ABOUT THE COMPANY
Kazakhstan Electricity Grid Operating Company (KEGOC) joint-stock company operates the National Power Grid (NPG) of Kazakhstan and
is the System Operator of the Unified Power System of the country.
KEGOC was established as a joint-stock company (JSC) on 28 September 1996 in accordance with decree of the Government of Kazakhstan
No. 1188 On Certain Measures to Restructure Kazakhstan Power System Management. In accordance with the laws of the Republic of
Kazakhstan the Company presupposes a private ownership form. Until 2006, all KEGOC shares were owned by the Government. In 2006,
state share (100%) was transferred to Samruk JSC (the Kazakhstan holding company for management of public assets) as a payment
for the placed shares. In 2008, Samruk-Kazyna JSC (the sovereign wealth fund) was established through merger of Kazyna JSC (the
sustainable development fund) and Samruk. Samruk-Kazyna became a legal successor of Samruk.
On 18 December 2014, under the Programme for public offering of shares of subsidiaries and affiliates of Samruk-Kazyna Sovereign
Wealth Fund on the stock market (approved by decree No.1027 of the Government of Kazakhstan dated 8 September 2011 and hereinafter
referred to as People’s IPO Programme), KEGOC conducted an initial public offering of common shares of the Company on the Kazakhstan
stock market through subscription. The number of the ordinary shares of KEGOC in the Kazakhstan securities market is 25,999,999
(twenty five million nine hundred ninety-nine thousand nine hundred ninety-nine). The offer price of one ordinary share of KEGOC was
505 (five hundred and five) tenge.
Registered address: 59 Tauyelsizdik Ave, Astana, Republic of Kazakhstan.
KEGOC Mission – is to ensure reliable operation and effective development of Kazakhstan Unified Power System (UPS) in accordance
with up-to-date technical, economic, environmental and occupational health and safety requirements.
Vision – by 2025 KEGOC will become a world-class company and the regional centre of expertise in the power industry.
The main strategic goal is to create a competitive company in the global economy.
The main strategic goal is achieved through fulfilment of top-level goals:
GOAL 1
Ensure reliable operation of the Kazakhstan National Power Grid in accordance with the state needs
(NPG RELIABILITY).
GOAL 2
Develop the NPG for the benefit of the Company’s business in accordance with the economic needs of
Kazakhstan (NPG DEVELOPMENT).
GOAL 3
Enhance the efficiency of the Company’s operations (EFFICIENCY IMPROVEMENT).
GOAL 4
Increase the shareholder value of the Company (ECONOMY AND FINANCE).
GOAL 5
Improve and enhance the efficiency of the electricity market in the Republic of Kazakhstan
(MARKET DEVELOPMENT).
GOAL 6
Promote the corporate governance and sustainability
(CORPORATE GOVERNANCE. SUSTAINABLE DEVELOPMENT).
GOAL 7
Achieve stable partner relationships with the utility companies of neighbouring countries
(INTERNATIONAL COOPERATION).
The main services are as follows:
• Electricity transmission via trans-regional networks;
• Technical dispatching of the electricity supply to the grid and electricity consumption;
• Balancing of electricity production and consumption.
The above mentioned services fall under the sphere of natural monopoly; in this connection, KEGOC operations shall be regulated by the
Law of the Republic of Kazakhstan On Natural Monopolies.
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