Kazakh Samruk-Energo reveals assets offered for sale
Astana, Kazakhstan, Nov.27
By Daniyar Mukhtarov - Trend:
Samruk-Energo Kazakh group of companies revealed organizations and facilities offered for sale within the second wave of privatization.
Thus, in 2014, some 50 percent of shares of Jambul TPP JSC, 100 percent of shares of Aktobe CHP JSC; 100 percent of shares of East Kazakhstan regional energy company JSC, 100 percent of shares of Shygysenergotrade LLP, 75 percent + 1 share of Mangistau EDC (electricity distribution company) JSC were offered for sale, said the Chairman of the Board of Samruk-Energo JSC Almasadam Satkaliyev Nov.26 at a briefing in Astana.
"It is planned to allocate the revenues from the sale of assets to the development of the main business, including the gradual build-up of energy capacities through the implementation of large investment projects," said Satkaliyev.
He said that Samruk-Energo implements the plans for the production and transmission of electricity, coal production and sales of electricity on the main types of industrial activity for 10 months of 2014.
"The total revenues for the 10 months of 2014 amounted to 189 billion KZT ($1/180.87 KZT), which is more than one and a half increase compared to the same period last year. This is due to the acquisition of a 50 percent share of Ekibastuz HPP-1 LLP," he said.
Satkaliev said that in general for 2014, the company expects to get revenues of about 260 billion KZT.
On behalf of the head of state, the government initiated the "second wave of privatization" in 2014. The sole shareholder, Samruk-Kazyna Fund, approved the list of organizations and facilities of Samruk-Energo group of companies to be sold in a competitive environment within the framework of implementation of the program.