On 15 March, KEGOC held an annual event to present the results of the past year and identify priorities for the current year. During the event, the results of the Company's operation and economic performance in 2022 were summarised, and reports of the heads of the MES branches and NDC SO and the CEO of Energoinform JSC were presented.

The jubilee year of 2022 saw the implementation of all plans, including fulfilling operation targets, meeting investment project deadlines, providing comfortable and safe working conditions, and enhancing the welfare of KEGOC employees. Key achievements in the reporting period include:

‒     completion of construction of 220 kV Ortalyk substation as part of Turkestan External Power Supply Reinforcement Project;

‒     early full repayment of USD 46.3 million loan from the International Bank for Reconstruction and Development;

‒     successful green bond placement to finance the investment projects;

‒     holding of the first health and safety forum attended by the representatives of the Ministry of Energy of Kazakhstan, managers and HSE experts of the Samruk-Kazyna Group of companies, as well as companies from CIS countries;

‒     renewal of the voluntary health insurance programme for the Company's employees;

‒     increase in total annual income of 28%-48% for workers, 15%-36% for engineers and technicians, and 10%-15% for middle management;

‒     launch of the concessional housing loan programme, which aims to retain and attract highly qualified staff by providing a bank loan at a preferential interest rate.

Chairman of the Management Board Kanysh Moldabayev noted that these measures provided an additional impetus to motivate employees, improve their well-being, and maintain a high level of corporate culture and social stability in the Company.

In 2023, the Company faces no less ambitious tasks: continuing work on the South Kazakhstan Electricity Transmission Reinforcement Project and the West Kazakhstan Power System Interconnection Project; entering the stock market; receiving an ESG rating; and implementing planned activities to improve employee well-being.

In summarizing the meeting, Kanysh Moldabayev expressed confidence that, thanks to the team's well-coordinated work, KEGOC can look confidently into the future, be ready to solve complex technical and technological problems, and be able to confirm the Republic of Kazakhstan's leadership in the power industry in 2023.