Prime Minister Olzhas Bektenov held a meeting of the Board of Directors of National Welfare Fund Samruk-Kazyna JSC, El.kz cites primeminister.kz.
The results of the Fund's work for 2024 and issues of its further development were considered, taking into account the tasks set by President Kassym-Jomart Tokayev during the extended Government session.
Nurlan Zhakupov, Chairman of the Management Board of National Welfare Fund Samruk-Kazyna JSC, reported on the implementation of investment projects.
In order to ensure uninterrupted power supply, power unit №1 of Ekibastuz GRES-1 was restored with capacity increase up to 4000 MW. As part of the work to improve the environment, a project to create gas infrastructure for Almaty CHPP-2 and CHPP-3 was implemented. A fifth reinjection compressor was introduced to improve the efficiency of the Karachaganak field. In the transport and logistics direction, a cargo terminal was built in Xi'an, which made it possible to reduce cargo delivery times and increase the attractiveness of Kazakhstani routes. In addition, more than 250 kilometres of gas pipeline and 500 kilometres of railway tracks were laid, and train traffic was launched on 132 kilometres of the Dostyk-Moyinty second track. Also during the reporting period, projects unique for Kazakhstan were initiated: construction of a hydro accumulation station and the first digital substation of the city of Astana.
In total, the list currently includes 46 investment projects in the oil and gas, petrochemical, energy, transport and logistics and other sectors totalling 33.3 trillion tenge.
This year it is planned to complete works on gas supply to 66 settlements of Zhetisu region due to commissioning of the Taldykorgan-Usharal gas trunkline. The problem of water deficit in Zhanaozen city and Mangystau region is planned to be solved by launching a seawater desalination plant with a capacity of 50 thousand m3/day in Kenderli. Increasing the capacity of the Trans-Caspian International Transport Route (TITR) and the Dostyk-Moyinty section of the railway line will give a serious impetus to the development of transit. To meet the needs of the domestic market, hydrotreating of diesel fuel will be installed at PNHZ and bitumen production will be expanded at CASPI BITUM. Special attention was paid to the progress of construction of the second section of the main gas pipeline ‘Beineu-Bozoi-Shymkent’, which will increase the throughput capacity to 15 billion m3 of gas per year, including the discussion of co-investment instruments.
The projected share of local content in the projects varies by sector. For example, for projects in the transport and logistics sector this indicator is 85%, for energy projects - 60%, for other projects - 80%.
Also in 2024, additional measures were envisaged to support domestic commodity producers. Due to this, contracts for 1.1 trillion tenge were concluded with OTP, the growth compared to 2023 was 76%. Offtake contracts for 191 billion tenge were concluded, which is 10 times more than in 2023. In addition, the procurement system of the Fund for the first time was recognised as meeting the advanced standards of the EBRD, ADB and OECD.
The Prime Minister noted the need to strengthen the work on attracting private investment in the implementation of projects important for the country.
"As Head of State stressed, the priority of our work should be large infrastructure and industrial projects, development of transport and logistics, as well as digitalisation and artificial intelligence. The government will control the status of implementation of projects important for the country. It is necessary to actively involve co-investors, gradually reducing the share of the state in the economy," Olzhas Bektenov emphasised.
The Head of the Government also focused on the need to optimise processes and strict control over compliance with the deadlines for the implementation of projects to prevent delays and unjustified increase in cost.