Samruk-Energy
Company type | State-owned enterprise |
---|---|
Industry | Electric power |
Founded | 2007 |
Founder | Samruk-Kazyna |
Headquarters | , |
Key people | Maksutov Kairat (Chairman of the Management Board) |
Products | Electricity generation, transmission, and distribution |
Owner | Samruk-Kazyna (99.51%) |
Parent | Samruk-Kazyna |
Website | samruk-energy.kz |
Samruk-Energy is a state-owned Kazakhstani company engaged in the electric power sector. The company is vertically integrated, with businesses spanning coal mining, power generation, transmission, and distribution.[1]
In 2021, Samruk-Energy generated 35,609 gigawatt-hours (GWh) of electricity, a major increase from 27,760 GWh in 2017.[1]
History
The company was founded in 2007. It is a wholly owned subsidiary of Samruk-Kazyna, Kazakhstan's sovereign wealth fund.[2] The company was set up to modernize Kazakhstan's energy sector. It focuses on reducing Foreign exchange risk, improving operational efficiency, and identifying renewable energy opportunities.[1][3]
In 2013, the company secured a ₸14.2 billion (US$94 million) loan from the Eurasian Development Bank to finance the construction of Kazakhstan's first large-scale wind farm.[4] In 2016, it received a loan equivalent to €100 million in local currency from the European Bank for Reconstruction and Development(EBRD).[5]
In March 2019, Samruk-Energy became the first business partner of the European Bank for Reconstruction and Development to sign the United Nations' Women's Empowerment Principles (WEPs) as part of the EBRD's Equal Opportunities Initiative.[5] Samruk-Energy subsidiary, Bogatyr Komir LLP, is the largest coal mining company in Kazakhstan.[6]
Rating
Fitch Ratings affirmed Samruk-Energy's BB+ rating with a stable outlook in November 2022, citing improved financials and debt reduction.[1]
References
- ^ a b c d "Samruk-Energy Restructuring and Transformation Project" (PDF). Asian Development Bank. November 2022.
- ^ "Kazakhstan's Samruk-Energy to be split up before renewables business goes public - shareholder". Interfax. 2022-06-28.
- ^ "Ready for winter: Samruk Energy energy facilities received readiness certificates". Eenergy. 2019-10-22.
- ^ Hopson, Christopher (2013-05-29). "Kazakhstan to get 45MW wind farm". Recharge News.
- ^ a b Bell, Dylan (2019-03-07). "Samruk-Energy signs UN Women's Empowerment Principles". ebrd.com.
- ^ Kerimkhanov, Abdul (2019-01-31). "Coal mining in Kazakhstan hits over 117 million tons". Azer News.