Invest to kazakhstan
development prospects of electric
power industry in Kazakhstan
This year, KEGOC celebrated its 20th
anniversary. What are the three main
milestones the company has passed
over the years?
Over 20 years of the company's existence,
there have been many developments and
all of them have left a significant mark in
the history of KEGOC development.
Among them, there are three most
significant developments.
Bakytzhan Kazhiyev,
Chairman of KEGOC
Management Board
The first is the implementation of the
first large-scale infrastructure project:
Construction of the second line of 500 kV
North-South transit.
In the early 2000s, the southern region
of the country was energy deficient. The
electricity deficit was about 4.7 billion
kWh, and this figure, taking into account
the dynamic development of the region,
could grow further.
One of the ways to solve this problem
was the implementation of the project for
‘Construction of the second line of 500 kV
North-South Kazakhstan transit’, which
increased the electric power transmission
capacity in the direction of north-south
from 4.5 billion kWh to 7-7.5 billion kWh
(1,350 MW). The president of our country
supported this major strategic project. Its
implementation was started in 2004 and
divided into three stages: the first stage
– 500 kV OHTL YUKGRES-Shu, the second
– 500 kV OHTL Ekibastuz-Agadyr, and the
third – OHTL 500 kV Agadyr-YUKGRES.
The total length of the second line of 500
kV of the North- South transit was 1,097
kilometers.
20
world monitor
To implement the project, KEGOC raised
funds from international financial
institutions, such as the World Bank and
the European Bank for Reconstruction
and Development (EBRD), and two
loans from the Development Bank of
Kazakhstan. It should be noted that
the EBRD issued two commercial loans
without a state guarantee, which
indicates the bank’s full confidence in
the company, as well as the full financial
stability of the company.
It should be noted that this construction
used advanced world experience,
innovative technologies, including
polymer insulation and OPGW cables.
For the first time in Kazakhstan,
unique innovative equipment was used
– controlled shunt reactors of 500
kV. The existing 500 kV substations
was expanded. The line was equipped
with necessary relay protection and
emergency automations, dispatching and
technological control equipment, as well
as telecommunication facilities.
The second event is participation in the
‘People’s IPO’ government programme.
In 2014, KEGOC made an initial public
offering on the Kazakhstan Stock
Exchange, thereby taking part in the
‘People’s IPO’ government programme.
Then the demand for shares exceeded
the supply by 27 per cent and became a
sign of high confidence in the company.
As a participant of the ‘People’s
IPO’ programme the company has
significantly increased its transparency