On January 30, 2024, Maxutov Kairat Berikovich, Chairman of the Board of “Samruk-Energy” JSC, arrived in Akmola region for a business trip. During the visit, the head of the power company met with the Akim (governor) of the region, Marat Muratovich Akhmetzhanov, to discuss the implementation of the "Construction of Kokshetau CHP" project.

During the meeting, the parties reviewed the outcomes of the project's feasibility study and underscored the need to modify the city’s heat supply scheme, considering the future development and construction of a new energy facility. The primary focus of the discussion was addressing the shortage in electricity and heat within the region.

Kairat Maxutov highlighted that, as per the Memorandum signed between the Ministries of Energy of the Republic of Kazakhstan and the Russian Federation, Samruk-Energy JSC is entrusted with project implementation on the Kazakh side, with Inter RAO-Export LLC authorized on the Russian side. “Samruk-Energy” JSC will serve as the customer, retaining full ownership of the station, while Inter RAO-Export will act as the general contractor and assist in organizing preferential financing for the construction.

Additionally, discussions covered the selection of the future thermal power plant's location and the necessary supply infrastructure.

On January 27, 2024, Maxutov Kairat Berikovich, the Chairman of the Board at "Samruk-Energy" JSC, conducted a business trip to Shulbinsk HPP. During the visit, he received updates on the current operations of the facility and observed the ongoing refurbishment of hydraulic unit No. 5. Briefings included information on the forthcoming construction of the second phase of Shulbinsk HPP, a project set to enhance the plant's capacity to 1350 MW.

Following the visit, Chairman Maxutov Kairat Berikovich instructed the timely completion of the overhaul for hydraulic unit No. 5. Additionally, he mandated the development of a comprehensive roadmap for the implementation of the second phase construction project at Shulbinsk HPP.

On January 26, 2024, Kairat Maxutov, the Chairman of the Board of "Samruk-Energy" JSC, visited the company's enterprises located in the East Kazakhstan region for official business engagements. The head of the energy-producing holding company visited the Ust-Kamenogorsk HPP, where he gained insights into the ongoing operations of the facility.

 During the visit, plans were discussed for the overhaul of hydroelectric unit No. 2 and upgrade the fourth hydroelectric unit to increase the power output of the HPP to 380 MW. These steps are geared towards improving the efficiency of our energy operations and ensuring a steady energy supply to the region.

Based on the results of the meeting with the management and specialists of the Ust-Kamenogorsk HPP, the Chairman of the Board laid out specific instructions for the further development of the enterprise.

On January 26, 2024, a meeting was convened with East Kazakhstan Region Akim (mayor), Kosherbaev Y.B., to address the construction of a thermal power plant in Ust-Kamenogorsk. Attended by top officials from the East Kazakhstan Akimat (mayor administration) and “Samruk-Energy” JSC management team, the discussion highlighted the imperative to commence and conclude a feasibility study within the current year. Consideration was also given to calculating the electrical and thermal capacity of the future station, aligning with the city's upcoming development. Final parameters and construction costs will be determined post-approval of the feasibility study.

Furthermore, the meeting addressed issues such as selecting a suitable site for the placement of the thermal power plant, the need for adjustments to the city's heat supply scheme, and the development of engineering infrastructure and heating networks.

Subsequent to the meeting, a decision was reached to establish a collaborative working group comprising representatives from Samruk-Energy and the East Kazakhstan Akimat. This group is tasked with swiftly formulating an Action Plan for project implementation.

On January 17, 2024, in anticipation of Head of State Kassym-Jomart Tokayev's visit to Italy, a meeting convened involving Kairat Maxutov, Chairman of the Board of “Samruk-Energy” JSC, Fabrizio Fabbri, General Director of Ansaldo Energia S.p.A, and executives from Cassa Depositi e Prestiti.

On January 18, 2024, on the sidelines of the Kazakh-Italian round table, with the participation of Head of State Kassym-Jomart Tokayev, a Cooperation Agreement was formally executed between “Samruk-Energy” JSC and Ansaldo Energia. This agreement operates within the framework of energy projects, notably the "Reconstruction of Almaty CHP-3" featuring a CCGT unit with a capacity of up to 450 MW. The envisioned reconstruction of Almaty CHP-3 involves the establishment of a new power plant, offering significantly increased power capacity and operational flexibility. The executed document solidifies the unequivocal commitment of both parties to fortify a mutually beneficial partnership for the successful implementation of existing and potential projects.

The agreement encompasses collaborative efforts in energy project implementation, entailing coordinated actions for timely initiation, including equipment supply, maintenance organization, and service provision. Under the ratified agreement, Ansaldo Energia is committed to sharing its extensive experience in energy project implementation and fostering the exchange of knowledge, along with advanced training for local personnel.

Ansaldo Energia stands at the forefront of the international energy generation equipment market, employing an integrated model spanning power plant construction, production, service, and energy equipment supply. Notably, Cassa Depositi e Prestiti holds an 88% stake in Ansaldo Energia.

Until 2035, “Samruk-Energy” JSC aims to execute investment initiatives to introduce over 12 GW of new power generation capacities in Kazakhstan's energy sector, as revealed by Kairat Maxutov, Chairman of the Board, during a government meeting in the Republic of Kazakhstan. The outlined projects encompass 5.9 GW in thermal plants, 600 MW in hydropower plants, and 5.7 GW in renewable energy facilities, comprising wind and solar power plants. Maxutov highlighted that several projects would be undertaken collaboratively with strategic investors.

Maxutov's report detailed ongoing projects, specifically the construction of combined cycle gas turbine units at Almaty CHP-2 and CHP-3. Almaty CHP-2 project involves a new gas station with 557 MW electrical capacity and 816 Gcal thermal capacity, costing 330 bn. tenge based on the EPC contract. Meanwhile, the Almaty CHP-3 project envisions a CCGT unit with 544 MW electrical capacity and 160 Gcal thermal capacity, with a project cost of 273 bn. tenge according to the feasibility study. Maxutov assured that both CHP-2 and CHP-3 projects are fully funded, with construction sites in preparation and geological surveys underway.

Furthermore, Maxutov discussed plans for constructing new thermal power plants in three Kazakh cities. A memorandum of cooperation signed in November 2023 involves the construction of thermal power plants in Kokshetau (240 MW), Semey (360 MW), and Ust-Kamenogorsk (360 MW). Samruk-Energy and Russia's INTER RAO Export are designated as authorized organizations for project implementation. Feasibility studies for Kokshetau have been completed, Semey's study will be ready in March, and Ust-Kamenogorsk's study is scheduled for completion by the end of 2024. The construction of these thermal power plants is slated for 2027-2028.

The project portfolio of “Samruk-Energy” JSC also encompasses several hydroelectric projects, including the Kerbulak hydropower station (50 MW) on the Ili River, Semey HPP (up to 300 MW) on the Irtysh River, and HPP 29 (70 MW) on the Shelek River. Pre-project documentation is in progress, along with coordination with local executive bodies for land acquisition.

Moreover, the company is actively engaged in renewable energy projects with a total capacity of 5 GW. The SDPP-3 project involves constructing a new station with a capacity of 1320 MW, featuring two power units of 660 MW each.

“Samruk-Energy” JSC’s management team led by Chairman of the Board K.B. Maxutov, conducted a visit to Semey city. An extensive meeting took place at the regional mayor's administration (akimat), with the participation of Regional Mayor Urankhaev N.T. and heads of various Akimat divisions. The discussions primarily focused on advancing the "Construction of a thermal power plant in Semey" project. Specific attention was given to the necessity of completing the feasibility study and formulating a heat supply scheme for Semey city. This scheme would factor in the construction of the new thermal power plant and consider the city's future development prospects.

A mutual decision was reached to establish a collaborative Working group and endorse a comprehensive Roadmap for project implementation.

A delegation from “Samruk-Energy” JSC, led by Chairman of the Board Maxutov Kairat Berikovich, visited the Ekibastuz energy hub enterprises. While at Ekibastuz SDPP-1, the Company's management observed the ongoing restoration work on power unit No. 1. Additionally, updates were provided on the progress of the Autumn-Winter Period (AWP), fuel reserves, and the current status of fuel supply facilities. Following the visit to SDPP-1, a working meeting was conducted, addressing both the implementation of ongoing and future investment projects.

Similarly, during the visit to Ekibastuz SDPP-2, a working meeting took place, featuring progress reports on the AWP and the status of investment project implementations. Specific instructions were issued to the management of SDPP-1 and SDPP-2 based on the outcomes of these meetings, emphasizing the need for continuous station operation and the timely execution of measures related to investment projects.

Samruk-Kazyna signed collaborative agreements in the energy sector with Russian counterparts.

In the course of the official visit of the Head of State to St. Petersburg, Nurlan Zhakupov, Chairman of the Board of “Samruk-Kazyna” JSC, engaged in discussions with Sultan Yakhyaev, Chairman of the Board of Directors at "Firm ORGRES" LLC, and Maxim Sergeev, General Director of Inter RAO - Export LLC.

These discussions culminated in the signing of cooperation agreements between ”Samruk-Kazyna” JSC and Inter RAO - Export LLC. The agreements focus on the implementation of projects involving the construction of three thermal power plants in Kokshetau, Semey, and Ust-Kamenogorsk cities. Additionally, collaboration was established between “Samruk-Energy” JSC and LLC "ORGRES Firm" for the construction of power units No. 3 and No. 4 at Ekibastuz SDPP-2, utilizing Russian equipment.

Both parties expressed mutual interest in partnering on energy-related matters and highlighted the significance of exchanging insights in the realm of infrastructure development.

Today, Nurlan Zhakupov, the Chairman of the Board of “Samruk-Kazyna” JSC, paid a visit to the head office of “Samruk-Energy” JSC, the largest Kazakhstani electric power holding company, and extended congratulations to the energy professionals within the Fund's portfolio company on their professional holiday.

In his address to the company's staff, the head of “Samruk-Kazyna” Fund spoke highly of the role and significance of “Samruk-Energy” JSC in shaping the country's energy security and executing crucial investment projects vital to the Republic's economy. As noted by Nurlan Zhakupov, the dedicated efforts of Kazakhstani energy professionals provide a solid foundation for the lives of millions of fellow citizens and ensure the uninterrupted operation of enterprises across all sectors of the economy.

During the event, the Chairman of the Board of “Samruk-Kazyna” JSC awarded Certificates of Honor and Letters of Appreciation from the Fund to standout employees of “Samruk-Energy” JSC. Among the company's employees who achieved the best performance indicators were Gaukhar Zharmanova, Senior manager of  Legal Support Department; Galymbek Autalipov, Director of  Generation and Fuel Department; Oleg Kvon, Director of Asset Management Department; Madina Aisarieva, Director of Corporate Governance and Sustainable Development Department; Erkebulan Sarsembekov, Chief Auditor of the Internal Audit Service; Ruslan Tulegenov, Senior manager of the Strategy and Economic Analysis Department; Sultan Mukaev, Director of  Treasury and Corporate Finance Department; Erzhan Dyusenov, Director of  Market Analysis and Development Department.

In response, Kairat Maxutov, the Chairman of the Board of “Samruk-Energy” JSC, expressed gratitude to “Samruk-Kazyna” Fund and its management for congratulations and the comprehensive support extended in implementing nationally significant projects in the country's energy sector. According to Kairat Maxutov, with the assistance of “Samruk-Kazyna” Fund, the company is actively working to establish a highly efficient energy supply system, ensuring the sustainable development of all sectors of the republic's economy.

As highlighted by the Chairman of the Board of “Samruk-Energy” JSC, today, thanks to the productive and constructive efforts of every employee within the holding's Group of Companies, crucial projects are being successfully implemented at the company's facilities in the Ekibastuz and Almaty energy complexes.

After extending congratulations to the company's energy professionals and conducting a formal award ceremony, a meeting took place, involving executives from both “Samruk-Kazyna” JSC and “Samruk-Energy” JSC. During this session, the head of “Samruk-Kazyna” Fund received a comprehensive report detailing the performance outcomes of “Samruk-Energy” JSC over 11 months of 2023.