THERMAL POWER PLANTS

“Almaty Power Plants” JSC (“Samruk-Energy” JSC – 100 %)

“Almaty Power Plants” JSC (“APP” JSC) is power-producing organization engaged in production of heat and electricity in Almaty city and Almaty region. “APP” JSC provides the population, industrial and agricultural enterprises with electricity and heat and is a heat producing natural monopoly entity.

To date, the heat and electricity generated covers about 70 % of the needs of Almaty city and Almaty region.

The structure of “APP” JSC includes the following production units – CHP-1 named after B.Orazbayev; CHP-2 named after A.Zhakutov; CHP-3; Kapshagay HPP named afer Sh.Chokin; Cascade of Almaty HPP; Western Thermal Complex (WTC); Center for receiving and discharge of fuel (CRDF), Industrial repair enterprise (IRE) “Energoremont”.

Location: Republic of Kazakhstan, Almaty c., Dostyk ave., 7

Chairman of the Management Board: Kirkinbayev Y.A.

A supply chain of the entity

Production of electricity and heat for their transmission to consumers.

The direct production of heat and electricity starts with the supply of energy resources (fuel, water) to the energy equipment of energy sources. In power equipment, energy of energy resources (fuel, water) is converted into a final product – electricity and heat. Part of the generated electricity and heat is consumed by energy sources for their own needs, the rest of the generated energy is sold on the basis of contracts for the sale of electricity and heat. Almaty region is the market for electricity and heat sale.

Financial performance

Results of operating activities

Full information is available on the company’s website::www.ales.kz

“Ekibastuz SDPP-1” LPP named after Bulat Nurzhanov (“Samruk-Energy” JSC – 100 %)

“Ekibastuz SDPP-l” LLP is a thermal power plant with an installed capacity of 4,000 MW, located on the northern shore of Lake Zhengeldy, 16 km north of Ekibastuz Pavlodar region. The enterprise is the largest thermal power plant in the Republic of Kazakhstan, operating on solid fuel, and the main energy-producing enterprise in the region. Being the largest power plant in Kazakhstan, “Ekibastuz SDPP-l” LLP is also one of the largest coal-fired power plants in the world with a current available capacity of 3,500 MW. The complex consists of eight 500 MW power units.

Location: Republic of Kazakhstan, Pavlodar region, Ekibastuz c., Industrial zone GRES-1, building 2.

Director General: Kopenov Y.K.

A supply chain of the entity

The entity provides electricity to the northern, eastern, and southern regions of Kazakhstan, part of the electricity (20 %) is exported to Russia.

Production of electricity and heat for their transmission to consumers. Electricity is supplied from the busbars of the plant, with the exception of exports (on the border of the RK – RF).

Financial performance

Results of operating activities

Full information is available on the company’s website: www.gres1.kz

“Ekibastuz SDPP-2 Plant” JSC (“SamrukEnergy” JSC – 50 %, “Samruk-Kazyna” JSC – 50 %

Ekibastuz SDPP-2 Plant” JSC is the thermal power plant in Ekibastuz city of Pavlodar region, Kazakhstan with an installed capacity of 1,000 MW.

On December 27, 2018, an agreement for the sale and purchase of 50 % of shares in authorized capital of “ESDPP-2 Plant” JSC was signed between “SamrukKazyna” JSC (the Fund) and “Inter RAO” PJSC (IRAO) (hereinafter referred to as the Transaction).

All activities related to closing of the Deal were completed on December 13, 2019, and in accordance with the Register of Holders of Securities, as of December 14, 2019, “SamrukKazyna” JSC ownership right for 50 % of shares was registered.

Thus, currently the shareholders of “ESDPP-2 Plant” JSC are “Samruk-Energy” JSC – 50 % and “Samruk-Kazyna” JSC – 50 %.

Location: Republic of Kazakhstan, Pavlodar region, Ekibastuz с., Solnechnyi village, ABK, room 32

Chairman of the Management Board: Dauren Sagidulla

A supply chain of the entity

Electricity produced by “Ekibastuz SDPP-2 Plant” JSC is supplied to the consumer from the station’s busbar. The Buyer independently, at his own expense, without the participation of the Seller, ensures the reception and transmission of electricity from the supply point to consumption points, through networks of an inter-regional and, where necessary regional leve

Financial performance

Results of operating activities

Full information is available on the company’s website:www.gres2.kz

HYDROPOWER PLANTS AND RENEWABLE ENERGY SOURCES

“Shardarinsk HPP” JSC (“Samruk-Energy”JSC – 100 %)

Shardarinsk hydropower plant, located in the middle reaches of Syr Darya river, is a closing hydropower plant of the NarynSyrdara cascade.

The purpose of the Shardirinsk HPP is to enhance the coordination of activities for the operation of water and energy facility of Naryn-Syrdarya cascade, to improve energy supply in South Kazakhstan.

At a hydroelectric power plant, the mechanical energy of moving masses of water is converted into electricity using hydraulic turbines and hydrogenerators, which are placed together with numerous auxiliary equipment in the building of the hydropower plant.

Location: Republic of Kazakhstan, South Kazakhstan region, Shardara c., Elmuratova st., 13

Chairman of the Management Board: Berlibayev A.A.

A supply chain of the entity

“Shardarinsk HPP” JSC generates electricity and is an energyproducing organization. For transportation over long distances and to reduce losses (to save materials) the generator voltage of 10 kV increases to 110 kV through a step-up transformer. Electricity is transmitted to the grids of “Ontustik Zharyk Transit” LLP, energy transmission organization, through 110 kV the switchgear. Electricity is then transferred to energy supplying organizations, which in turn supplies electricity to consumers.

Financial performance

Results of operating activities

* the decrease will be until completion of hydraulic units retrofit.

Full information is available on the company’s website:www.sharges.kz

“Moynak HPP” JSC (“Samruk-Energy” JSC – 100 %)

300 MW Moynak HPP was built as part of the State program for accelerated industrial and innovative development and in accordance with the Program for the Development of the RK Power Industry until 2030. It is located on the Sharyn River in Kegen district of Almaty region. This is one of the breakthrough projects that today successfully addresses the issues related to narrow the deficit of electricity in the southern zone of Kazakhstan’s UES (Almaty, Zhambyl, Kyzylorda and Turkestan regions), covering peak loads and regulating capacity in the power system. Designed average annual electricity production of an enterprise is 1,027 bn kWh. State-of-the-art technological equipment used at the plant provides maximum automation and stability of the electricity production process. The plant is equipped with the latest hydraulic units with high technical parameters and efficiency.

Location: Republic of Kazakhstan, Almaty region, Kegen district, Zhylysai rural district, village Moinak, 81

Chairman of the Management Board: Asylov A.N.

A supply chain of the entity

“Moynak HPP” JSC generates electricity and is an energyproducing organization. Electricity is supplied from energy sources through 110 kV grids to consumers in the volumes agreed in concluded agreements.

Financial performance

Results of operating activities

Full information is available on the company’s website: www.moynak.kz

“Ust-Kamenogorsk HPP” JSC (“Samruk-Energy” JSC – 89.99 %)

In October 2017, the concession agreement with AES Suntry Power Limited was terminated and the assets were transferred to the republican ownership of the Republic of Kazakhstan.

Core business: organizational and management activities.

Location: corporate seat: the Republic of Kazakhstan, UstKamenogorsk, Ablaketka vill.,  Location of the executive body: Ust-Kamenogorsk c., 27, Kazakhstan st.

“Bukhtarminsk HPP” JSC (“Samruk-Energy” JSC – 90 %)

“Bukhtarminsk HPP” is a very cost-efficient hydropower plant both in terms of the specific volume of work and in terms of cost parameters of electricity production.

The installed capacity of hydropower plants is 675 MW, the average annual production is 2.77 bln kWh. HPP covers peak loads in the power system of Kazakhstan. In 2002, Bukhtarminskaya dam was recognized as the best in the world, as the quality of concrete exceeds all expected parameters.

Core business: Rental and management of own property, rent of other machinery, equipment and supplies.

Location: the Republic of Kazakhstan, , East-Kazakhstan region, Zyrianovsky district, Serebryansk city, 5, Graftio street.

The Company is on lease.

“Shulbinsk HPP” JSC (“Samruk-Energy” JSC – 92.14 %)

In October 2017, the concession agreement with AES Suntry Power Limited was terminated and the assets were transferred to the republican ownership of the Republic of Kazakhstan.

Core business: organizational and management activities.

Location: legal address – Republic of Kazakhstan, East Kazakhstan region, 071426, Semipalatinsk c., village Shulbinsk.

“First Wind Power Plant” LLP (“Samruk-Energy” JSC- 100 %)

“First Wind Power Plant” LLP is the first project in Kazakhstan in the field of development of alternative energy sources, which went through all stages of preparation in accordance with the current legislation of the Republic of Kazakhstan on support for renewable energy sources and was put into operation on August 14, 2015.

The wind farm of the company is located in Akmola region, nearby Ereymentau city, consists of 22 wind turbines with a unit capacity of 2.05 MW working safely for the environment. Since commissioning, the power plant has generated over 920 mln kWh of electricity. During this time, the rotating blades of 85-meter structures generated electricity for more than 13 bln tenge. 100 % of all generated electricity goes to the National Power Grid of Kazakhstan – “KEGOC” JSC.

Location: Republic of Kazakhstan, Nur-Sultan c., Kabanbay batyra ave., 15A

Director General: Yeskhozhin R.K.

A supply chain of the entity

Production of electricity using renewable energy sources and its sale to the “Settlement and financial center for the support of renewable energy sources” LLP.

Financial performance

Results of operating activities

Full information is available on the company’s website:www.pves.kz

“Ereymentau Wind Power” LLP (“Samruk-Energy” JSC – 100 %)

The main activity of “Ereymentau Wind Power” LLP is the implementation of “Construction of 50 MW wind power plant near Ereymentau c.” project and further production of electricity.

The project will consist of a maximum of 20 wind turbines, bases for cranes adjacent to each turbine, internal roads, an internal power grid, an electrical substation including control room and connection to power grid.

Location: Republic of Kazakhstan, Nur-Sultan c., Kabanbay batyr ave., 15a, block B.

Director General: Zhanabayev B.K

Financial performance

Full information is available on the company’s website:www.ewp.kz

“Samruk-Green Energy” LLP (“Samruk-Energy” JSC – 100 %)

Samruk-Green Energy” LLP – delivers services for production of electricity using renewable energy sources. The company provides decentralized electricity supply to remote areas.

A 2 MW SPP has been a site for testing innovative renewable energy technologies since 2015, including the first industrialscale energy storage technology EnergyPod in the CIS and Central Asia.

In 2020, the Partnership commissioned 5 MW wind power plant Shelek, which was built as part of intergovernmental agreement between PRC and the Republic of Kazakhstan.

Location: legal address – Kapshagai c., 35/2 Industrialnaya str. actual address – Republic of Kazakhstan, Almaty c., 59 Zenkov str. (Kabanbay Batyr angle.), 3rd floor, office No. 145.

Director General: Bukenov T.Sh.

A supply chain of the entity

Electricity is sold through “AZhC” JSC networks to the “Settlement and Financial Center for Renewable Energy Support” LLP at fixed rates in accordance with the Law of the Republic of Kazakhstan dated July 4, 2009 No. 165-IV “On Supporting the Use of Renewable Energy Sources”. As required by the Rules for the centralized purchase and sale of electricity, which is produced by RE facilities, by the settlement and financial center, the recalculation and redistribution by the settlement and financial center of the corresponding share of electricity to a qualified conditional consumer according to the results of the calendar year dated March 2, 2015 No. 164, the settlement and financial center pays the Partnership for the entire amount of electricity produced and supplied to the power grid of energy transmission organization by the Partnership Entities within 15 (fifteen) years from the date of the start of a comprehensive test of electrical installations. However, the fixed tariff is subject to annual indexation in accordance with the Rules for setting of fixed tariffs and ceiling auction prices No. 271 dated March 27, 2014

Financial performance

Results of operating activities

Full information is available on the company’s website: www.samruk-green.kz

“Energia Semirechya” LLP (“Samruk-Energy” JSC – 25 %, Hydrochina Corporation – 50 %; Powerchina Chengdu Engineering Corporation Limited – 15 % and Powerchina Resources Limited – 10 %)

“Energia Semirechya” LLP is an enterprise established to provide services for production and sale of electricity, design and construction of facilities using renewable energy sources. The enterprise was established in 2009 in order to conduct activities in the construction of wind power plant with the capacity of 60 MW to 300 MW in Shelek corridor.

Location: Republic of Kazakhstan, Almaty region, Enbekshikazakh district, Baiseit village, Abay st. 92.

Director General: He Junwen

Financial performance

Full information is available on the company’s website:www.energy7.kz

“Kazhydrotechenergo” LLP (“Samruk-Energy” JSC – 100 %)

“Kazhydrotechenergo” LLP implements projects on construction of four small hydropower plants (BAK-1, BAK-2, HPP-19, HPP-29) in Almaty region with total capacity of 60.8 MW.

The Partnership’s activity is directed at engineering, building facilities using RES, independent technical devices and related to them facilities for production of electricity and (or)heat using RES.

Core business: production and sale of electricity using renewable energy sources

Location: Republic of Kazakhstan, Almaty c., Kunaev st., 21B, BC “Sat”, office No. 62A “.

General Director: Bukhanov M.E.

“Teploenergomash” LLP (“Kazhydrotechenergo” LLP – 95 %)

The main goal of “Teploenergomash” LLP is construction of two power plants on Big Almaty Channel with a total capacity of 12 MW. It is also planned to build hydropower plants 1, 2 at BAC and hydropower plants 19 on Shelek River in Enbekshikazakh district with a total capacity of 26 MW (Almaty region).

Core business: generation and sale of electricity using renewable energy sources

Location: Republic of Kazakhstan, Almaty c.13, Al-Farabi ave., BC “Nurly Tau”, c.1V, suite 505

Director General: Adilov Y.Kh.

“Bogatyr Komir” LLP (Forum Muider B.V. – 100 %)

“Bogatyr Komir” LLP is one of the largest enterprises in the world in terms of open-pit coal mining. “Bogatyr Komir” LLP accounts for 59 percent of all coal mined in the Ekibastuz coal basin and circa 39.5 percent of the total coal production in the RK.

“Bogatyr Komir” LLP approved coal reserves amount to circa 2.9 bln tons. Coal reserves at “Bogatyr Komir” LLP were approved up to minus 200 m horizon (depth from the surface is 400 m). With the current capacity of the enterprise coal reserves will be enough for no less than 70 years of operations.

“Bogatyr” coal mine, commissioned in 1970, exploits coal reserves in the fields (sections) 5, 6, 9, 10. The depth of the coalmine reached 280 m from the surface (mark: the horizon is minus 80 m according to the Baltic measurement system from the Baltic Sea level).

“Severny” coalmine, commissioned in 1954, coal is mined in the fields (sections) 1, 2, 3, 4. The depth of the mine reached 230 m from the surface (mark: the horizon is minus 30 m according to Baltic measurement system from Baltic sea level).

The main industrial layers of Ekibastuz field are layers 1, 2, 3, 4 with an average thickness of 160 m and a depth of up to 670 m. The total coal reserves of the field are more than 9 bn tons.

Confirmed coal reserves of “Bogatyr” and “Severny” coal mines of “Bogatyr Komir” LLP, mln tons

Location: Republic of Kazakhstan, Pavlodar region, Ekibastuz c., Stroitelnaya st., 23

Director General: Korsakov N.N.

A supply chain of the entity

“Bogatyr Komir” LLP extracts KSN grade (coking caking slightly metamorphosed) coal with an average calorific value of ~ 4,000 kcal / kg, ash content ~ 43 %, moisture ~ 5 %.

The entity supplies thermal coal to generating facilities of the RK domestic market and for export to the RF, as well as the supply of household coal to the RK domestic market. Coal is sold to thermal power plants of the Republic of Kazakhstan under direct contracts for the supply of coal, to the power plants of the Russian Federation through a trader.

Household coal is sold through commodity exchanges in accordance with the Order of the Minister of National Economy of the Republic of Kazakhstan dated February 26, 2015 No. 142 “On approval of the list of commodities exchange and the minimum size of represented batches sold through commodity exchanges”.

Financial performance

Results of operating activities

Full information is available on the company’s website:www.bogatyr.kz

“Tegis Munay” LLP (“Samruk-Energy” JSC – 100 %)

The purpose of “Tegis Munay” LLP business is to build ground infrastructure and equip the “Pridorozhnoe” deposit in the South Kazakhstan region of the Republic of Kazakhstan, to build a gas pipeline from “Pridorozhnoe” deposit to the Beineu – Bozoi – Shymkent gas pipeline, to produce, process and sell gas.

“Tegis Munay” LLP is an investment project of “SamrukEnergy” JSC, the profit is expected to be received from 2020–2021.

Location: Republic of Kazakhstan, Almaty c., Askarova st., 40

Director: Uvakov K.A

Full information is available on the company’s website:www.mangyshlak-munay.kz

“Energy Solutions Center” LLP (“Samruk-Energy” JSC – 100 %)

“Energy Solutions Center” LLP is a service company for providing administrative support to “Samruk-Energy” JSC group of companies.

The list of services includes:

• IT infrastructure maintenance services;
• Services for the maintenance of Internet resources;
• Provision of transportation services;
• Real estate management services (rent, purchase, construction);
• Core business: special office services (staff outsourcing), IT services, transportation services.

Location: the Republic of Kazakhstan, Nur-Sultan c., 15 A, Kabanbay batyr ave.

Director General: Abdullin A.M

Financial performance

Full information is available on the company’s website:www.e-s-center.kz

“Alatau Zharyk Company” JSC (“Samruk-Energy” JSC – 97.4 %, “AZhC” JSC – 2.6 %)

“Alatau Zharyk Company” JSC is a large regional electricity grid company that provides electricity to 2.5 mln people in Almaty city and Almaty region, operates more than 30 thous. km of power grids, 208 35 kV and above substations, and 7,085 transformer substations. Grids are serviced by seven local power distribution zones (PDZ) in Almaty and ten PDZ in Almaty region, the service area is 102,382 sq. km. The primary task of “AZhK” JSC is a reliable and highquality supply of electricity to the people.

In order to increase the reliability of energy supply in the Almaty region, 38 substations have been built and retrofitted since 2007–2020, an increase in transformer capacity amounted to 3,500 MVA.

Location: Republic of Kazakhstan, Almaty c., Manas street, 24B

Chairman of the Management Board: Umbetov M.A.

A supply chain of the entity

Regional electric grid companies performs the role of electricity transmission through power grids within its balance sheet attribution.

Power grid company “AZhC” JSC represents the main part of electric grids of the Almaty power center with grids of 220/110/35 / 6-10 / 0.4 kV voltage classes. It is located in the Almaty region and extends from the shores of Lake Balkhash in the north to the borders with Kyrgyzstan in the south and from the borders of the Zhambyl region in the west to the borders with China in the east.

Transmission of electricity from energy-producing organizations to the end user.

Financial performance

Results of operating activities

Full information is available on the company’s website: www.azhk.kz

“AlmatyEnergoSbyt” LLP (“Samruk-Energy” JSC – 100 %)

“AlmatyEnergoSbyt” LLP is an enterprise representing the interests of its consumers to all entities of the wholesale and retail electricity markets, in order to ensure uninterrupted power supply.

“AlmatyEnergoSbyt” LLP is a guarantee electricity supplier in Almaty city and Almaty region (Balkhash, Enbekshikazakh, Zhambyl, Ili, Karasai, Raiymbek, Talgar, Uygur districts and Kapshagai city).

As of December 31, 2020, there are more than 34 thous. corporate entities and circa 830 thous. household consumers among “AlmatyEnergoSbyt” LLP customers.

The main principle of the company is focus on customer. The structure of the partnership includes 17 district branches (district branch of power supply) and a Contact Center.

Customer satisfaction is growing annually and is close to 100 %.

Location: Republic of Kazakhstan, Almaty c., Kozhamkulova st., 170A

Director General: Dzharlykasymov Y.T.

A supply chain of the entity

Purchase of electricity from energy transmission organizations and sale to the end consumer on the basis of public energy supply agreements. Electricity tariffs are set in accordance with the requirements of the Committee for regulation of natural monopolies

Financial performance

Results of operating activities

Full information is available on the company’s website:www.esalmaty.kz