KEGOC has outlined the augmentation of the Company's net asset value as one of its trio of strategic aims until 2032, with a strong emphasis on bolstering investment allure.
The escalation in net asset value will be attained through reinforcing financial stability via enhanced operational efficiency, judicious allocation of resources for capital investments, prudent handling of equity and borrowed funds. The reduction of capital acquisition costs will also be achieved through systematic efforts to ameliorate KEGOC's credit rating.
The fruitful execution of investment endeavors necessitates an effective financial strategy and an adeptly managed investment project portfolio system. The Company will persist in ensuring the dependable operation of Kazakhstan's unified power system (UPS) amidst the challenges posed by the energy transition. The pivotal factors for triumph in this endeavor will be the proficient execution of the roles of the system operator and the realization of major investment projects for the expansion of the national power grid (NPG).
Ambitious national targets for low-carbon progress and the steady augmentation of the proportion of renewable energy sources (RES) in the energy mix to 19 percent by 2032, and eventually 50 percent by 2050, necessitate the commissioning of novel capacity, approximately 11.7 GW by 2029. The surplus RES capacity is predominantly concentrated in the Southern region of Kazakhstan. To reinforce the networks of Zone South and seamlessly integrate RES, the company has embarked on a project to reinforce the electricity network of Zone South of Kazakhstan. The project encompasses the construction of two overhead transmission lines spanning a distance of 475 km (Shu - Zhambyl - Shymkent) and the renovation of three 500 kV substations, namely Shu, Zhambyl, and Shymkent" to be completed by the culmination of 2027.
The company's prospective initiative to interlink the western energy zone with the UPS will serve as the pivotal power grid infrastructure advancement project for the upcoming decade, connecting the energy systems of Western Kazakhstan with the UPS of Kazakhstan.
KEGOC is resolute in its pursuit of attaining the long-term objective of enduring sustainable development in accordance with the ESG (Environmental, Social, and Governance) principles. The endeavours directed at fostering human capital, refining the corporate governance structure, curbing the carbon footprint, embracing energy conservation, and optimizing energy efficiency are all geared towards attaining pivotal performance benchmarks across all domains. A shift towards procuring "green" electricity to offset technological power consumption within the grid, a methodical progression towards replacing conventional vehicles with electric counterparts, and the implementation of other decarbonization measures are poised to yield a 3% reduction in direct CO2 emissions by 2032.
Supported by a steadfast fiscal footing, a robust capacity for innovation, substantial adeptness in executing investment initiatives, mastery of contemporary managerial techniques, and the adept utilization of cutting-edge technologies, KEGOC is primed to capably realize its strategic objectives and augment the investment allure of the enterprise.