“Samruk-Energy” JSC reviewed its subsidiaries and affiliates performance results for 2018

The results of financial and economic operations of subsidiaries and affiliates of the energy holding company for 2018 were reviewed and tasks for 2019 were discussed at “Samruk-Energy” JSC.

Bakitzhan Zhulamanov, Chairman of the Board of “Samruk-Energy” JSC noted that the shareholder SWF “Samruk-Kazyna” positively evaluated the energy holding’s exit from the “red zone” of financial risk by reducing the company's debt by 50 billion tenge, as well as an increase in EBITDA according to the results of 2018.

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 “Samruk-Energy” JSC performed the extensive work in 2018 on updating the main program document - the Company's Development Strategy for 2018-2028. Its successful implementation and execution of the Development Plan for 2019-2023 is the main task of each company,”said Bakitzhan Zhulamanov.

During the meeting, the heads of such subsidiaries of “Samruk-Energy” JSC as “Ekibastuz SDPP-1 named after B.Nurzhanov” LLP, “Ekibastuz SDPP-2 Plant” JSC, “Almaty Power Plants” JSC, “Alatau Zharyk Company” JSC, “AlmatyEnergoSbyt” LLP , “Shardarinsk HPP” JSC, “Moynak HPP named after U.Kantaev” JSC, “First Wind Power Plant” LLP, “Bogatyr Komir” LLP, “Samruk Green Energy” LLP, “Resursenergougol” LLP and “Energy Solutions Center” LLP reported on current state of affairs in companies and submitted suggestions for further operation of enterprises.

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It should be noted that generating companies of the Company 100% accomplished their production figures in 2018. The generated electricity amounted to 31, 7 billion kWh, which is 11% higher compared to 2017. 45.2 million tons of coal were sold, while the plan was 41.3 million tons.

Following the meeting, the Chairman of “Samruk-Energy” JSC gave a number of instructions to the CEOs of subsidiaries and affiliates, in particular, to take necessary actions aimed at preventing workplace accidents and to keep the issues of social stability under control.

This type of meetings will be held on a regular basis, every quarter.

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2019.02.26
2019.03.04

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