Baiterek NMH JSC together with its subsidiaries Development Bank of Kazakhstan JSC and Kazakhstan Housing Company JSC organized a seminar to discuss the National Project Modernization of the Energy and Utility Sectors (MEUS). The event was attended by representatives from the Ministry of Industry and Construction of the Republic of Kazakhstan, the Committee for Regulation of Natural Monopolies of the Ministry of National Economy, KazCentre HPU JSC, as well as representatives from natural monopoly entities (NME).
The seminar focused on financing mechanisms for the National Project, including direct lending for private NMEs, government securities issued by local executive bodies (LEB) to support public NMEs, tariff procedures within the National Project, and technical expertise of NME projects.
It also covered syndicated financing with second-tier banks and international financial institutions.
The National Project for 2025-2029 focuses on improving utility infrastructure, aiming to reduce accidents by 20% and decrease equipment and network wear to 40%. The total funding required is KZT 13,588 billion, earmarked for energy sector development, utility infrastructure renewal, and automation and device installations.
Baiterek NMH JSC and its subsidiaries are the designated financial operators, while KazCentre HPU JSC is the designated technical operator for the MEUS project.
Vladimir Lee, Deputy Chairman of DBK Management Board, outlined key steps in securing DBK financing:
1. Project initiation. The enterprise develops an investment program outlining the project parameters, required investment, and implementation timeline.
2. Coordination with the technical operator. Expert evaluation of the project’s feasibility, prioritization, asset depreciation, and expected economic impact.
3. Approval by the tariff regulator. Evaluation of including modernization costs in the tariff policy.
4. Securing funding. Submission of documents to the Development Bank, project evaluation in two stages, loan agreement signing, and financing approval.
5. Project implementation. Oversight of work by authorized bodies, the lender, and through technical and financial monitoring.
“Direct financing through DBK is not just a financial tool, but a strategic move to modernize the country’s utility infrastructure. I encourage natural monopoly entities to actively participate, initiate modernization projects, and utilize the financial operator and its subsidiaries,” emphasized Vladimir Lee.
At the seminar, participants engaged with questions and received clarifications on support mechanisms. This seminar was the first in a series focused on the detailed development of the National Project and the introduction of new financial support tools.
For more information, please contact:
1) For private NME:
Development Bank of Kazakhstan JSC contacts
Managing Director Zauresh Shalabayeva, 79-26-28, ZShalabayeva@kdb.kz
Senior Banker Balzhan Yessenbayeva, 79-84-55, Balzhan@kdb.kz
2) For public NME:
Kazakhstan Housing Company JSC
Deputy Chairman Olzhas Salykov, 79-23-02, Osalykov@khc.kz
Arman Umbetov, 79-23-13, AUmbetov@khc.kz
3) Baiterek NMH JSC contacts
Director of Department Rauan Skakov, 90-78-02, r.skakov@baiterek.gov.kz
Project Manager Dinara Altayeva, 91-92-12, d.altayeva@baiterek.gov.kz
Chief Manager Nurbala Shukeyeva, 91-92-19, n.shukeyeva@baiterek.gov.kz
