Company history

1997


11 July

Kazakhstan Electricity Grid Operating Company (KEGOC) joint stock company was founded based on the asset portfolio of KazakhstanEnergo National Holding within structural reforms in the power system management in the Republic of Kazakhstan.

1998


8 October

An application was made to the National patent office for registration of the name and the logo of the Company. 

The leading international rating agencies confirmed the financial standing of the Company.

25 November

Agreement for parallel operation of the power systems of the CIS members-states was signed at the meeting of the Council of CIS State Leaders.

1999


7 January

Kazakhstan Electricity Association was established; KEGOC was one of its founders.

The Company entered into loan agreements with the International Bank for Reconstruction and Development and the European Bank for Reconstruction and Development to raise finds for the Kazakhstan Electricity Transmission Rehabilitation Project, Phase I to the total amount of USD 185 million.   

2000


For the first time ever, electrical circuit arrangement was created for parallel operation Russia – Kazakhstan – Central Asia.

2003


At the initiative of Kazakhstan, Coordination Electric Power Council of Central Asia (CEPC CA) was established with the participation of national energy companies from Uzbekistan, Kazakhstan, Kyrgyzstan and Tajikistan.

Trade union of Kazakhstan Electrical Industry workers, EnergoTekhProfSoyuz public association, was established at the initiative of KEGOC employees.

2004


January

The Law on power industry was adopted; the Law defines status, rights and obligations of KEGOC.

March

The Company signed Loan agreements with the EBRD and the Development Bank of Kazakhstan (DBK) within the Project for 'Construction of 500 kV Second Transmission Line of Kazakhstan North-South Transit' to the total amount of USD 81 million.  

June

The head office was relocated to the capital of Kazakhstan – the city of Astana.

August

In pursuance with the order of the Ministry of Energy and Mineral Resources, KEGOC was assigned with functions of System Operator of Kazakhstan Unified Power System. 

By decision of the Board of Directors the branch 'Central office of Central Dispatch Administration (CDA) of the Unified Power System of Kazakhstan' was renamed to 'the National Dispatch Centre of the System Operator'.  

2005


10 June

The first meeting of the Coordination Electric Power Council of Central Asia took place in Astana.

November

The Company signed Loan agreements with the IBRD, the EBRD and the DBK within the Project for 'Construction of 500 kV Second Transmission Line of Kazakhstan North-South Transit' to the amount of USD 187.8 million and KZT 6,970.1 million.

2006


February

In pursuance with the Decree of the Government of the Republic of Kazakhstan, the state share was transferred to Samruk JSC (the Kazakhstan holding company for management of public assets) as a payment for the placed shares.

6 September, Ulke Substation

The Head of the state, Nursultan Nazarbayev, launched the construction of 500 kV inter-regional power transmission line North Kazakhstan - Aktobe oblast.  This public-private partnership project was implemented with Batys Tranzit JSC; 20% of shares of the concessioner are owned by KEGOC.

22 December

Relocation of the National Dispatch Centre from Almaty to Astana (the capital of Kazakhstan) was complete.  New supervisory control centre was presented to foreign guests, participants of CIS Electric Power Council.

As a part of implementation of the Kazakhstan Electricity Transmission Rehabilitation Project, SCADA/EMS was put into operation.

Analogue communication networks were replaced with digital communication networks within the Kazakhstan Electricity Transmission Rehabilitation Project, Phase I (branch exchange, Radio Relay Communication, PLC)

2007


The main components of the Kazakhstan Electricity Transmission Rehabilitation Project, Phase I were completed.

A decision was made to implement Integrated Management System (IMS).

The Company annually certifies its quality management (ISO 9001:2008), environmental management (ISO 14001:2004) and occupational health and safety management systems (OHSAS 18001:2007).

The corporate risk management system was launched.

2008


The balancing electricity market started to operate in simulation mode.

The Company's employees, KEGOC and EnergoTekhProfSoyuz signed a three-party Collective labour agreement.

June

In Atyrau, during the meeting of the Council of foreign investors, the Company entered into a Loan agreement with the EBRD for unsecured loan amounting to Euro 255 million to fund the Kazakhstan Electricity Transmission Rehabilitation Project, Phase II.

22 October

The official ceremony marking the commissioning of 500 kV OHTL YuKGRES - Shu took place at 500 kV Shu SS (Zhambyl oblast).  The first phase of the Construction of 500 kV Second Transmission Line of Kazakhstan North-South Transit was successfully finished.  The transmission line was accepted for commercial operation with taking-over certificate approved by order No. 298 of the Ministry of Energy and Mineral Resources dated 03 December 2008.

December

On 17 December, 500 kV OHTL Northern Kazakhstan - Aktobe oblast was energized at Ulke SS. 500 kV OHTL Zhitikara-Ulke was commissioned with taking-over certificate approved by order No. 359 of the Ministry of Energy and Mineral Resources dated 31December 2009.    

The Corporate Governance Code was approved by the decision of the Sole shareholder.

2009


The fibre optic communication line was introduced for the first time under the Project 'Construction of 500 kV Second Transmission Line of Kazakhstan North-South Transit'.

27 May

500 kV OHTL Agadyr-YuKGRES (the third phase of the Project 'Construction of 500 kV Second Transmission Line of Kazakhstan North-South Transit) was successfully commissioned with participation of Karim Massimov, Prime Minister of the Republic of Kazakhstan.  The transmission line was accepted for commercial operation with taking-over certificate approved by order No. 243 of the Ministry of Energy and Mineral Resources dated 10 September 2009.

September

On 17 September, official ceremony marking the commissioning of section of 500 kV OHTL Ekibastuz-Agadyr took place at 1150 kV Ekibastuzskaya SS with participation of the Head of the state Nursultan Nazarbayev.  The transmission line was accepted for commercial operation with taking-over certificate approved by order No. 327 of the Ministry of Energy and Mineral Resources dated 04 December 2009.

This megaproject included construction of 1096 km of 500 kV overhead lines; the capacity of the power bridge linking the North and the South of Kazakhstan doubled to 1350 MW.    

November

Loan agreement was signed with the International bank for reconstruction and development to the amount of USD 48 million for implementation of the Moinak Electricity Transmission Project.

December

The last component of protective relays and automation rehabilitation was finished within the Kazakhstan Electricity Transmission Rehabilitation Project.

2010


February

The first transaction was performed through the electronic centralised electricity trading system

April

A complete package of agreements was signed to ensure parallel operation of the power systems of Kazakhstan and Russia.  It was a new stage in partnership relations with Inter RAO UES JSC, FGC UES and SO UES (Russia).

KEGOC Long-Term Development Strategy 2025 was approved at the meeting of KEGOC Board of Directors

November

According to the decision of the Board of Directors, subsidiary EnergoInform JSC was established

December

Loan agreement was signed with the International bank for reconstruction and development to the amount of USD 78 million for implementation of the Alma Electricity Transmission Project 

The Company completed commissioning of new microprocessor-based protective relays and substation monitoring and control system supplied under the Kazakhstan Electricity Transmission Rehabilitation Project, Phase I. The protective relays and substation monitoring and control system were rehabilitated at 67 KEGOC substations.

2011


January

The Company was positioned in the first echelon among participants of People's IPO.

March

Standard & Poor's rating agency raised the corporate governance rating from GAMMA to GAMMA 5+

May

Loan agreement was signed with the EBRD within the Ossakarovka Transmission Rehabilitation Project to the amount of USD 156 million, including the finds for rehabilitation of 220 kV OHTL amounting to USD 14.8 million, and the rest part purposed for refinancing the previous EBRD and DBK loans.

October

Under the Moinak Electricity Transmission Project, new section of 220 kV overhead lines connected the hydroelectric power plant with Kazakhstan UPS and consumers in the southern power region.

November

The company held public hearings regarding the Project ‘Construction of 500 kV OHTL Ekibastuz – Shulbinsk HPP – Ust-Kamenogorsk.

The Company implemented the instructions of the Head of state relating to reinforcement of the capital power region. Installation of new autotransformer was finished at 500 kV TsGPP SS; Astana capacity reserves increased by 25 % - to 500 MVA.  On 20 October the autotransformer was energised.

December

The Innovation and Technology Development Strategy 2025 was approved 

The Scientific and Technical Council approved the Master plan for energy sector development up to 2030.

2012


July

The head of the state signed the Capacity Market Law of the Republic of Kazakhstan initiated by KEGOC.

2013


March

KEGOC was honoured with the II degree diploma 'En uzdik zhumys berushi – ulttyk kompaniya' (The best national employing company) in Senim 2012 Contest.

May

KEGOC joined the United Nations Global Compact.

July

Based on the results of the scheduled supervision audit, the current integrated management system of KEGOC was recognized as satisfactory to international standards.

November

Fitch Ratings confirmed the long-term issuer default rating (IDR) of the Kazakhstan Electricity Grid Operating Company (KEGOC) at BBB+ level.Outlook – Stable.

December

KEGOC became the winner of Paryz-2013 prize by winning the gold medal in the nomination for the Best socially responsible enterprise among large businesses.

December

KEGOC completed the construction of 500 kV OHTL YuKGRES - Alma ahead of the schedule. 

2014


11 April

KEGOC won The Best National Employer award in the Senim 2014 contest.

11 June

KEGOC released the first unique industry business guide: ‘Corporate social responsibility for energy companies: raising the business efficiency’.

2 July

During the republican teleconference held as part of the Government reporting on the progress of the national industrial innovative programme titled ‘New industrialization: the results of H1 2014’, Mr Nazarbayev, the President of Kazakhstan, formally launched the large-scale project for construction of a 500 kV transmission line going from the north through to the east and the south of the country.

21 May

The company completed construction of the new office building.

18 December

As part of People's IPO programme KEGOC offered its ordinary shares on the Kazakhstan stock market through subscription. The number of KEGOC's ordinary shares floated on the Kazakhstan stock market is 25,999,999. 

2015


30 April

The first Annual General Meeting of KEGOC Shareholders took place and approved the annual financial statements, distribution of the net profit, decision to pay dividends on ordinary shares, and the amount of the dividend per one ordinary share of KEGOC for 2014.

13 May

KEGOC declared commencement of KEGOC Business Transformation Programme aimed to improve the efficiency of its activities.

25 May

KEGOC paid dividends on ordinary shares following 2014 in the amount of 8,613,800,000 (eight billion six hundred and thirteen million eight hundred thousand) tenge.

21 September

The Committee on Regulation of Natural Monopolies and Protection of Competition under the Ministry of National Economy of Kazakhstan approved cap tariffs of Kazakhstan Electricity Grid Operating Company – KEGOC JSC for 2016-2020. 

25 September

KEGOC team took the second place in the XII International competition to test the professional skill of electric power industry experts from CIS countries – International repair and maintenance competition for 110 kV and higher electricity transmission lines.

16 October

The extraordinary general meeting of shareholders approved the new revised versions of the Regulations on the General Meeting of KEGOC Shareholders, Charter, Corporate Governance Code and the Regulations on KEGOC Board of Directors.

2016


29 April

The annual General Meeting of KEGOC's Shareholders reviewed and approved the annual financial statements of KEGOC for the year ended on 31 December 2015.  

July

KEGOC became a member society of International Council on Large Electric Systems (Conseil International des Grands Réseaux Électriques – CIGRE).  CIGRE members include more than 1,000 organizations and more than 6,000 experts in all areas of the electricity industry.  

9 September

KEGOC and trade union representatives signed new Collective Agreement for 2016-2020  

23 September

KEGOC team took the first place in the XIII International repair and maintenance competition for 110 kV and higher electricity transmission lines to test the professional skill of electric power industry experts from CIS countries.  

28 October

Extraordinary General Meeting of Shareholders of KEGOC considered the proposed distribution of net income, decided to pay dividends on ordinary shares, approved the amount of dividends per one ordinary share of KEGOC for H1 2016, and decided to change the number of members of the Board of Directors of KEGOC to eight (8) members. The independent members were elected and their term of office was aligned with the term of office of the Board of Directors of KEGOC in general.  

17 November

25th anniversary meeting of the Coordination Electric Power Council of Central Asia 

18 November 

KEGOC paid dividends on ordinary shares (KZ1C34930012) following 2016 in the amount of six billion four hundred eighty one million eight hundred thousand (6,481,800,000) tenge. 

6 December

Commissioning of 500 kV Ekibastuz-Shulbinsk HPP (Semey) -Ust-Kamenogorsk Electricity Transmission Project. 

12 December

Extended meeting of the KEGOC's Modernization Board with the participation of Umirzak Shukeyev, the Chairman of the Management Board of Samruk-Kazyna, discussed the Roadmap business transformation programs KEGOC for 2017, the portfolio of projects and projected financial program of business transformation performance of KEGOC for 2020 - 2015. 

29 December

KEGOC became a prize winner in the following nominations: The Best Sustainability Report, The Best Interactive Annual Report and Design and Printing Art in the annual reports contest for 2016 held by RAEX (Expert RA Kazakhstan).

2017


On 5 January

The Company early repaid the EBRD loan of USD 151.9 million that was raised to complete 'Ossakarovka Transmission Rehabilitation Project'

On 26 May

In Almaty KEGOC chaired an important regional event in the power industry, namely the 26th meeting of the Coordination Electric Power Council of Central Asia (CEPC CA). 

On 14 July

KEGOC held an international conference, dedicated to the 'Astana EXPO-2017' international exhibition and celebration of the 20-year anniversary of KEGOC.

On 7 August

To reduce the debt burden, KEGOC early repaid EUR 23.8 million of two semi-annual payments for 2018 under EUR 228.41 million loan extended by the European Bank for Reconstruction and Development for the implementation of Kazakhstan Electricity Transmission Rehabilitation Project, phase 2.

On 21 September

KEGOC's team took the first place in the competition for knowledge of the state language held among employees of Samruk-Kazyna group of companies.

24-25 November

In Karaganda city, KEGOC held a sport event for the employees of KEGOC dedicated to the Independence Day of the Republic of Kazakhstan and the 20th anniversary of KEGOC.

2018


On 17 - 20 September

KEGOC's team won the second place in the XV International competition for the professional skill of electric power industry experts from the CIS member-states, which took place in Belarus, in the city of Brest.

On 2 November

The central office of KEGOC held the 53rd meeting of CIS Electric Power Council (CIS EPC), attended by delegations of state authorities and companies of the electric power industry from Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia and Uzbekistan, and representatives of the Executive Committee of the CIS, Eurasian Economic Commission and Energiya Coordinating Dispatch Centre. 

On 29-30 November

In Rudny city, KEGOC held a sport event for the employees of KEGOC; the first team place was taken by the Sarbaiskiye MES branch athletes.

On 30 November

KEGOC was the first portfolio companies of Samruk-Kazyna signed the contract for supply of high-voltage equipment with domestic producers under the Agreement on Cooperation between Samruk-Kazyna Sovereign Wealth Fund and Atameken Kazakhstan National Chamber of Entrepreneurs.

On 11 December

During a live national TV-conference participated by the President of Kazakhstan, KEGOC put into operation 500 kV overhead line Shulbinskaya HPP (Semey) - Aktogai - Taldykorgan - Alma. 

2019


January

Starting 1 January 2019, the Republic of Kazakhstan launched a new energy market: the electric capacity market, which divided the once single electricity market into two separate segments: electricity and capacity

15-22 April

In the city of Kostanay, the regular VIII professional skill contest of the operational and dispatching staff of the regional dispatch centres (RDCs) of KEGOC took place

27 April

KEGOC held a sports marathon dedicated to the World Day for Safety and Health at Work for the employees of the company

27 June

The employees of KEGOC and its subsidiaries supported the affected by the emergency in the town of Arys by transferring oneday salary to a special fund established to support the residents of the town

July

KEGOC completed the implementation of Pavlodar Electricity Transmission Reinforcement Project

August

KEGOC successfully completed the construction of 220 kV OHTL between Tulkubas traction SS and Burnoye traction SS under Kazakhstan Electricity Transmission Rehabilitation Projects, Phase II.

22 August

KEGOC’s employees participated the annual charity campaign titled ‘Let’s Help Children Prepare for School’

15-18 October

KEGOC held professional skill competitions, in which the team of electricians of Almatinskiye MES branch of KEGOC took the first place in servicing overhead lines of the national power grid.


2021


27 January

KEGOC successfully placed 8.9 billion bonds on Kazakhstan Stock Exchange JSC (KASE) for the amount of KZT 8.6 billion with weighted average yield to maturity of 11.6161 % per annum.

21 May

In accordance with the decision of the annual General Meeting of Shareholders, KEGOC paid dividends for 2020. The amount of dividends was KZT 19.5 billion or KZT 75.01 per ordinary share.

14 October

The Committee for Nuclear and Energy Supervision and Control of the Ministry of Energy of the Republic of Kazakhstan issued KEGOC a certificate of readiness for operation in 2021-2022 autumn-winter period.

21 October 

KEGOC successfully placed bonds on Kazakhstan Stock Exchange JSC (KASE) for the amount of KZT 16.6 billion with yield of 11.50 % per annum.

19 November      

KEGOC paid dividends on its ordinary shares for the first half of 2021. The amount of dividends was KZT 22,027,082,239.2 or KZT 84.72 per ordinary share.

24 November      

An Extraordinary General Meeting of Shareholders of KEGOC was held, during which, on the personal initiative of Bakytzhan Kazhiyev, his powers as the Chairman of the Management Board and a member of the Board of Directors of KEGOC were prematurely terminated.

The Extraordinary General Meeting of Shareholders of KEGOC appointed Kanysh Moldabayev Chairman of the Management Board of KEGOC for a period of three years, and his powers as Chairman of the Board of Directors of KEGOC were also prematurely terminated.

15 December       

KEGOC took second place in the second Qazaqstan Project Management Awards-2021 national competition with the project of Automation of control modes of the Unified Power System of Kazakhstan.

21 December       

The Board of Directors of KEGOC approved the updated Development Strategy of KEGOC for 2022-2031.

30 December       

Financial Settlement Centre for Renewable Energy Sources Support, the subsidiary of KEGOC was alienated by gratuitous transfer to the state ownership of 100% of the stock owned by KEGOC.

 

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