ABOUT “SAMRUK-ENERGY” JSC GROUP OF COMPANIES

The management system of “Samruk-Energy” JSC and its subsidiaries and affiliates is based on the following management principles:

1) a clear delineation of competencies and powers of the bodies of subsidiaries and affiliates (of a shareholder (of a participant), the Board of Directors / Supervisory Board, executive body), employees and officials;

2) a clear delineation of responsibility of the bodies of subsidiaries and affiliates (of a shareholder (of a participant)), the Board of Directors/Supervisory Board, executive body), employees and officials.

The main activities of the subsidiaries and affiliates of “Samruk-Energy” JSC are reflected in the organizational structure of the companies. The interaction of the main divisions and management principles are regulated in the internal regulatory documents of companies

Generating companies

Thermal Power Plants

“Almaty Power Plants” JSC

(“Samruk-Energy” JSC – 100 %)

“Almaty Power Plants” JSC (“APP” JSC) is power-producing organization engaged in production of heat and electricity in Almaty city and Almaty region. “APP” JSC provides the population, industrial and agricultural enterprises with electricity and heat and is a heat producing natural monopoly entity.

To date, the heat and electricity generated covers about 70 % of the needs of Almaty city and Almaty region.

The structure of “APP” JSC includes the following production units – CHP-1, CHP-2, CHP-3; Kapshagai HPP; Cascade of Almaty HPP; Western Thermal Complex (WTC); Center for receiving and discharge of fuel (CRDF), Industrial repair enterprise «Energoremont».

Chairman of the Management Board: Mukhamed-Rakhimov N.T.

You may learn more about the company on the website: www.ales.kz

A supply chain of the entity

Production of electricity and heat for their transmission to consumers. The direct production of heat and electricity starts with the supply of energy resources (fuel, water) to the energy equipment of energy sources.

In power equipment, energy of energy resources (fuel, water) is converted into a final product – electricity and heat. Part of the generated electricity and heat is consumed by energy sources for their own needs, the rest of the generated energy is sold on the basis of contracts for the sale of electricity and heat. Almaty region is the market for electricity and heat sale.

Results of operating activities

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income/loss mln. tenge 1 522 1620 4 073
EBITDA mln. tenge 12 290 11 147 14 326
EBITDA Margin % 20 17 22

Results of operating activities

Indicator Measurement unit 2017 2018 2019
Installed electric capacity MW 1 239 1235,7* 1 236
Electricity production volume mln. kWh 5 712 5 599 5 397
Electricity sales volume mln. kWh 5 036 4 892 4 726
Heat production volume thous. Gcal 5,223 5 617 5 024
Heat sales volume thous. Gcal 5,164 5,527 4,980
Main consumers “AlmatyEnergoSbyt” LLP, “Alatau Zharyk Company” JSC, “KazFerroStal” LLP, “Almaty International Airport” JSC, “KTZh -Almaty Electricity Supply Distance” NC JSC, “Kaz Electro” LLP, “Almaty Heating Networks” LLP, “INTA 2006","Kuat" LLP, "Asyl Tas” SC LLP, "Greenhouse Complex of “GRES” "LLP,"Sholpanbekova K.I.”, “Heating networks” LLP, "Volna" LLP

*The decrease of installed capacity in 2018 was driven by the sale of Talgar hydropower plant

The amount of utilized investments in 2019 is 7,078,612 thous. tenge.

“Ekibastuz SDPP-1 named after Bulat Nurzhanov”

(Samruk-Energy” JSC – 100 %)

“Ekibastuz SDPP-l” LLP is a thermal power plant with an installed capacity of 4000 MW, located on the northern shore of Lake Zhengeldy, 16 km north of Ekibastuz Pavlodar region. The enterprise is the largest thermal power plant in the Republic of Kazakhstan, operating on solid fuel, and the main energyproducing enterprise in the region. Being the largest power plant in Kazakhstan, “Ekibastuz SDPP-l” LLP is also one of the largest coal-fired power plants in the world with a current available capacity of 3500 MW. The complex consists of eight 500 MW power units.

According to the 2019 results, the works under phase 2 “Implementation” of the IPS project – a system of production and financial planning and modeling that allows calculating and producing multiple scenarios of a company’s development in a prompt manner and propose the most preferable scenario out of them. The actual financial benefits of the project for “Ekibastuz SDPP-l” LLP amounted to 910,665 mln. tenge for 2018 and 1,203.176 mln. tenge for 2019.

General Director: Dzhienbaev E.E.

You may learn more about the company on the website: www.gres1.kz

A supply chain of an entity

The entity provides electricity to the northern, eastern and southern regions of Kazakhstan, part of the electricity (5 %) was exported to Uzbekistan.

Production of electricity and heat for their transmission to consumers. Electricity is supplied from the busbars of the plant, with the exception of exports (on the border of the RK-RF).

Results of operating activities

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income/loss mln. tenge 3 859 18 072 6 406
EBITDA mln. tenge 36 826 58 979 47 870
EBITDA Margin % 41 47% 44

Results of operating activities

Indicator Measurement unit 2017 2018 2019
Installed electric capacity MW 4 000 3 500 3 500
Electricity production volume mln. kWh 14 797 19 121 18 301
Electricity sales volume mln. kWh 14 103 18 340 17 642
Heat production volume Gcal 8,2 59,9 132,3
Number of consumers (business and other) 72 72 72
Major consumers “Bogatyr Komir” LLP, “Energopotok” LLP, “Ontustik Zharyk” LLP, “Almatyenergosbyt” LLP, “Temirzholenergo” LLP, “Kazfosfat” LLP, “Zhetysu Energotrade” LLP, “Tau-Ken Temir” LLP, “Kazminerals Bozshchakol” LLP, «KEGOC» JSC.

The amount of utilized investments in 2019 – 12,664,568 thous. tenge.

“Ekibastuz SDPP-2 Plant” JSC

(“Samruk-Energy” JSC – 50 %, “Samruk-Kazyna” JSC – 50 %)

“Ekibastuz SDPP-2 Plant” JSC is the second, after the Ekibastuz SDPP-1, thermal power plant in Ekibastuz city of Pavlodar region of Kazakhstan with an installed capacity of 1000 MW.

On December 27, 2018, an agreement for the sale and purchase of 50 % of shares in authorized capital of “ESDPP-2 Plant” JSC was signed between “Samruk-Kazyna” JSC (the Fund) and “Inter RAO” PJSC (IRAO) (hereinafter referred to as the Transaction).

All activities related to closing of the Deal were completed on December 13, 2019, and in accordance with the Register of Holders of Securities, as of December 14, 2019, “Samruk- Kazyna” JSC ownership right for 50 % of shares was registered. Thus, currently the shareholders of “ESDPP-2 Plant” JSC are “Samruk-Energy” JSC – 50 % and “Samruk-Kazyna” JSC – 50 %.

Chairman of the Management Board: Astashov V.A.

You may learn more about the company on the website: www.gres2.kz

A supply chain of the entity

Electricity produced by “Ekibastuz SDPP-2 Plant” JSC is supplied to the consumer from the station’s busbar.

The Buyer independently, at his own expense, without the participation of the Seller, ensures the reception and transmission of electricity from the supply point to consumption points, through networks of an inter-regional and, where necessary regional level.

Results of operating activities

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income/loss mln. tenge (19 092) (6 823) (3 063)
EBITDA mln. tenge 12 594 16 250 17 170
EBITDA Margin % 37 42% 42

Results of operating activities

Indicator Measurement unit 2017 2018 2019
Installed electric capacity MW 1 000 1 000 1 000
Electricity production volume mln. kWh 5 495 5436,5 4 928,5
Electricity production volume mln. kWh 5 208 5 161 4 689,5
Volume of heat sales thous. Gcal 66,515 78,622 82,8
Major consumers “Transenergo” JSC, “APCC” JSC, “TNC Kazchrome” JSC, “LOTOSAktobe” LLP, “Goar” LLP, “ZHBI-25 Plant” LLP, “AS Gas-Logistic” LLP, “Stroydetal” LLP, «Aktobe Stroy Kombinat» LLP, «Production Association “KSM» LLP, «Aktobeenergosnab» LLP, «Energosistema» LLP, «Akbulak» JSC, «Transenergo» JSC

The amount of utilized investments in 2019 – 804,491 thous. tenge.

Hydropower plants and renewable energy sources

“Shardarinsk HPP” JSC

(“Samruk-Energy”JSC – 100 %)

Shardarinsk hydropower plant, located in the middle reaches of Syr Darya river, is a closing hydropower plant of the Naryn- Syrdarya cascade. The purpose of hydroelectric complex is overarching – irrigation, flood control, fish farming, drinking water supply, optimization of energy supply in South Kazakhstan.

At a hydroelectric power plant, the mechanical energy of moving masses of water is converted into electricity using hydraulic turbines and hydrogenerators, which are placed together with numerous auxiliary equipment in the building of the hydropower plant.

Chairman of the Management Board: Berlibaev A.A.

You may learn more about the company on the website: www.sharges.kz

A supply chain of the entity

“Shardarinsk HPP» JSC generates electricity and is an energy-producing organization. For transportation over long distances and to reduce losses (to save materials) the generator voltage of 10 kV increases to 110 kV through a step-up transformer.

Electricity is transmitted to the grids of “Ontustik Zharyk Transit” LLP, energy transmission organization, through 110 kV the switchgear. Electricity is then transferred to energy supplying organizations, which in turn supplies electricity to consumers

Results of operating activities

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income/loss mln. tenge 1 706 1 526 (692)
EBITDA mln. tenge 2 330 2 174 909
EBITDA Margin % 68 66 40

Results of operating activities

Indicator Measurement unit 2017 2018 2019
Installed electric capacity MW 100 100/50* MW с 01.03.2018 г. 50/63* MW*- с 27.05.2019 г.
Electricity production volumes mln. kWh 359,4 348,7 464,8
Electricity sales volumes mln. kWh 354,752 344,6 466
Major consumers “Energopotok” LLP, “Ontustik – Zharyk” LLP, “Ontustik Zharyk Transit” LLP, “Kazsbytgroup” LLP, “Energosnab XXI” LLP, “Yugenergoimpuls” LLP, “Garant Energo” LLP

*changing of the installed capacity is connected with the retrofit of hydraulic units

The amount of utilized investments in 2019 – 5,097,096 thous. tenge.

“Moynak HPP” JSC

(“Samruk-Energy” JSC – 100 %)

A 300 MW Moynak HPP was built as part of the State program for accelerated industrial and innovative development and in accordance with the Program for the Development of the RK Power Industry until 2030. It is located on the Sharyn River in the Raimbek district of Almaty region.

This is one of the breakthrough projects that today successfully addresses the issues related to narrow the deficit of electricity in the southern zone of Kazakhstan’s UES (Almaty, Zhambyl, Kyzylorda and Turkestan regions), covering peak loads and regulating capacity in the power system.

Designed average annual electricity production of an enterprise is 1.027 bln. kWh. State-of-the-art technological equipment used at the plant provides maximum automation and stability of the electricity production process. The plant is equipped with the latest hydraulic units with high technical parameters and efficiency.

Chairman of the Management Board: Asylov A.N.

You may learn more about the company on the website: www.moynak.kz

A supply chain of the entity

“Moynak HPP” JSC generates electricity and is an energyproducing organization. Electricity is supplied from energy sources through 110 kV grids to consumers in the volumes agreed in concluded agreements.

Results of operating activities

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income/loss mln. tenge 3 076 (5 296) 186
EBITDA mln. tenge 9 118 8 060 7 386
EBITDA Margin % 84 79 75

Results of operating activities

Indicator Measurement unit 2017 2018 2019
Installed electric capacity MW 300 300 300
Electricity production volume mln. kWh 1 226 1 036 951*
Electricity sales volume mln. kWh 466,2 1 034 952*
Major consumers “Zhetisuenergotrade” LLP, “AlmatyEnergoSbyt” LLP

* The reduction of electricity production in 2019 resulted from the decrease in the volume of water inflow to the Bestyubinsk reservoir and its drawdown to critically low values, the need to accumulate the volume of water resources to ensure the safe operation of hydraulic facilities.

The amount of utilized amounts in 2019 – 187,626 thous. tenge.

“Ust-Kamenogorsk HPP” JSC

(“Samruk-Energy” JSC – 89,99 %)

In October 2017, the concession agreement with AES Suntry Power Limited was terminated and the assets were transferred to the republican ownership of the Republic of Kazakhstan.

Core business organizational and management activities.

Location: The Republic of Kazakhstan, East-Kazakhstan region, 070001, Ust-Kamenogorsk c., Ablaketka village.

“Bukhtarminsk HPP” JSC

(“Samruk-Energy” JSC – 90 %)

Bukhtarminsk HPP is a very cost-efficient hydropower plant both in terms of the specific volume of work and in terms of cost parameters of electricity production.

The installed capacity of hydropower plants is 675 MW, the average annual production is 2.77 bln. kWh. HPP covers peak loads in the power system of Kazakhstan. In 2002, Bukhtarminskaya dam was recognized as the best in the world, as the quality of concrete exceeds all expected parameters.

Core business: Rental and management of own property, rent of other machinery, equipment and supplies.

Location: the Republic of Kazakhstan, 070825, East- Kazakhstan region, Zyrianovsky district,Serebryansk city, 5, Graftio street.

The property complex of the Bukhtarminsk HPP is on lease (concession).

“Shulbinsk HPP” JSC

(“Samruk-Energy” JSC – 92.14 %)

In October 2017, the concession agreement with AES Suntry Power Limited was terminated and the assets were transferred to the republican ownership of the Republic of Kazakhstan.

Core business organizational and management activities.

Location: registered address: the Republic of Kazakhstan, Ust- Kamenogorsk c., Ablaketka village. Location of the executive body: 071426, Semipalatinsk c., Shulbinsk village.

“First Wind Power Plant” LLP

(“Samruk-Energy” JSC – 100 %)

“First Wind Power Plant” LLP is the first project in Kazakhstan in the field of development of alternative energy sources, which went through all stages of preparation in accordance with the current legislation of the Republic of Kazakhstan on support for renewable energy sources and was put into operation on August 14, 2015.

The wind farm of the company is located in Akmola region, nearby Ereymentau city, consists of 22 wind turbines with a unit capacity of 2.05 MW working safely for the environment.100 % of all generated electricity goes to the National Power Grid of Kazakhstan – “KEGOC” JSC.

Since commissioning, the power plant has generated over 760 mln. kWh of electricity.During this time, the rotating blades of 85-meter structures generated electricity for more than 22 bln. tenge.100 % of all generated electricity goes to the National Power Grid of Kazakhstan – “KEGOC” JSC.Location: 010000, the Republic of Kazakhstan, Nur-Sultan c., Yessil district, 20/2 Mangilik El.

General Director: Izbaskhanov M.K.

You may learn more about the company on the website: www.pves.kz

A supply chain of the entity

Production of electricity using renewable energy sources and its sale to the «Settlement and financial center for the support of renewable energy sources» LLP

Results of operating activities

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income/loss mln. tenge (23) 436 1 017
EBITDA mln. tenge 3 421 3 201 3 532
EBITDA Margin % 78% 72% 77%

Results of operating activities

Indicator Measurement unit 2017 2018 2019
Installed electric capacity MW 45 45 45
Electricity production volume mln. kW*h 166 158 153
Electricity sales volume mln. kW*h 166 157 152*

*The decline occurred because the average wind speed dropped

The amount of utilized investments – 34,727 thous. tenge.

“Ereymentau Wind Power” LLP

(“Samruk-Energy” JSC – 100 %)

The main activity of “Ereymentau Wind Power” LLP is the implementation of “Construction of 50 MW wind power plant near Ereymentau c.” project and further production of electricity.

The project will consist of a maximum of 20 wind turbines, bases for cranes adjacent to each turbine, internal roads, an internal power grid, an electrical substation including control room and connection to power grid.

The construction of a wind power plant is planned in the southeast of Ereymentau on 1,242 ha site. The site includes hilltops, sloping slopes, small streams, mostly flowing to the north. The upper part and the tops of the hills are typical steppe pastures, and the lower part and valleys contain forest areas and hydrophilic vegetation. The flatter adjacent territory is an open steppe with dispersed water bodies.

General Director: Uralov E.E.

You may learn more about the company on the website: www.ewp.kz

A supply chain of the entity

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income thous. tenge (207) (167) (179)
EBITDA thous. tenge (141) (161) (176)
EBITDA Margin %

The amount of utilized investments in 2019 – 213,122 thous. tenge.

“Samruk-Green Energy” LLP

(“Samruk-Energy” JSC – 100 %)

“Samruk-Green Energy” LLP – delivers services for production of electricity using renewable energy sources. The company provides decentralized electricity supply to remote areas.

A 2 MW SPP has been a site for testing innovative renewable energy technologies since 2015, including the first industrialscale energy storage technology EnergyPod in the CIS and Central Asia. In 2019, the Partnership completed the construction of a 0,4 MW solar power plant.

The project was implemented on the basis of existing 2 MW SPP’s infrastructure in Kapshagai city. During the construction of the new station, photovoltaic modules based on Kazakhstan silicon manufactured by “Astana Solar” LLP were used to support the domestic commodity producer. In 2020, the Partnership will start working on the implementation of plans for the construction of a 50 MW solar power plant in the area of Kapshagai city. Location: Kapshagai s., 35/2 Industrial street.

General Director: Bukenov T.Sh.

You may learn more about the company on the website: http://www.samruk-green.kz/ru/

A supply chain of the entity

A supply chain of the entity

Electricity is sold through “AZhC” JSC networks to the “Settlement and Financial Center for Renewable Energy Support” LLP at fixed rates in accordance with the Law of the Republic of Kazakhstan dated July 4, 2009 No. 165- IV “On Supporting the Use of Renewable Energy Sources”.

As required by the Rules for the centralized purchase and sale of electricity, which is produced by RE facilities, by the settlement and financial center, the recalculation and redistribution by the settlement and financial center of the corresponding share of electricity to a qualified conditional consumer according to the results of the calendar year dated March 2, 2015 No. 164, the settlement and financial center pays the Partnership for the entire amount of electricity produced and supplied to the power grid of energy transmission organization by the Partnership Entities within 15 (fifteen) years from the date of the start of a comprehensive test of electrical installations.

However, the fixed tariff is subject to annual indexation in accordance with the Rules for setting of fixed tariffs and ceiling auction prices No. 271 dated March 27, 2014.

Results of operating activities

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income/loss thous. tenge (21) (4) (42)
EBITDA thous. tenge 15 20 36
EBITDA Margin % 10 14 23

Results of operating activities

Indicator Measurement unit 2017 2018 2019
Installed electric capacity MW 2 2 2,4
Electricity production volume mln. kWh 3,215 3,232 3,327
Electricity sales volume mln. kWh 3,101 3,117 3,246

The amount of utilized investments in 2019 – 164,218 thous. tenge.

“Energia Semirechya” LLP

(“Samruk-Energy” JSC – 25 %, Zenith Global FZE – 75 %)

“Energia Semirechya” LLP is an enterprise established to provide services for production and sale of electricity, design and construction of facilities using renewable energy sources. The enterprise was established in 2009 for the implementation of “Construction of 60 MW wind power plant in Shelek corridor with possible increase in capacity to 300 MW“ project.

Wind monitoring in the Dzhungar gate within the project “Dzhungar Gate 72 MW”, as well as the development of Shelek energy center is scheduled to be completed in the nearest time (implementation of the Agreement between the Company and HYDROCHINA CORPORATION).

Location: the Republic of Kazakhstan, Almaty region, Enbekshikazakh district, Baiseit village, 92, Abay street.

General Director: Aidarov A.A.

A supply chain of the entity

Production of electricity using renewable energy sources and its sale to “Settlement and Financial center for the support of renewable energy sources” LLP.

Results of operations

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income thous. tenge (43) (26) 22
EBITDA thous. tenge (81) (83) (123)

The amount of utilized investments in 2019 – 3,931,858 thous. tenge.

“Kazhydrotechenergo” LLP

(“Samruk-Energy” JSC – 100 %)

“Kazhydrotechenergo” LLP implements projects on construction of four small hydropower plants (BAK-1, BAK-2, HPP-19, HPP- 29) in Almaty region with total capacity of 60,8 MW.

The Partnership’s activity is directed at engineering, building facilities using RES, independent technical devices and related to them facilities for production of electricity and (or)heat using RES.

Core business: production and sale of electricity using renewable energy sources.

Location: Almaty c., the Republic of Kazakhstan, 188, Kunaev street, “SAT” BC, suite 62A.

General Director: Bukhanov M.E.

“Teploenergomash” LLP

(“Kazhydrotechenergo” LLP – 95 %)

The main goal of “Teploenergomash” LLP is construction of two power plants on Big Almaty Channel with a total capacity of 12 MW.

It is also planned to build hydropower plants 1,2 at BAC and hydropower plants 19 on Shelek River in Enbekshikazakh district with a total capacity of 26 MW (Almaty region).

Core business: generation and sale of electricity using renewable energy sources.

Location: the RK, Almaty c.13, Al-Farabi ave., BC “Nurly Tau”, c.1V, suite 505.

Director General: Adilov Y.Kh.

Distribution and sales companies

“Alatau Zharyk Company” JSC

(“Samruk-Energy” JSC – 90.29 %)

“Alatau Zharyk Company” JSC is a large regional electricity grid company that provides electricity to 2,5 million people in Almaty city and Almaty region, operates more than 30 thous.nd km of power grids, 209 35 kV and above substations, and 7011 transformer substations.

Grids are serviced by seven local power distribution zones (PDZ) in Almaty and ten PDZ in Almaty region, the service area is 102,382 sq. km. The primary task of “AZhK” JSC is a reliable and high-quality supply of electricity to the people.

In order to increase the reliability of energy supply in the Almaty region, 38 substations have been built and retrofitted since 2007–2018, an increase in transformer capacity amounted to 3500 MVA.

Chairman of the Management Board: Umbetov M.A.

You may learn more about the company on the website: www.azhk.kz

A supply chain of the entity

Regional electric grid companies performs the role of electricity transmission through power grids within its balance sheet attribution. Power grid company “AZhC” JSC represents the main part of electric grids of the Almaty power center with grids of 220/110/35 / 6-10 / 0.4 kV voltage classes.

It is located in the Almaty region and extends from the shores of Lake Balkhash in the north to the borders with Kyrgyzstan in the south and from the borders of the Zhambyl region in the west to the borders with China in the east. Transmission of electricity from energy-producing organizations to the end user.

Results of operating activities

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income/loss mln. tenge 5 436 5 860 2 719
EBITDA mln. tenge 15 023 15 980 12 408
EBITDA Margin % 39 40 33

Results of operating activities

Description Measurement unit 2017 2018 2019
PTL-220 kV km 469,64 457,79 457,79
PTL-110 kV km 2 878,02 2 898,21 2 881,76
PTL-35 kV km 2 593,75 2 602,87 2 881,76
PTL-10 kV km 10 910,57 10 854,8 10 903,46
PTL-6 kV km 1 744,31 1 744,9 1 765,65
PTL-0,4 kV km 10 934,98 10 972,05 11 659,81
SS-220 kV pcs. 9 9 8
SS-110 kV pcs. 94 95 95
SS-35 kV pcs. 104 105 106
Electricity transmission mln.kWh 6 528 6 796 6 961
Number of consumers (commercial and others) pcs. 17 21 21

The amount of utilized investments in 2019 – 11,426,091 thous. tenge

“AlmatyEnergoSbyt” LLP

(“Samruk-Energy” JSC – 100 %)

“AlmatyEnergoSbyt” LLP is an enterprise representing the interests of its consumers to all entities of the wholesale and retail electricity markets, in order to ensure uninterrupted power supply.

“AlmatyEnergoSbyt” LLP is a guarantee electricity supplier in Almaty city and Almaty region (Balkhash, Enbekshikazakh, Zhambyl, Ili, Karasai, Raiymbek, Talgar, Uygur districts and Kapshagai city).

As of December 31, 2019, there are more than 32 thousand corporate entities and circa 810 thousand household consumers among “AlmatyEnergoSbyt” LLP customers. The main principle of the company is focus on customer. The structure of the partnership includes 17 district branches (district branch of power supply) and a Contact Center. Customer satisfaction is growing annually and is close to 100 %.

General Director: Dzharlykasymov E.T.

You may learn more about the company on the website: www.esalmaty.kz

A supply chain of the entity

Purchase of electricity from energy transmission organizations and sale to the end consumer on the basis of public energy supply agreements. Electricity tariffs are set in accordance with the requirements of the Committee for Regulation of Natural Monopolies under the Ministry of National Economy of the Republic of Kazakhstan.

Results of operating activities

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income/loss mln. tenge 1 374 42 (1 185)
EBITDA mln. tenge 2 002 361 (1 499)
EBITDA Margin % 2,12 0,37 (1,5)

Results of operating activities

Indicator Measurement unit 2017 2018 2019
Volume of electricity sale mln.kWh 5 767,5 5 904,3 6 218
Average electricity sale rate tenge/kWh 16,38 16,42 16,11
Consumers groups 2017 г. 2018 г. 2019 г.
Consumers groups 770 245 785 393 811 295
Commercial users, including: 30 203 31 632 32 939
- Industrial consumers and similar to them consumers 1 866 1 932 1 934
- Budget organizations 1 238 1 234 1 228
- Other consumers 27 099 28 466 29 777
TOTAL: 800 448 817 025 844 234

The amount of utilized investments in 2019 is 75,043 thous.nd tenge.

Mining and service companies

“Bogatyr Komir” LLP

(Forum Muider B.V. – 100 %)

“Bogatyr Komir” LLP is one of the largest enterprises in the world in terms of open-pit coal mining. “Bogatyr Komir” LLP accounts for 59 percent of all coal mined in the Ekibastuz coal basin and 40.4 percent of the total coal production in the RK. At this, the production capacity of the enterprise allows mining up to 40,4 mln.

“Bogatyr Komir” LLP approved coal reserves amount to circa 2.9 bln. tons. Coal reserves at “Bogatyr Komir” LLP were approved up to minus 200m horizon (depth from the surface is 400 m). With the current capacity of the enterprise coal reserves will be enough for no less than 70 years of operations.

“Bogatyr” coal mine, commissioned in 1970, exploits coal reserves in the fields (sections) 5, 6, 9, 10. The depth of the coalmine reached 280 m from the surface (mark: the horizon is minus 80 m according to the Baltic measurement system from the Baltic Sea level). “Severny” coalmine, commissioned in 1954, coal is mined in the fields (sections) 1, 2, 3, 4. The depth of the mine reached 230m from the surface (mark: the horizon is minus 30m according to Baltic measurement system from Baltic sea level).

The main industrial layers of Ekibastuz field are layers 1, 2, 3, 4 with an average thickness of 160 m and a depth of up to 670 m.

General Director: Korsakov N.N.

The total coal reserves of the field are more than 9 bln. tons.Confirmed coal reserves of “Bogatyr” and “Severny” coal mines of “Bogatyr Komir” LLP.

Total for Bogatyr Komir LLP
Seam Confirmed reserves
1 397,9
2 630,8
3 1407,1
4 484,6
Total: 2 915,0
Incl. of “Bogatyr” mine (sections 5, 6, 9, 10)
Seam Confirmed reserves
1 198,1
2 332,8
3 739,4
4 278,7
Total: 1 549,0
Of “Severny” mine (sections 1, 2, 3, 4)
Seam Confirmed reserves
1 199,8
2 298,1
3 662,2
4 205,9
Total: 1 366,0
A supply chain of the entity

“Bogatyr Komir” LLP extracts KSN grade (coking caking slightly metamorphosed) coal with an average calorific value of ~ 4,000 kcal / kg, ash content ~ 43 %, moisture ~ 5 %. The entity supplies thermal coal to generating facilities of the RK domestic market and for export to the RF, as well as the supply of household coal to the RK domestic market. Coal is sold to thermal power plants of the Republic of Kazakhstan under direct contracts for the supply of coal, to the power plants of the Russian Federation through a trader. Household coal is sold through commodity exchanges in accordance with the Order of the Minister of National Economy of the Republic of Kazakhstan dated February 26, 2015 No. 142 “On approval of the list of commodities exchange and the minimum size of represented batches sold through commodity exchanges”.

Financial performance

Financial performance

Indicator Measurement unit 2017 2018 2019
Measurement unit mln. tenge 21 960 28 334 26 917
EBITDA mln. tenge 34 506 41 441 40 415
EBITDA Margin % 43,3 45,5 43

Results of operating activities

Indicator Measurement unit 2017 2018 2019
Coal production volume mln. tons 40,4 44,9 44,8
The volume of coal sales in the RK mln. tons 30,7 35,6 33,8
to own PP mln. tons 15,6 18,1 17,5
third party PP mln. tons 15,1 15,9 16,3
Coal export volume mln. tons 10,2 9,6 10,9
Major consumers “Ekibastuz SDPP-1” LLP, “Ekibastuz SDPP-2 Plant” JSC, “Almaty Power Plants” JSC CHP- 2, CHP-3; “Astana Energia” JSC CHP-1, CHP-2, “KaragandaEnerogcenter” LLP CHP-1, CHP-3, “SevKazEnergo” JSC CHP-2, Petropavlovsk CHP-2, “Pavlodarenergo CHP-2, 3, Reftinsk SDPP.

The amount of utilized investments of Forum Muider B.V. (50 %) in 2019 – 8,927,791 thous. tenge

“Tegis Munay” LLP

(“Samruk-Energy” JSC – 100 %)

The purpose of “Tegis Munay” LLP business is to build ground infrastructure and equip the “Pridorozhnoe” deposit in the South Kazakhstan region of the Republic of Kazakhstan, to build a gas pipeline from “Pridorozhnoe” deposit to the Beineu – Bozoi – Shymkent gas pipeline, to produce, process and sell gas.

Creating safe working environment, ensuring environmental protection and environmental safety, the Company cooperates with research and development institutes for the implementation of energy-efficient technologies at the designed facilities of the field and energy-producing parts of the project. “Tegis Munay” LLP is an investment project of “Samruk- Energy” JSC, the profit is expected to be received from 2020–2021.

Director General: Uvakov K.A.

The amount of utilized investments in 2019 – 91,009 thous. tenge.

“Mangyshlak Munay” LLP

(“Tegis Munay” LLP – 100 %)

“Mangyshlak Munay” LLP is the holder of the suboil use right for gas exploration operations at the Pridorozhnoe field in South-Kazakhstan region. The project involves the development of gas field to ensure the scheduled construction of 175,6 MW CCGT.

Its main task is the commercial exploitation of the field in order to make up the gas deficit in the region, create new jobs, develop infrastructure, and increase social assistance and tax deductions to the budget. The field was discovered in 1978.

As a result of drilling and testing, 13 exploration wells discovered and confirmed by the State Commission for Reserves, the presence of natural gas at depths of 1100 meters and 2400 meters in the amount of 16.5 bln. cubic meters.“Mangyshlak-Munay” LLP is an investment project of “Samruk- Energy” JSC, the profit is planned from 2020–2021.

Director General: Karakushikov Y.A.

You may learn more about the company on the website: www.mangyshlak-munay.kz

“Energy Solutions Center” LLP

(“Samruk-Energy” JSC – 100 %)

“Energy Solutions Center” LLP is a service company for providing administrative support to “Samruk-Energy” JSC group of companies.

The list of services includes:

✔ IT infrastructure maintenance services;/p>

✔ Services for the maintenance of Internet resources;/p>

✔ Provision of transportation services;

✔ Real estate management services (rent, purchase, construction);

Core business: special office services (staff outsourcing), IT services, transportation services.

Location: the Republic of Kazakhstan, 010000, Nur-Sultan city, Esil district, 15 A, Kabanbay batyr ave., block B.

General Director: Abdullin A.M.

You may learn more about the company on the website: www.e-s-center.kz.

RESULTS OF OPERATIONS

Financial performance

Indicator Measurement unit 2017 2018 2019
Net income/loss mln. tenge 51 89 3
EBITDA mln. tenge 72 122 68
EBITDA Margin % 11 13 6

The amount of utilized investments in 2019 – 42,110 thous. tenge.