approximately 400 specialists expected to be recruited. Additionally, the increased capacity of the power plant will have a multiplying effect on the development of other sectors of the economy.
Overall, the implementation of the project will ensure stable and reliable energy supply for consumers and industrial enterprises, help address the electricity shortage, and mark an important step toward ensuring the country’s energy independence.
“Samruk-Energy” JSC has launched its Information Monitoring Center, with the opening ceremony attended by Nurlan Zhakupov, Chairman of the Board of “Samruk-Kazyna” JSC; Almassadam Satkaliyev, Minister of Energy of the Republic of Kazakhstan; and Nabi Aitjanov, Chairman of the Board of “KEGOC” JSC.
The center has been established to monitor and analyze the dynamics of production indicators, maintenance activities, and the current operational parameters of key equipment at power plants and power grids. This enables the prompt implementation of necessary management decisions. Data on more than 70 production metrics are transmitted to the center from Samruk-Energy’s subsidiaries in real-time.
A significant advantage of the implemented information system is its capability to evaluate the fulfillment of planned performance indicators and to generate various types of reports efficiently.
Timely access to up-to-date information on equipment status and production volumes from subsidiaries will facilitate more efficient management and control of power plants and power grids while ensuring swift adjustments to their operations as needed.
A ceremonial event dedicated to the Power Engineer's Day was held at “Samruk-Energy” JSC. In his welcome speech, Kairat Maxutov, Chairman of the Board of “Samruk-Energy” JSC, congratulated the employees of the group on their professional holiday and expressed gratitude to them for their selfless work and dedication to their work.
The event was attended by Chairman of the Board of “Samruk-Kazyna” JSC Nurlan Zhakupov, Vice Minister of Energy of the Republic of Kazakhstan Sungat Yesimkhanov, General Director ofKazenergy Association Zhandos Nurmagambetov, Chairman of the Kazakhstan Electric Power Association Talgat Temirkhanov. They noted the key role of Samruk-Energy in the development of the country's energy sector and presented departmental awards, certificates of honor and letters of thanks to the best power engineers of the company.
In total, more than 250 employees of the Samruk-Energy group of companies were awarded for the Power Engineer's Day. Among them, 32 people have worked in the energy sector for more than 30-40 years.
The head of Samruk-Energy, Kairat Maxutov, also presented diplomas and certificates to the winners of the "Uzdik ondiris mamany" competition, which was held for the first time among production staff of the company's subsidiaries.
The solemn event ended with a concert featuring famous artists and talented employees of the group of companies.
"Samruk-Energy" JSC has secured the top position in PwC Kazakhstan's ESG Disclosure Rating for 2023, outperforming 98 Kazakhstani companies. For the first time in the history of the rating, the company was awarded the record-breaking highest grade, "A+," which aligns with the best international standards.
The rating, based on 148 criteria, evaluates the quality of information disclosure across five key areas: sustainable development strategy, corporate governance, society, environment, and reporting practices. Additional points are granted for clarity, timeliness, and the quality of information presentation.
Samruk-Energy also won in the following additional rating categories:
Best corporate governance disclosure;
Best sustainable development strategy disclosure;
Best ESG information disclosure in the energy sector.
This recognition reflects the company's efforts to enhance transparency and improve the quality of disclosures in environmental, social, and corporate governance areas. Samruk-Energy's leading position in PwC Kazakhstan's rating reaffirms its role in achieving strategic sustainable development goals.
We remain committed to contributing to Kazakhstan's sustainable future!
