Samruk-Energy will offer shares of Shulbinsk and Ust-Kamenogorsk hydro plants on KASESamruk-Energy JSC intends to offer on the Kazakhstan Stock Exchange (KASE) 100% stakes in AES Shulbinsk HPP LLP and AES Ust-Kamenogorsk HPP LLP, hydro power plants in east Kazakhstan, so that they can be purchased by Sovereign Wealth Fund Samruk-Kazyna JSC, which is the parent company of Samruk-Energy JSC, KASE said in a statement on Tuesday.Samruk-Energy is going to offer 375,500 ordinary shares at 96,470 tenge per share and 260,000 ordinary shares at 90,406 tenge per share, allowing Samruk-Kazyna to exercise its preemptive right to purchase these shares.Samruk-Energy will offer its parent company Samruk-Kazyna to buy the shares, which will be regarded as payment for Samruk-Energy’s 100% interest in the charter capital of AES Shulbinsk HPP LLP, the market of value of which is 36.225 billion tenge, and as payment for its 100% interest in the charter capital of AES Ust-Kamenogorsk HPP LLP, with its market value of 23.506 billion tenge.In November 2021, the then minister of energy, Magzum Mirzagaliyev, said that investors from the United Arab Emirates (UAE) might invest more than $6 billion in the development of alternative energy and gas generation in Kazakhstan.According to him, negotiations were also held with investors from the UAE on the sale to them of 74.99% of shares in two hydro power plants of the Irtysh cascade - Shulbinsk (702 MW of installed capacity) and Ust-Kamenogorsk (367.8 MW). Both plants are part of the state power company Samruk-Energy. It was expected that the Kazakh government would still keep more than 25%.In January 2022, the Kazakh government withdrew a bill from the Majilis, the lower chamber of the parliament, to ratify the declaration with the UAE on strategic partnership in priority sectors regarding the sale of shares in two hydroelectric power plants.In March 2022, the Finance Ministry proposed to exclude the two hydro plants from the country’s comprehensive privatization plan for 2021-2025.In January 2023 the government of Kazakhstan announced its plans to transfer the state stakes in the limited liability partnerships AES Ust-Kamenogorsk HPP and AES Shulbinsk HPP to the charter capital of Sovereign Wealth Fund Samruk-Kazyna JSC.Samruk-Energy JSC, organized in 2007, is solely owned by Sovereign Wealth Fund Samruk-Kazyna JSC. The company specializes in generation, distribution and sales of electricity and heat as well as coal production. (ICE ALMATY)

Fonte notizia: INTERFAX