Baku, Azerbaijan, Jan. 22
By Elena Kosolapova - Trend:
Samruk-Kazyna National Welfare Fund of Kazakhstan will put out 22 of its assets for privatization in 2015, Nurlan Rakhmetov, the chief financial officer and board member of Samruk-Kazyna told Trend.
"The proceeds will be directed for the implementation of investment projects," he said. "Given that our investment programs are quite extensive (tens of billions of dollars), we will direct the proceeds for the investment projects in various spheres."
He said that currently there are no ready estimations of prices of these companies.
The chief financial officer said that the price of the each facility would be determined before the output for sale. The evaluation is valid for a six-month period. If the company is not sold within this period, it will be reevaluated.
"The amount of the proceeds from the sale of each company will be known in the process of the presale preparations," Rakhmetov added.
The privatization program in Kazakhstan is being implemented in accordance with a presidential order. The program is scheduled for 2014-2016. Around 60 companies of the Samruk-Kazyna Fund were put out for privatization in 2014.
Samruk-Kazyna National Welfare Fund was created in accordance with the decree of the President of Kazakhstan in 2008 to improve the competitiveness and sustainability of the national economy.
It brings together almost all state-owned assets of Kazakhstan and manages these assets on behalf of the government. KazMunaiGas NC JSC, the railway operator - Kazakhstan Temir Zholy JSC, Kazakhstan Electricity Grid Operating Company JSC (KEGOC), communication operator Kazakhtelecom JSC, Kazatomprom JSC National Atomic Company are among these assets.
Edited by CN