On November 20, 2023, KEGOC hosted a visiting meeting of members of the Majilis of the Parliament of the Republic of Kazakhstan's Committee on Ecology and Environmental Management, led by Albert Rau, Deputy Chairman of the Majilis of the Parliament of the Republic of Kazakhstan. The discussion focused on the single power purchaser's activity, the balancing market, and KEGOC's intentions for further development of the national power grid under the new electricity market model.
Zhandos Nurmaganbetov, Vice Minister of Energy of the Republic of Kazakhstan, Sungat Yesimkhanov, Chairman of the Committee for Nuclear and Energy Supervision and Control of the Ministry of Energy of the Republic of Kazakhstan, and Nabi Aitzhanov, Chairman of the Management Board of KEGOC, attended the meeting. The participants discussed the current state of the power industry following the implementation of the new market model, as well as concerns regarding the future growth of the national power grid.
The expected balances for the forthcoming autumn-winter period are predicted to be in deficit, according to Nabi Aitzhanov, CEO of KEGOC.
"The operational capacity of 15.54 GW and the anticipated maximum electric load of 17 GW indicate that there will be a shortage of roughly 1.5 GW. Simultaneously, the total electricity shortfall throughout the winter season might reach approximately 1.8 billion kWh. As things stand, the shortage will be covered by electricity imports from Russia," he stated.
KEGOC, in turn, successfully finished the autumn and winter peak load preparations. At a cost of almost KZT 2.5 billion, 574 national electricity grid facilities underwent repairs, and the authorization to operate for the autumn and winter of 2023–2024 was obtained.
KEGOC is carrying out a significant investment programme in line with the state's energy sector development initiatives and development perspective. The current three major investment projects—the strengthening of power grids in Zone West and Zone South of Kazakhstan's energy system, the first stage of rehabilitation of 220-500 kV power transmission lines in Aktobe, Sarbay, and Zapadnye MES branches, and the creation of conditions for the planned commissioning of generation facilities into the country's unified energy balance—are intended to increase power supply reliability and ensure energy security.
Furthermore, KEGOC intends to carry out several additional NPG development projects until 2035. These projects include connecting the West Kazakhstan's energy system to Kazakhstan's unified power system, building a DC line that runs north-south, building 500 kV TsGPP - Karaganda - Nura transmission line, and continuing the two additional stages of rehabilitation of the company's power grids that span all of its regions of presence.
The Company anticipates that the completion of these projects will boost the nation's energy independence, greatly expand transportation possibilities, and harmonise the plans for the construction of generating capacities slated for commissioning until 2035.
The participants also talked about how the new market model works: this year, the nation saw the introduction of the Balancing Power Market and the Unified Power Purchaser mechanism. The System Operator outlined its goals for the energy market's continued development.