“APP” JSC is actively implementing its strategy for continuous education. Since the beginning of the year, the company’s personnel training department has provided training for over 2000 employees, including both operational staff and engineering personnel.

The energy sector is one of those industries where ongoing education, qualification validation, and professional development are not just necessities but essential for ensuring workplace safety. Therefore, “APP” JSC has established a multi-tiered training system that caters to all levels of staff, from operational workers to top management.

Training is provided not only within the personnel training department but also through specialized educational institutions. Among the company’s partners are the Almaty University of Energy and Communications named after G. Daukeyev, Satbayev University, Al-Farabi Kazakh National University, and the Almaty State College of Energy and Electronic Technologies. So far this year, various training formats have reached over 4000 individuals.

"Given the modernization of our company’s production assets and the stringent safety requirements, we are placing a strong emphasis on enhancing the professionalism and competencies of our personnel. Employees are being trained in essential energy-related occupations and workplace safety" noted Zhanna Sapargaliyeva, Head of Human Resources Department at “APP” JSC.

In celebration of Republic Day, several dedicated employees from "Samruk-Energy" JSC group of companies have been recognized with state honors and distinguished titles.

Nurzhan Temirbayev, deputy general director for production and chief engineer at "Samruk-Green Energy" LLP, received the "Qurmet" Order, a prestigious award for his contributions.

"For distinguished service" medal was awarded to Kairat Kenesbayev, head of operations at "AES Shulbinskaya HPP" LLP; Batyrkhan Shabakbayev, head of turbine equipment maintenance at "Ekibastuz SDPP-1" LLP; Polat Bakirov, head of department at "Moynak HPP named after U.D. Kantayev" JSC; and Vladimir Vasilyev, head of the substation at "First Wind Power Plant" LLP.

The title of "Distinguished Employee of Samruk-Kazyna JSC" was awarded to Baitas Ospanov, senior manager of the Generation and Fuel Department at "Samruk-Energy" JSC; Bulat Bulumbaev, chief operations engineer at "Ekibastuz SDPP-2" JSC; Zhandarbek Zholdasov, communications technician in the relay protection, automation, and measurement service at "Shardarinsk HPP" JSC; and Alexander Yolkin, shift supervisor at B. Orazbayev CHP-1.

Additionally, several employees from Samruk-Energy’s subsidiaries received Certificates of Honor and Appreciation letters from "Samruk-Kazyna" JSC.

Chairman of the Management Board of "Samruk-Energy" JSC, Kairat Maxutov, held a meeting to review the company’s performance in workplace safety over the first nine months of 2024. The Director of the Occupational Safety Department, Duisenbek Shardarbekov, reported on the results of investigations into workplace accidents, the implementation of the Chairman’s protocol instructions, and the progress of the “Safe Production” project.

Chief executive officers of "Almaty Power Plants" JSC and "Ekibastuz SDPP-2" JSC informed the meeting participants about the measures being taken to ensure safe working conditions and to prevent injuries at the plants.

In his address, the head of Samruk-Energy, highlighting the company group’s commitment to the Vision Zero principles, emphasized the need to improve the culture of workplace safety among employees and increase the accountability of responsible officials.

Following the meeting, Kairat Maxutov instructed the heads of subsidiary and affiliates to place special emphasis on occupational safety issues and to ensure strict adherence to workplace safety regulations. He also recommended exploring the use of artificial intelligence and the implementation of video analytics. Additionally, by order of the head of Samruk-Energy, safety audits will be conducted across all production facilities in the near future.

“Safety protects the lives of our employees, so occupational safety must always be a priority. Each of our workers must return home safe and sound, where their families await them”, concluded Kairat Maxutov.

The ceremonial opening of the branch of Satbayev University’s "Energy" department took place at “Almaty Power Plants” JSC. This event marks an important step in integrating education and production, creating unique opportunities for students in the energy sector.

Satbayev University and APP re implementing dual education principles that combine theoretical learning in educational institutions with practical training at the enterprise. Students following this model will be able to apply their knowledge in a real production environment, helping young specialists quickly adapt to their professions and acquire the necessary skills for future work at the power plants.

"We have conducted extensive preliminary work to open the department's branch and prepared our staff to work with students. Our specialists possess significant practical experience and will pass it on to the students. We intend to make every effort to train qualified personnel for the energy sector",- said Erik Mashirov, Chairman of the Management Board of “APP” JSC.

The pumped storage hydropower (PSH) facility in Changlongshan commenced operations in 2022, with electricity generation reaching 2,520 GWh in 2023. The total installed capacity of the plant is 2,100 MW.

In light of the rapid development of the economy and society, the creation of energy storage systems is becoming increasingly relevant, noted Nurlan Zhakupov, head of the Fund.

Currently, the China International Water and Electric Corporation is conducting a feasibility study to identify all potential sites for the installation of PSH facilities in Kazakhstan, as there are currently no such facilities in the republic.

"We appreciate your contribution to the development of Kazakhstan's hydropower potential, as well as your support in facilitating the exchange of knowledge and expertise between the professional communities of our countries", - said Nurlan Zhakupov.

For reference. Principle of operation of PSH   

There are two reservoirs—upper and lower. At night, water is pumped to the upper reservoir using electric motor-generators. 

When the peak tariff period begins, water is released down to the lower reservoir, and the same motor-generators produce electricity.

Source: @samrukkazyna_official

A roundtable discussion was held at “Samruk-Energy” JSC, featuring Kazakhstani producers. The event was organized with the support of  "Samruk-Kazyna" Fund, in collaboration with “Samruk-Kazyna Contract” LLP, to promote and develop local producers.

During the event, Askar Baltabaev, Managing Director for Procurement and Risks, highlighted the ongoing efforts of “Samruk-Energy” JSC to enhance domestic value and advance import substitution. He also discussed initiatives aimed at increasing the share of local content in procurement processes.

At the roundtable, new offtake contracts were signed with Kazakh producers, including “Nova Vision” LLP, “Kazakhstan Pipeline Systems” LLP, and “Asia Trafo” LLP, totaling over 5.3 billion tenge. In addition, a Memorandum of Cooperation was established with “Gefest Solution Qazaqstan” LLP for the project titled "Development and Implementation of Innovative Firefighting Technologies".

The roundtable also facilitated B2B meetings with local producers, focusing on specific issues related to their participation in procurement activities.

“Samruk-Energy” JSC prioritizes local producers in its tender processes. In the first nine months of 2024, the total value of procurements involving domestic producers reached over 25.5 billion tenge.

During a recent visit to the People’s Republic of China, Kairat Maxutov, Chairman of the Board of “Samruk-Energy” JSC and He Xi, Chairman of the Board of China Power International Holding, signed an agreement to develop a 1 GW wind power plant equipped with an energy storage system in the Republic of Kazakhstan.

The agreement outlines the collaborative efforts in the project’s development and coordination of activities for its implementation. During the meeting, both parties emphasized the need for joint efforts to expedite project initiatives and discussed the integration of this significant renewable energy facility into Kazakhstan's energy system.

Делегация АО «Самрук-Энерго» под руководством Председателя Правления Кайрата Максутова в рамках рабочей поездки в г. Пекин провели встречу с руководством Power China Resources.

В ходе переговоров были детально обсуждены планы по строительству ветровой и гидроэлектростанции общей мощностью 810 МВт в Казахстане.

Стороны договорились о необходимых мероприятиях по разработке технико-экономического обоснования, проведения ветроизмерительной кампании, получения отчета по оценке воздействия на окружающую среду по международным стандартам. Также стороны наметили план работ на ближайшее время по реализации проектов.

Nurlan Zhakupov, Chairman of the Management Board of “Samruk-Kazyna" JSC held a meeting in Beijing with Zhou Fugui, Chairman of the Board of Directors of Sany Renewable Energy.

Earlier, during the Kazakhstan-China Business Council, a joint development agreement was signed with Sany Renewable Energy to localize the production of components for wind power plants, including blades, nacelles, and towers.

The parties discussed the current progress of the project during the meeting.

“This year, we have already held four high-level meetings in both China and Kazakhstan, highlighting the strategic nature of our partnership,” Nurlan Zhakupov noted during the discussions.

Sany Renewable Energy (a subsidiary of Sany Group) - is one of the world’s largest manufacturers of wind turbines.

Source: @samrukkazyna_official

Fitch Ratings has affirmed the long-term credit rating of JSC Samruk-Energy in both foreign and local currencies at "BB+" with a "Stable" outlook.

The rating affirmation is based on positive expectations regarding the company’s operational performance and strong government support. In 2024, the state transferred two hydropower plants to Samruk-Energy, and equity injections from “Samruk-Kazyna” JSC are planned to support the company’s investment plan in the coming years.

The agency assesses the role of state policy as "strong," given that Samruk-Energy is responsible for approximately 34% of Kazakhstan's electricity production and 40% of coal extraction, while also being a major employer and implementing several strategic projects for the state.

The confirmed rating also considers the ongoing policy of tariff increases, the presence of approved individual capacity tariffs for completed projects, and new investment agreements for projects such as SDPP-1, SDPP-2, and APP, which are set to take effect in 2025 and 2027, respectively.

Additionally, the agency notes the increasing share of international and local financial institutions in the company’s credit portfolio, indicating a high-quality debt profile. At the same time, the agency emphasizes that Samruk-Energy has sufficient liquidity and cash reserves to fully cover its short-term obligations.