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]
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]
Operations
The company has a diverse portfolio of power plants, including hydropower and thermal power plants, as well as coal mining operations.[1] Samruk-Energy also operates coal mining assets to secure fuel supplies for its thermal power generation. In 2021, the company generated 35,609 gigawatt-hours (GWh) of electricity, a major increase from 27,760 GWh in 2017.[1]
Rating
Fitch Ratings affirmed Samruk-Energy's BB+ rating with a stable outlook in November 2022, citing improved financials and debt reduction.[1]
See also
References
- ^ a b c d e "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.