Message оf the Chairman of “Samruk-Energy” JSC Board of Directors
Best regards, Kazutin
Nikolay Yurevich
Chairman of “Samruk-Energy” JSC
Board of Directors

Dear reader!

The Annual Report presented to your attention contains detailed information on operations in 2021 of the leading player in the electricity market of our country – “Samruk-Energy” JSC.

The company holds a strategic position in energy system of Kazakhstan. “Samruk-Energy” JSC holding company comprises the flagships of the domestic power industry – Ekibastuz SDPP-1 and SDPP-2, the largest open-pit mines of Ekibastuz coal basin, Almaty power plants complex and power networks, renewable energy facilities, hydropower plants. At the end of 2021, “Samruk-Energy” JSC group’s share in electricity generation of Kazakhstan amounted to circa 31.1%. The Company increased the production of electricity to 35,609.3 bn kWh, which is 13.5% higher than 2020 figures. The volume of coal production in 2021 amounted to 44,632 mln tons, which is 2,572 tons or 6.1% higher than the plan. These are results of work of thousands of employees of a large holding company, whose high-level expertise lays the groundwork for the reliable operation of the country's energy system and ensures a stable supply of electricity to consumers.

Apart from performing key production tasks, “Samruk-Energy” JSC efforts in 2021 were associated with improvement of financial well-being of the company, implementing activities aiming to reduce adverse environmental impact, strengthening the work in workplace injuries and implementing investment projects in the country's energy sector.

The launch of some innovative mechanisms at the holding company had a positive result, which enabled to centrally manage the cash flows of the group of companies, make the better use of internal resources and reduce the borrowing rate. It is worth noting that despite a number of familiar external negative factors, the financial soundness indicators of “Samruk-Energy” JSC group are stable.

In 2021, “Samruk-Energy” JSC, with the support of “Samruk-Kazyna” JSC, continued working towards expansion of electrical capacities. This involves the implementation of essential investment projects for the industry associated with rehabilitation of power unit at Ekibastuz SDPP-1, construction of a new unit at Ekibastuz SDPP-2, cyclical-and-continuous technology for mining and transporting coal at the Bogatyr open-pit mine. In the northern and southern regions of the country, phased activities on building RE facilities are underway in the northern and sourthern regions of the country.

Kazakhstan, like the entire world, embarks on the next phase of energy transition to the widespread use of alternative energy sources. Global trends towards the transition to a "green economy" and the growing ESG requirements of stakeholders are also challenges for “Samruk-Energy” JSC. In this connection, the event that happened at the end of the year should not be left unmentioned – the Company’s Board of Directors approved the new Development Strategy for the next 10 years. Among other matters, the document involves plans for the development of "green" energy. The development strategy of a major Kazakhsani power holding company pays due regard to the state policy in strategic planning of the national energy security system and is in line with key strategic directions, goals and objectives of “Samruk-Kazyna” JSC.

All of the above-mentioned proves that the largest domestic power holding company is developing and moving in the right direction. "Samruk-Energy" JSC considers itself as an efficient high-tech operating energy company with high social and environmental responsibility – the leader in the energy sector of Kazakhstan. In this vein, I would like to wish it achieve the highest possible performance in all its endeavours! Health, prosperity, great victories – to all “Samruk-Energy” JSC employees, partners and friends!