Kazakhstan wants to sell its largest energy-generating company

Kazakhstani state fund Samruk-Kazyna plans to sell 100% of the shares of Samruk-Energo, the country's largest energy-generating company

This was stated by Managing Director of Samruk-Kazyna on transformation, privatization and restructuring Nurlan Rakhmetov. According to him, the state fund has already chosen a consultant able to evaluate and choose the most profitable way for placement. The final decision is planned to be made after the evaluation of the consultant.

Nurlan Rakhmetov noted that the possibility of changing the fund's plans to sell its entire stake in the company is not excluded. Perhaps, after receiving an assessment, the fund decides to sell only a stake in Samruk-Energo.

The top manager of Samruk-Kazyna added that the power generating company falls under the second wave of sales for 2019.

The structure of Samruk-Energo JSC includes Ust-Kamenogorsk HPP JSC, Shardarinskaya HPP JSC, Moinak HPP JSC, Almaatinsky Power Plants JSC, Ekibastuz GRES-1 LLP, Balkhash TPP JSC ( 50% -1 share), JSC Ekibastuz GRES-2 Stations (50%), Bogatyr-Komir LLP (50%).

Samruk-Energo occupies about 30% of the electricity production market in Kazakhstan and approximately 38% of the coal market.

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