Repeated tenders for sale of “EK REC” JSC and “Mangistau DPGC” JSC are recognized as valid

“Samruk-Energy” joint-stock company summed up the results of open two-stage tenders for sale of 100% shares of “EK REC” JSC which comprises “Shygysenergotrade” LLP, and 78,64% of “Mangistau DPGC” JSC.

Repeated tenders for sale of “EK REC” JSC and “Mangistau DPGC” JSC are recognized as valid

“Samruk-Energy” joint-stock company summed up the results of open two-stage tenders for sale of 100% shares of “East Kazakhstan Regional Electricity Company” JSC which comprises “Shygysenergotrade” LLP, and 78,64% of “Mangistau Distribution Power Grid Company” JSC.

- Bids of tenders’ participants representing domestic business, exceeded the initial announced price by an average of 10%”, - informed Kairat Maksutov, Managing Director for Economy and Finance of “Samruk-Energy” JSC.

The parties will proceed to executing the deal after obtaining corporate approvals and approvals from state bodies. Open two-stage tenders for sale of distribution power grid companies were held in July this year.

Concurrently, “Samruk-Energy” JSC carries out procedures on closing the deal on sale of 100% shares of “Aktobe CHP” JSC, which is planned to be completed before the end of this year.

“EK REC” JSC is one of the largest regional power transmission companies in Kazakhstan. The length of grids is over 34.5 thousand km. The area of ​​the serviced territory is 283 thousand sq.km, the number of customers is circa 500 thousand.

“MDPGC” JSC is the largest natural monopoly entity which is engaged in transmission and distribution of electricity in Mangistau region. The entity owns more than 6 thousand km. of power transmission lines and 57 substations with a total capacity of 1974.5 MVA. The share of "MDPGC" JSC in Mangistau region’s electricity transmission and distribution market, except for Aktau city, is 100%. The main consumers are oil and gas enterprises.

2017.09.19
2017.09.20

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