Key events during the reporting period

August 2

The import of electricity from “Ekibastuz SDPP-1” LLP was stopped based on the initiative of “Inter RAO” PJSC; at the opinion of the Russian company, this was done because of the need to revise the relationship model under the agreement between “Inter RAO” PJSC and “Ekibastuz SDPP-1” LLP. “Inter RAO” PJSC also initiated the revision of the Regulation on the planning of parallel operation modes of the UES of Kazakhstan and the UES of Russia in terms of synchronizing the results of competitive procedure a day ahead in the export-import section of Russia – North Kazakhstan – Aktobe” and “KEGOC” JSC

November 28

The RK Ministry of Energy amended the “Rules for approving the ceiling tariff for electricity...” in part of supplementing the composition of costs taken into account at setting ceiling tariffs for electricity

November 29

The RK Ministry of Energy, in connection with the introduction of the Capacity Market, approved a single ceiling tariff for the service to maintain the availability of electric capacity in the amount of 590 thousand tenge/MW*month

November 30

“Samruk-Energy” JSC placed bonds of the third issue as part of the first bond program in the amount of 21.7 bln. tenge

August – December

In order to fulfill instructions of the RK President and the RK Government’s ongoing work aimed at reducing tariffs for housing and utility services for 2019. Tariffs for 2019 for entities regulated by CRNM and PC under MNE were reduced, among such entities: ”APP” JSC (heat tariffs). "AlmatyEnergoSbyt" LLP, "Alatau Zharyk Company" LLP, the reasons for a decrease were cutting costs and the exclusion of entities’ profits, the decrease in gas prices, the introduction of compensating tariffs

November 8 and December 5

“Samruk-Energy” JSC signed loan agreements with the Asian Development Bank for a total amount of 120 mln. USD in tenge equivalent

December 14

In connection with the introduction of the Capacity market. the RK Ministry of Energy approved the ceiling capacity tariffs for 43 groups of EPO for the period of 2019–2025. Tariffs are approved for the period 2019–2025.

The RK Ministry of Energy amended the “Methodology for determining fixed profit taken into account when approving ceiling tariffs for electricity...” in terms of eliminating previously fixed profits taken into consideration when calculating ceiling tariffs for electricity for EPO (previously the fixed profit level in the approved Methodology was 12 %)