Annual Report / 2024
Energy of development

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Key events of KEGOC JSC for 2024

January 1

KEGOC JSC has confirmed its high social stability rating at 86%.

January 30

KEGOC JSC’s report on green bond issuance for 2023 has been successfully verified by the Green Finance Centre (AIFC)

February 1

Fitch upgraded KEGOC JSC’s rating to “BBB”, the forecast is “Stable”

February 9

The RPA (Robotic Process Automation) robotics project, implemented by the KEGOC JSC team together with KPMG based on the popular Blue Prism platform, was recognized as the best robotics project at the Project of the Year competition organized by the Global CIO IT community

February 9

Moody’s has confirmed KEGOC JSC’s rating at BAA2. The outlook is “positive”

February 19

KEGOC JSC is recognized as the leader in the field of industrial safety among the Samruk-Kazyna JSC group of companies

February 29

KEGOC JSC participated in the meeting of heads of energy systems of Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Russia on the development of national power grids

March 12

Following the results of the KASE KEGOC JSC competition, it became the winner in the nomination “For the successful implementation of SPO”

March 15

Standard&Poor’s confirms KEGOC JSC credit rating

April 8

KEGOC JSC took an active part in flood relief efforts. 107 integrated brigades have been organized to carry out emergency recovery work at power grid facilities

April 25

Public hearings were held in front of consumers and other interested parties, where a report was presented on the implementation of the approved tariff estimates, on the implementation of the approved investment program, on compliance with quality and reliability indicators of regulated services and on achieving performance indicators for natural monopoly entities by the end of 2023

May 2

The Annual General Meeting of KEGOC JSC Shareholders was held, at which the financial statements for the year ended December 31, 2023 were approved. The shareholders of KEGOC JSC decided to allocate 97% of the net profit for 2023 to dividends

May 17

KEGOC JSC hosted a meeting with suBGPrface users on cooperation in ensuring reliable power supply to the western energy hub

May 23

Within the framework of the 41st meeting of the Coordinating Electric Power Council of Central Asia KEGOC JSC, the results of the work of the Kazakh energy system during the autumn-winter load period were presented, and they also participated in the discussion of the action plan to ensure the stability of electricity supply in the Central Asian Electric Power Ring system in the autumn-winter period of 2024-2025

May 28

The Board of Directors of KEGOC JSC approved the updated strategy of the Company

May 30

KEGOC JSC paid dividends based on the results of the second half of 2023

June 4

The KEGOC JSC Issuer’s Day was held at the AIX site in Astana in a hybrid format (online-offline)

June 7

KEGOC JSC Issuer’s Day was held at the KASE site in Almaty

June 13

KEGOC JSC and ENI plan to connect the first hybrid power plant in Mangystau region to the National Power Grid of Kazakhstan

July 2-4

KEGOC JSC and China Energy International Group signed a memorandum of cooperation in the field of electric grid development and discussed further cooperation

July 19

KEGOC JSC and the Asian Development Bank (ADB) have signed a financing agreement in the amount of 58.2 billion tenge for the implementation of a project to strengthen the electric grid of the Southern UPS zone of Kazakhstan

August 6

KEGOC JSC participates in the first meeting of Central Asian Energy Ministers

August 28

KEGOC JSC and MASDAR discussed the implementation of the 1000 MW wind farm construction project in Zhambyl region

September 9

KEGOC JSC launches project to unite the West with UPS of Kazakhstan

September 9

KEGOC JSC and the Asian Development Bank signed a memorandum to support Kazakhstan’s transition to renewable energy sources

September 10

KEGOC JSC and Hitachi Energy signed a memorandum of cooperation

September 11

Moody’s Ratings upgraded KEGOC JSC’s rating to “Baa1” Stable outlook

September 20

KEGOC JSC and Siemens Energy discussed prospects for cooperation at the Kazakh-German Business Forum

October 11

An Extraordinary General Meeting of KEGOC JSC Shareholders was held, which approved KEGOC JSC’s financial statements as of and for the six months ended June 30, 2024. The shareholders of KEGOC JSC decided to allocate 64.5% of net profit for dividends based on the results of operations for the first half of 2024

October 17

KEGOC JSC participates in the meeting of the Coordinating Electric Power Council

November 4

KEGOC JSC paid dividends on shares for the first half of 2024

November 5

The French company ASSYSTEM will develop a digital twin of substation equipment for KEGOC JSC

November 19

The KEGOC JSC Issuer’s Day was held at the AIX site in Astana

November 21

The KEGOC JSC Issuer’s Day was held on the KASE site in Almaty in a hybrid format (online-offline)

December 3

A loan agreement was signed between the system operator of Kazakhstan KEGOC JSC and the European Bank for Reconstruction and Development (EBRD), as well as an agreement on opening a credit line between KEGOC JSC and Development Bank of Kazakhstan JSC. The agreements are aimed at implementing the project “Integration of the power system of Western Kazakhstan with UPS Kazakhstan. Construction of power grid facilities”.

19 December

KEGOC JSC celebrates its anniver­sary — 10 years since entering the stock exchange. The total amount of dividends paid by KEGOC JSC since the IPO amounted to 282 billion tenge

30 December

KEGOC JSC concluded offtake contracts worth 19.5 billion tenge in 2024