Samruk Energy to cut investment 23% in 2015
ASTANA. Feb 27 (Interfax) - Kazakhstan's Samruk Energy will cut its investment program by 28.146 billion tenge or 23% in 2015, the company press office said.
In compliance with the Kazakh president's instructions and given the 2015 economic forecasts the company plans to cut investment spending by 28.146 billion tenge (23%), and maintenance expenditure by 10.824 billion tenge (6%), according to the statement.
However major and important investment projects under the industrialization, Nurly Zhol (Road of Progress) and EXPO-2017 programs will not be subject to cuts.
Cuts will not affect the reliable functioning of the company's enterprises, Samruk Energy CEO Almasadam Satkaliyev told a Friday briefing in Astana.
Samruk Energy controls JSC Ekibastuz GRES-1, JSC Aktobe Combined Heat and Power Plant, JSC Zhambyl GRES, JSC Bukhtarma Power Plant (GES), Ust-Kamenogorsk GES, JSC Shardara GES, JSC Moinak GES, JSC Almaty Power Stations, JSC Ekibastuz GRES-2 Station, JSC Shulba GES, JSC Balkhash Thermal Power Plant. The rated capacity of the company's power plants totals 9,665.2 MW, or 47.3% of the rated capacity of all Kazakhstan's power plants. Samruk Energy also owns electricity transmission and distribution companies.