Privatization

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The Decree of the Government of the Republic of Kazakhstan dated April 11, 2017 No. 194 “On Amendments to the Resolution of the Government of the Republic of Kazakhstan dated December 30, 2015 No. 1141” “On some issues of privatization for 2016-2020” (hereinafter - the Resolution) provides to the group organizations of Samruk-Energy JSC a transfer to the competitive environment.

In pursuance of the Resolution of Samruk-Kazyna National Wealth Fund JSC, the List of major assets proposed for transfer to the competitive environment on a priority basis was approved.

The List includes the following assets of Samruk-Energy JSC:

ажк
“Alatau Zharyk Company” JSC

Electricity transmission and distribution

алэс
“Almaty Power Plants” JSC

Production and sale of electricity and heat to consumers of Almaty city and Almaty region

алматыэнергосбыт
“AlmatyEnergoSbyt” LLP

Power supply to Almaty city and Almaty region consumers

мангышлак
“Tegis Munay”  LLP, including “Mangyshlak Munay”  LLP

Geological exploration, mining and processing of mineral resources.

The assets are sold in accordance with the Unified Rules for the sale and restructuring of Samruk-Kazyna National Wealth Fund JSC assets and organizations, more than 50% of voting shares (participations) of which are directly or indirectly owned by Samruk-Kazyna JSC (hereinafter - Rules).

In accordance with the Rules, the sale of assets will be carried out with assistance of independent consultants attracted for valuation, methods and conditions of the sale of assets.

The procedure of the documentation review regarding to the asset being sold.

To obtain the most complete access to financial and other documents of companies to be sold in a competitive environment, it is necessary to gain access to an electronic database of documents, which is located in the virtual information room (data room).

To gain access to the electronic database of documents, it is necessary to conclude a nondisclosure agreement with Samruk-Energy JSC, get a login and password to enter the virtual information room.

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Transformation

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You may send all questions and suggestions concerning “Transformation in “Samruk-Energy” JSC” program by email: This email address is being protected from spambots. You need JavaScript enabled to view it. We will be glad to answer any question you may have!

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Business Transformation is a program of large-scale changes in the company’s operations through automation, optimization and elimination of some processes, as well as creating other processes aimed at improving business efficiency. Transformation is a complex and lengthy process of change both in form and content, the final aim of which is to increase the value of Company’s shares.

As you know, today’s life is full of challenges entailed by economic crisis and integration processes. "Samruk-Kazyna" JSC groups of companies represents the interests of the state by controlling a number of major energy assets. The Fund has developed a program of large-scale transformation of its activities and the activities of controlled portfolio companies in order to provide the necessary increase in the efficiency of investment and operating activities. This program lays the foundation and the general principles for the transformation of the entire "Samruk-Kazyna" JSC group including the Fund and portfolio companies.

The Government will receive more competitive enterprises in terms of operating profitability, capital efficiency and return on invested capital. As a result of transformation program, the company will focus on business areas with high potential for value creation, improve job performance and achieve the level of their global peers in terms of these parameters. New world class production facilities will be created in the framework of implementation of successful investment projects, this will enable to increase payments to the state budget (in the form of dividends and taxes), contribute to the development of infrastructure and finally, will significantly improve the quality of services delivered by the “Samruk-Kazyna” JSC companies.

a) standardization and optimization of business processes and structures, the use of best practices, identifying and eliminating inefficiencies; b) improving the operating efficiency through the introduction of performance indicators in each business process and conducting systematic measurements both at the operational and at the top level of management; c) creation of an optimal reporting system based on performance indicators; g) creation of a single information space and an integrated management system.

• processes - formation of uniform, transparent, standardized process model that describes the operations of the fund and subsidiaries. • People - analysis and improvement of skills and competencies of people needed to perform new tasks. • Technology - the definition of the prerequisites for process automation activities. All three areas are essential for successful implementation of the program

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THE KEY POINT ABOUT TRANSFORMATION

 World practice demonstrates the success of companies that faced the rapidly changing market conditions, the development of information technologies, intensified competition and other factors, were urged to draw their focus toward transformation of business environment. The effect from implementation of Transformation program at international corporations today is already evident.

 “Samruk-Energy” JSC shareholder set a task, as part of transformation, of  channeling efforts towards introduction of the new methods of company  management, increasing transparency of current business processes and more efficient asset management which will increase its intrinsic value. It will be possible to change the structure of the portfolio and approach to investment as well as review the distribution of powers and responsibilities when addressing the tasks set.

 The holding approved the Portfolio of Projects for 2017-2021, the Forecast Financial Indicators of Transformation Program for 2017-2021 and the Road Map for 2017 in May 2017 at the meeting of the Council for Modernization of “Samruk-Energy” JSC.

 In March 2017 "SWF “Samruk-Kazyna" JSC announced the start of the third stage “Introduction”.  During this stage, the Company has begun to directly implement the Transformation Program and already demonstrates the first results.

HISTORY OF THE PROGRAM

Stage 0. MOBILIZATION (February-June 2015)

KEY RESULTS:

  • The team was formed
  • Basic documents of Transformation program were developed
  • The team was trained

Stage 1. DIAGNOSTICS AND DESIGN (07. 2015-08. 2016)

KEY RESULTS:

  • Development of operating model of “Samruk-Energy” JSC
  • Detailed elaboration of 800 business processes
  • Development of “Samruk-Energy” JSC KPI tree
  • Development of target model of staff competencies
  • Development of target IT structure

Stage 2. PLANNING (09.2016-03.2017)

KEY RESULTS:

  • Transformation program projects portfolio
  • Strategic IT plan
  • Transit IT architecture
  • Transformation projects business cases
  • With regard to the project “Release of inventories residuals after projects”, the benefit of 4, 9 bln.tenge was obtained in 2016.

Stage 3. IMPLEMENTATION (beginning of March 2017 – underway)

KEY RESULTS FOR 2017:

  • The project "Introduction of the new strategic planning and performance management model” was completed
  • The new model of information security ensuring and management system was introduced at the Corporate Center
  • “Development of sales processes and introduction of trading processes” pilot was launched on the basis of Trade house as part of project implementation
  • The prototype of Integrated Planning System was tested at “Ekibastuz SDPP-1” JSC.
  • Target organizational structure of “Ekibastuz SDPP-1” JSC was developed.
  • Job-matching procedure was conducted at the Head office.

ORGANIZATIONAL STRUCTURE OF TRANSFORMATION

 To manage Transformation Program, an Office has been set up which is responsible for methodological support of the Program, monitoring of deadlines, risk management and informing all stakeholders about progress of the Program’s implementation

These directions are assigned to the following units in Transformation Team:

  • CMG - Change Management (human resources)
  • TIM - Information Technology Unit (Technology)
  • PMO-Control and achievement of goals set within the expected time frame and allocated budget.

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Charity project Zhenis

Samruk-Kazyna group of companies is implementing the social and charitable project "Zhenis" to help veterans of the great Patriotic war
Within the framework of the "Zhenis" project, targeted assistance was provided in the form of cash envelopes, household assistance, organization of gala dinners and concerts for 4,000 veterans of the great Patriotic war and home front workers.

Полную информацию о проекте «Жеңіс» можно найти на сайте www.sk-trust.kz

News of the Zhenis project

Information about available vacant positions

“Samruk-Energy” JSC team is a team of professionals, which is a vital link and the most important resource in achieving the strategic objectives of the Company, the foundation of success and the key to its sustainable development in the future.
To ensure the quality of personnel, the Company implements procedures for competitive selection of candidates for vacant positions that provide equal opportunities for all candidates participating in the competitive selection.
The competitive selection process include testing of candidates to assess the level of Kazakh and English languages proficiency, determine professional knowledge, as well as the holding of competency-based interviews and an interview with the Competition Committee.
In order to maintain transparency of competitive selection process, job openings at the Company are posted on a single platform of vacancies SAMRUK QYZMET

The annual calendar of corporate events

Corporate Events Calendar is not an official document. Specified terms and nature of events are subject to change due to circumstances beyond the Company's control.

No.

Corporate events (activities)

Date of the event

1.      

Payment of coupon interest under the prospectus of the third issue of local bonds

May 30 – June 13

2.      

Payment of coupon interest under the prospectus of the third issue of local bonds

November 30 - December 14

3.      

The decision of the sole shareholder on approval of the annual financial statements of JSC Samruk-Energy for 2023, the procedure for distributing net income for the reporting year, making a decision on the payment of dividends on ordinary shares and the amount of dividend for the year per ordinary share

April - May

4.      

Submission of annual consolidated financial statements for 2023 by Kazakhstan Stock Exchange JSC

Until June 1st

5.      

Information on affiliates of a listed company as of the first day of the month following the last expired calendar quarter

Quarterly, but not later than the last calendar day of the first month following the last expired calendar quarter

6.      

Information on the total amount of remuneration of members of the executive body of a joint-stock company based on the results of 2023

May-July

7.      

Audited consolidated financial statements for 2023 by Kazakhstan Stock Exchange JSC

Until July 1st

8.      

Provision of interim consolidated financial statements by JSC Kazakhstan Stock Exchange

Within 45 days after the end of the reporting quarter

9.      

Submission to JSC "Kazakhstan Stock Exchange" of the annual report of JSC "Samruk-Energy" for 2023

Until August the 1st

10.  

Distribution of press releases as information/corporate events arise within the framework of the activities of JSC Samruk-Energy

Regularly throughout the year

No.

Corporate events

Date

1.      

Coupon payment on the prospectus of the third issue of local bonds

May 30 – June 13

2.      

Coupon payment on the prospectus of the third issue of local bonds

November 30 - December 14

3.      

Decision of the sole shareholder on approval of the annual financial statements of Samruk-Energy JSC for 2022, the procedure for distributing net income for the reporting year, making a decision on the payment of dividends on ordinary shares and the amount of dividend for the year per one ordinary share

April - May

4.      

Provision of Kazakhstan Stock Exchange JSC with annual consolidated financial statements for 2022

Until June 1st

5.      

Information about affiliated persons of the listed company as of the first day of the month following the last expired calendar quarter

Quarterly, but no later than the last calendar day of the first month following the last expired calendar quarter

6.      

Information on the total amount of remuneration of members of the executive body of the joint-stock company based on the results of 2022

May-July

7.      

Provision of Kazakhstan Stock Exchange JSC with annual audited consolidated financial statements for 2022

Until July 1st

8.      

Provision of Kazakhstan Stock Exchange JSC with interim consolidated financial statements

Within 45 days after the end of the reporting quarter

9.      

Provision of JSC "Kazakhstan Stock Exchange" annual report of JSC Samruk-Energy for 2022

Until August the 1st

10.  

Distribution of press releases as information/corporate events arise within the framework of the activities of Samruk-Energy JSC

Regularly throughout the year

No.

Corporate events

Date

1.      

Coupon payment on the prospectus of the first issue of local bonds

February 23 - March 09

2.      

Coupon payment on the prospectus of the first issue of local bonds

23 - September 06

3.      

Coupon payment under the prospectus of the second issue of local bonds

14 March – 28 March

4.      

Coupon payment under the prospectus of the second issue of local bonds

June 14 - June 28

5.      

Coupon payment under the prospectus of the second issue of local bonds

September 14 - September 28

6.      

Coupon payment under the prospectus of the second issue of local bonds

December 14 - December 28

7.      

Coupon payment on the prospectus of the third issue of local bonds

May 30 – June 13

8.      

Coupon payment on the prospectus of the third issue of local bonds

November 30 - December 14

9.      

Decision of the sole shareholder on approval of the annual financial statements of Samruk-Energy JSC for 2021, the procedure for distributing net income for the reporting year, making a decision on the payment of dividends on ordinary shares and the amount of dividend for the year per one ordinary share

April - May

10.  

Provision of Kazakhstan Stock Exchange JSC with annual consolidated financial statements for 2021

Until June the 1st

11.  

Information about affiliated persons of the listed company as of the first day of the month following the last expired calendar quarter

Quarterly, but no later than the last calendar day of the first month following the last expired calendar quarter

12.  

Provision of Kazakhstan Stock Exchange JSC with annual audited consolidated financial statements for 2021

Until July the 1st

13.  

Provision of Kazakhstan Stock Exchange JSC with interim consolidated financial statements

Within 45 days after the end of the reporting quarter

14.  

Provision of JSC "Kazakhstan Stock Exchange" annual report of JSC Samruk-Energy for 2021

Until August the 1st

15.  

Distribution of press releases as information/corporate events arise within the framework of the activities of Samruk-Energy JSC

Regularly throughout the year

No.

Corporate events

Date

1.       

Coupon payment on the prospectus of the first issue of local bonds

February 23 - March 09

2.       

Coupon payment on the prospectus of the first issue of local bonds

23 - September 06

3.       

Coupon payment under the prospectus of the second issue of local bonds

14 March – 28 March

4.       

Coupon payment under the prospectus of the second issue of local bonds

June 14 - June 28

5.       

Coupon payment under the prospectus of the second issue of local bonds

September 14 - September 28

6.       

Coupon payment under the prospectus of the second issue of local bonds

December 14 - December 28

7.       

Coupon payment on the prospectus of the third issue of local bonds

May 30 – June 13

8.       

Coupon payment on the prospectus of the third issue of local bonds

November 30 - December 14

9.       

Decision of the Sole Shareholder on approval of the annual financial statements of Samruk-Energy JSC for 2020, the procedure for distributing net income for the reporting year, making a decision on the payment of dividends on ordinary shares and the amount of dividend for the year per one ordinary share

April - May

10.   

Provision of Kazakhstan Stock Exchange JSC with annual consolidated financial statements for 2020

Until June the 1st

11.   

Information about affiliated persons of the listed company as of the first day of the month following the last expired calendar quarter

Quarterly, but no later than the last calendar day of the first month following the last expired calendar quarter

12.   

Provision of Kazakhstan Stock Exchange JSC with annual audited consolidated financial statements for 2020

Until July the 1st

13.   

Provision of Kazakhstan Stock Exchange JSC with interim consolidated financial statements

Within 45 days after the end of the reporting quarter

14.   

Provision of JSC "Kazakhstan Stock Exchange" annual report of JSC Samruk-Energy for 2020

Until August the 1st

15.   

Distribution of press releases as information/corporate events arise within the framework of the activities of Samruk-Energy JSC

Regularly throughout the year

«Samruk-Energy» today

“The Company faces the challenge of creating a balanced development model that includes the optimal ratio of energy supply to domestic consumers and exports, while combining high economic efficiency, innovative development and advanced standards of social responsibility.”

Zhulamanov Bakitzhan Tolevzhanovich

Chairman of the Management Board of «Samruk-Energy» JSC

Main products:

Electricity production

Heat production

Transmission and distribution of electricity

Production of steam coal

Production capacity

As of January 1, 2024, the installed capacity of “Samruk-Energy” JSC power plants was 7 345 MW, representing 29,8% of the total installed capacity of the Unified Power System of Kazakhstan.
Electricity production for the first nine months of 2024 amounted to 29,29 bn. kWh, with “Samruk-Energy” JSC accounting for 33,8% of the total electricity generation in Kazakhstan.
Coal production over the same period reached 31.2 mln. tons, with the Company’s share of total coal production in Kazakhstan standing at 40,1%.
The volume of heat delivered by “Samruk-Energy” JSC power plants for the first nine months of 2024 was 3.8 mln. Gcal.

The length of 0,4 - 220 kV PTL, km:

24 914,84 km

Overhead PTL

5 325,55 km

Cable PTL

30 240 km

Total PTL length

 

Data on 220 kV and below substations:

8 pcs.

PS-220 kV

94 pcs.

PS-110 kV

106 pcs.

PS-35 kV

7024 pcs.

TP-6-10/0.4 kV

 

150 pcs.

RP

2 925,37МВА

Power of RP/TP

10 270,53 МВА

Full power

Key markets

Amendments to the Law “On Power industry” introduced on July 1, 2023

Effective from July 1, 2023, amendments to the Law “On Power industry” came into force, regulating the mechanism of the wholesale electricity market by introducing a single electricity purchaser and a real-time balancing market.
The target market model provides for a transition to centralized buying and selling of planned electricity volumes by the Single Electricity Purchaser. Consequently, the planned electricity volumes produced by Samruk-Energy’s power generation companies are sold to the Single Electricity Purchaser. In parallel, wholesale electricity market consumers purchase electricity from the Single Electricity Purchaser.

Deviations from the daily production-consumption schedule of electricity are traded on the real-time balancing electricity market, operated by the Balancing Market Settlement Center.

The energy coal produced by “Bogatyr Komir” LLP is sold domestically in Kazakhstan and exported to the Russian Federation.

Akylov Nariman Beketovich

The Ombudsman of «Samruk-Energy» JSC

According to the Regulation on the Ombudsman (hereinafter - the Regulation) of “Samruk-Energy” JSC (hereinafter - the Company), the Ombudsman is a person appointed by the Board of Directors of the Company whose role is to advise the employees of the Company approaching him and assist in resolving labor disputes, conflicts, problematic issues of a social and labor nature, as well as to ensure that the Company's employees comply with the principles of business ethics.

In accordance with the Regulation, the main functions of the Ombudsman include ensuring the compliance of the Company’s employees and officials with the Code of Business Conduct of the Company and clarification of its provisions, assisting employees and officials of the Company in preventing and resolving corporate conflicts and conflicts of interest, helping employees and officials of the Company in reporting about unlawful actions in the Company.

 At the same time, according to paragraph 15 of the Regulation, the Ombudsman shall be obliged to ensure the anonymity of an employee, an official who approached him about violation of the provisions of the Code of Business Conduct, statutory provisions of the Republic of Kazakhstan and the internal documents of the Company.

Please contact the Ombudsman's telephone number (7172) 55-30-15; +7-701-788-84-16  (Akylov Nariman Beketovich) and also by email  This email address is being protected from spambots. You need JavaScript enabled to view it. for written requests about unlawful actions of officials and other employees of the Company.

The sole shareholder of the Samruk-Energy JSC is “Sovereign Wealth Fund "Samruk-Kazyna” JSC.
"Sovereign Wealth Fund “ Samruk-Kazyna” joint-stock company was established to improve the competitiveness and sustainability of national economy, as well as to prevent factors of possible adverse changes in the world markets influencing the economic growth in the country.
The key purpose of the Fund is to manage shares (equity stakes) of national development institutions, national companies and other legal entities that belong to it on the right of ownership to maximize their long-term value and competitiveness in the world markets.

Detailed information is available on the website www.sk.kz