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Kazakhstan Electricity Grid Operating Company (KEGOC) was established in accordance with Resolution No.1188 of the Government of the Republic of Kazakhstan dated 28 September 1996  On Some Measures to Restructure Power System Management in Kazakhstan.

The date of initial registration of KEGOC is 11 July 1997.

The Government of the Republic of Kazakhstan is the founder of KEGOC.

The authorized capital of KEGOC was established by transferring the property of KazakhstanEnergo National Power Grid based on the list defined by the above stated resolution.

The National Power Grid provides the electricity transmission from power producers with power delivery directly to the National Power Grid to wholesale customers connected to the grid (power distribution organizations, major customers).

KEGOC was assigned the System Operator of Kazakhstan by the Minister of Energy of the Republic of Kazakhstan (order No.61 dated 17 October 2014).  In accordance with the Power Industry Law in Kazakhstan the System Operator has the following functions:

1) provide system service of electricity transmission in the national power grid on the contractual basis; service the grid and maintain its operational availability;

2) provide system services of technical dispatching through the centralised operational dispatch control of operating conditions in the Unified Energy System (UES) of Kazakhstan on the contractual basis including the preparation of actual balance and daily schedules for electricity generation and consumption;

3) ensure the operational availability of the Unified Energy System of Kazakhstan;

4) render system services of balancing electricity generation and consumption;

5) provide financial settlement of electricity imbalances in the manner established by the laws of Kazakhstan;

6) quantify, structure and distribute capacity reserves between power generating companies and engage capacity reserves in the Unified Power System of Kazakhstan.

7) manage the operation of the real time balancing electricity market, the system and ancillary services market;

8) interact with power systems of neighbouring states in terms of management and ensuring stability of parallel operation conditions and regulation of electric capacity;

9) provide technical and methodical guidance in forming the unified informational system, commercial metering system, related relay protection and emergency automation devices for all participants of the wholesale electricity market;

10) ensure equal conditions of access to the national power grid for the participants of the wholesale electricity market;

11) provide the participants of the wholesale electricity market of Kazakhstan with the information except for any commercially sensitive data or any other secret protected by the law;

12) coordinate the dates of the repair windows of the main equipment of power plants, substations, transmission lines, relay protection devices and emergency control automatics, process management systems and ensure their availability;

13) participate in development of operation schedules for hydroelectric power plants based on their water management schedules and operation conditions in the Unified Energy System of Kazakhstan;

14) develop electricity and capacity balance forecasts;

15) manage the operation of the capacity market;

16) certify generating unit's capacity;

17) quarterly provide information about agreed capacity delivery conditions  to the authorized body;

17-1) confirms electricity shortage and surplus in the unified power system of the Republic of Kazakhstan as per the Rules for determining the electricity shortage and surplus in the unified power system of the Republic of Kazakhstan;

18) other functions as defined in the Power Industry Law in Kazakhstan and the laws promoting the use of renewable energy sources. 

The wholesale electricity market is a system of free relationships in purchase-sale and transfer of electricity on a contractual basis between its participants represented by power generation organizations, national transmission system, regional transmission and distribution electric networks, wholesale consumers and other centralised operational dispatch management organizations, which provides all participants with equal access to proposed goods and services.

Currently KEGOC has the following licences:

1)  construction and installation licence (state licence GSL No. 0001816 dated 07 September 2006 and Appendix thereto dated 08 December 2014), granted for unlimited time;

2) licence for electricity purchase to supply electricity (state licence GSL No. 15005114 dated 17 March 2015), granted for unlimited time;

3) precursors licence (state licence GSL No. 16002311 dated 10 February 2016 and license’s appendix No. 001 dated 10 February 2016), granted until 09 February 2021.