Strengths and weaknesses of Samruk-Energy JSC in the competitive environment in the electricity market
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Strengths |
Weaknesses |
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ELECTRICITY PRODUCTION OVER TIME BY ENERGY PRODUCING ORGANIZATIONS OF “SAMRUKENERGY” JSC,bn kWh
"SAMRUK-ENERGY" JSC SHARE IN THE GENERAL ELECTRICITY PRODUCTION ACROSS THE RK FOR 2021
Operational KPI (broken down by producers)
|
Subsidiary and affiliate name |
2019 |
2020 |
2021 |
Deviation of 2021 vs. 2020 |
2022 (forecast) |
2023 (forecast) |
|
Electricity production volume, mln kWh |
||||||
|
“Almaty Power Plants” JSC |
5,397.4 |
5,335.1 |
5,008.4 |
94% |
5,165.9 |
5,165.9 |
|
“Ekibastuz SDPP-1” LLP |
18,301.5 |
19,466.4 |
22,788.4 |
117% |
20,787.3 |
20,927.1 |
|
“Ekibastuz SDPP-2 Plant” JSC |
4,928.5 |
4,974.2 |
6,433.4 |
129% |
6,002.0 |
6,001.3 |
|
“Shardara HPP” JSC |
464.8 |
513.5 |
455.8 |
89% |
500.0 |
537.0 |
|
“Moynak HPP” JSC |
951.5 |
929.5 |
758.3 |
82% |
814.0 |
906.0 |
|
“Samruk-Green Energy” LLP |
3.3 |
7.4 |
20.5 |
278% |
20.7 |
20.7 |
|
“First Wind Power Plant” LLP |
153.3 |
159.4 |
144.6 |
91% |
159.0 |
175.3 |
|
“Ereymentau Wind Power”, LLP |
|
|
|
|
18.0 |
193.5 |
|
“Energiya Semirechiya”, LLP |
|
|
|
|
61.0 |
243.8 |
|
Total |
30,200.3 |
31,385.4 |
35,609.3 |
113% |
33,527.9 |
34,170.7 |
|
Electricity volume, mln kW |
||||||
|
“Almaty Power Plants” JSC |
4,725.4 |
4,689.1 |
4,425.0 |
94% |
4,682.1 |
4,764.0 |
|
“Ekibastuz SDPP-1” LLP |
17,642.5 |
19,001.0 |
22,496.1 |
118% |
20,983.8 |
21,557.4 |
|
incl. export |
966.6 |
859.2 |
400.3 |
|
|
|
|
“Ekibastuz SDPP-2 Plant” JSC |
4,689.5 |
4,809.3 |
6,336.4 |
132% |
6,016.4 |
6,121.5 |
|
Incl.export |
|
|
191.8 |
|
|
|
|
“Shardara HPP” JSC |
466.2 |
521.3 |
468.0 |
90% |
521.4 |
570.6 |
|
“Moynak HPP” JSC |
952.3 |
943.7 |
780.9 |
83% |
858.6 |
967.3 |
|
“Samruk-Green Energy” LLP |
3.2 |
7.2 |
20.2 |
280% |
19.9 |
19.9 |
|
“FWPP” LLP |
152.9 |
159.1 |
144.3 |
91% |
156.8 |
174.7 |
|
“Ereymentau Wind Power”, LLP |
|
|
0.0 |
|
17.8 |
191.6 |
|
“Energiya Semirechiya”, LLP |
|
|
0.0 |
|
54.4 |
217.7 |
|
Total |
28,632.1 |
30,130.6 |
34,670.9 |
115% |
33,311.3 |
34,584.6 |
|
Capacity sales volume, MW |
||||||
|
“Almaty Power Plants” JSC |
817.4 |
872.1 |
806.1 |
92% |
850.0 |
850.0 |
|
“Ekibastuz SDPP-1” LLP |
501.9 |
1,556.4 |
1,565.1 |
101% |
1,827.0 |
2,187.3 |
|
“Ekibastuz SDPP-2 Plant” JSC |
846.8 |
743.3 |
524.7 |
71% |
870.0 |
870.0 |
|
“Shardara HPP” JSC |
41.6 |
47.6 |
61.0 |
128% |
61.0 |
61.0 |
|
“Moynak HPP” JSC |
280.9 |
285.7 |
291.5 |
102% |
298.0 |
298.0 |
|
Total |
2,488.6 |
3,505.2 |
3,248.4 |
93% |
3,906.0 |
4,266.3 |
|
Electricity transmission volumes, mln kWh |
||||||
|
“Alatau Zharyk Company” JSC |
6,961.3 |
6,837.8 |
7,649.7 |
112% |
7,638.4 |
7,868.6 |
|
Total |
6,961.3 |
6,837.8 |
7,649.7 |
112% |
7,638.4 |
7,868.6 |
|
Electricity sales volumes, mln.kWh |
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“AlmatyEnergoSbyt” LLP |
6,218.2 |
6,055.5 |
6,723.9 |
111% |
6,878.0 |
7,084.3 |
|
Total |
6,218.2 |
6,055.5 |
6,723.9 |
111% |
6,878.0 |
7,084.3 |
|
Heat production volumes, thous.Gcal |
||||||
|
“Almaty Power Plants” JSC |
5,024.5 |
5,596.4 |
5,553.8 |
99% |
5,313.4 |
5,313.4 |
|
“Ekibastuz SDPP-2 Plant” JSC |
82.8 |
66.9 |
76.2 |
114% |
76.0 |
76.0 |
|
“Ekibastuz SDPP-1” LLP |
132.3 |
155.4 |
136.0 |
88% |
155.4 |
155.4 |
|
Total |
5,239.6 |
5,818.7 |
5,766.0 |
99% |
5,544.8 |
5,544.8 |
|
Coal sales volumes, mln.tons |
44.7 |
43.4 |
44.7 |
103% |
44.0 |
46.3 |
The volume of electricity production in 2021 amounted to 35,609.3 mln kWh, 13% higher or 4,223.9 mln kWh compared to the same period of last year. Growth was mainly at “Ekibastuz SDPP-1” LLP (an increase of 3,322.0 mln kWh or by 17%) because of demand growth in the domestic market, and “Ekibastuz SDPP-2 (an increase of 1,459.1 mln kWh or by 29%) due to downtime of power unit No. 2 for repair purposes in the 1st quarter of 2020.
ELECTRICITY PRODUCTION VOLUMES(mln kWh) at TPP, CHP
ELECTRICITY PRODUCTION VOLUMES(mln kWh) at HPP, WPP, SPP
FORECAST FOR THE FUTURE:
The volumes of electricity production in the forecast for 2022 are expected to reduce gradually in relation to the 2021 actual. Electricity output reduction in 2022 by 2,081.4 mln kWh is mainly because of the decrease in electricity generation by “Ekibastuz SDPP-1” LLP.
The volume of heat production amounted to 5,766.0 thous. Gcal. Compared to the same period last year, the decrease is (1)% as a result of the higher average monthly temperature during the heating period in the reporting period.
FORECAST FOR THE FUTURE:
The volumes of heat production in the plan for 2022 are forecasted to decline by 4% compared to the 2021 actual, mainly due to the decrease in the heat production by “Almaty Power Plants” JSC.
The volume of electricity transmission through “AZhC” JSC grids in 2021 amounted to 7,650 mln kWh, which is 12% or 812 mln kWh higher than in 2020.
DYNAMICS OF CHANGES IN HEAT PRODUCTION VOLUMES,thous. Gcal
ELECTRICITY TRANSMISSION VOLUMES(mln kWh)AND GRID LOSSES(%)
FORECAST FOR THE FUTURE
As regards transmission and distribution of electricity in 2022, the decrease of 0.15% is expected compared to the 2021 actual.
The total volume of electricity sales at power supply organizations for the reporting period amounted to 6,723.9 mln kWh, which is more than the same period in 2020 by 11%, due to an increase in the volume of electricity consumption in the Partnership's service area.
|
Name |
2020 actual |
2021 Actual |
Deviation |
% |
|
AlmatyEnergoSbyt |
||||
|
Number of consumers, incl.: |
869,680 |
899,134 |
29,454 |
3% |
|
Population |
835,509 |
862,980 |
27,471 |
3% |
|
Corporate entities |
34,171 |
36,154 |
1,983 |
6% |
|
Sales volumes, mln kWh |
6,055.5 |
6,723.9 |
668.4 |
11% |
FORECAST FOR THE FUTURE:
The volume of electricity sales in the forecast for 2022 increases by 2% from the actual rate in 2021.
RENEWABLE ENERGY SOURCES
Over the past 7 years, the installed capacity of renewable energy facilities has grown by almost 11 times – from 177.52 MW in 2014 to 2,010 MW in 2021.
According to the Ministry of Energy, as of January 1, 2022, 134 renewable energy facilities operate in the Republic of Kazakhstan.
The volume of electricity production by renewable energy facilities (SPP, WPP, BGP, small HPP) for 2021 amounted to 4,220.3 mln kWh.
Compared to the period of 2020 (3,072.3 mln kWh), an increase in electricity generation amounted to 30%, which is comparable to more than one billion kWh or a share of 3.69% in the total electricity production in Kazakhstan.
In January-December 2021, electricity produced by SPP, WPP and small HPP increased compared to the same period in 2020.
SHARE OF ELECTRICITY GENERATION BY RE FACILITIES OF THE REPUBLIC OF KAZAKHSTAN IN TOTAL ELECTRICITY PRODUCTION,%
SHARE OF RENEWABLE ENERGY PRODUCTION BY “SAMRUK-ENERGY” JSC IN KAZAKHSTAN
Electricity generation by “Samruk-Energy” JSC renewable energy facilities (SPP, WPP, small hydropower plants) for 2021 amounted to 325.3 mln kWh or 7.7% of the volume of electricity generated by renewable energy facilities in the Republic of Kazakhstan, which compared to the same period in 2020 year is 2.1% lower (in 2020, electricity generation by “Samruk-Energy” JSC renewable energy facilities was 332.3 mln kWh, and the share of renewable energy sources in electricity generation by renewable energy facilities of the Republic of Kazakhstan was 10.8%).
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№ |
Description |
2019 |
2020 |
2021 |
|||
|
January-December |
Share in the RK, % |
January-December |
Share in the RK, % |
January-December |
Share in the RK, % |
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|
“Samruk-Energy” JSC production of “clean electricity” (RES without major HPP), incl.: |
342.5 |
17.8% |
335.8 |
10.8% |
325.3 |
7.7% |
|
|
1 |
“APP” JSC Cascade of small HPP |
190.9 |
9.9% |
165.6 |
5.3% |
160.3 |
3.8% |
|
2 |
“Samruk-Green Energy” LLP 2 MW SPP |
3.2 |
0.2% |
3.8 |
0.1% |
5.3 |
0.1% |
|
3 |
“Samruk-Green Energy” LLP 5 MW Shelek WPP |
|
0.0% |
3.5 |
0.3% |
15.1 |
0.4% |
|
4 |
“First Wind Power Plant” LLP 45 MW WPP |
148.4 |
7.7% |
162.9 |
5.2% |
144.6 |
3.4% |
The decrease in electricity production by “Samruk-Energy” JSC RE facilities is connected with an increase in electricity production by other RES facilities because of commissioning of new RE facilities in Kazakhstan.
“Samruk-Energy” JSC participation in the capacity market
In 2021, “Samruk-Energy” JSC power plants participated in electric capacity bidding held on the trading platform of “KEPMO” JSC.
Based on the results of centralized capacity biddings held on November 16, 2021, the Company's power plants sold 3,447.1 MW at a price of 590 thousand tenge/MW per month, incl.
In accordance with the Republic of Kazakhstan Law “On Amendments and Additions to Certain Laws and Regulations of the Republic of Kazakhstan on Special Economic and Industrial Zones, Attracting Investments, Development and Promotion of Exports, and Social Security”, “Moynak HPP” JSC and “APP” JSC received individual tariffs for capacity.
The capacity amounted to 61 MW for “Shardarinsk” HPP JSC and 298 MW for “Moynak” HPP JSC. Individual capacity tariffs will contribute to the return of borrowed funds used for the already built power plant (MHPP JSC), as well as refinancing of the previously received targeted loan for investment programs (APP JSC).
