Development Strategy

Based on the development and transformation of the energy system, ensuring decarbonization, and sustainable economic growth of Kazakhstan, the strategic vision of the Company has been defined as follows: 'A system operator of the Unified Power System of Kazakhstan, facilitating the transformation of the future energy system and market in the context of the energy transition, meeting the growing needs of the economy, and contributing to the development of a sustainable electricity system through infrastructure planning and the development of clean energy.' Mission of the Company - Ensure reliability, availability and advanced development of the energy system of Kazakhstan.

In accordance with the mission of the Company, the following strategic areas of activity have been identified:

1. Provide quality system services. The goal is to ensure the transmission, use of NPG, balancing and technical dispatching of electrical energy.

2. Increase in the net asset value. The goal is financial stability, identification of a portfolio of projects and initiatives, implementation of large investment and profitable projects, including advanced clean technology and digitalisation projects, reduction of own carbon footprint and improvement of corporate governance in accordance with ESG principles.

The Vision and the Mission will be achieved through strategic goals and objectives set for each goal:

Goal 1: Ensure reliable operation of the Kazakhstan UPS in an energy transition environment

1.    Deliver functions of the System Operator of Kazakhstan UPS.

2.    Secure outstripping Kazakhstan's NPG development and achieving the aim of integrating 19% of renewable energy sources into the system.

3.    Implement modern innovative and digital technologies, and artificial intelligence to develop an intelligent energy system (Smart Grid).

Goal 2: Ensure sustainable development based on ESG principles.

1.    Reduce carbon footprint.

2.    Develop human capital.

3.    Enhance corporate governance.

4.    Enhance occupational safety system.

Goal 3: Increase in the net asset value.

1.    Strengthen financial stability

2.    Build and maintain a positive image of the Company.

3.    Develop international cooperation.

The development Plan (Strategy) of KEGOC for 2023-2032

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