‘Baiterek’ held the second seminar on financing the modernisation of utility infrastructure

On 21 February, ‘Baiterek’ National Managing Holding JSC held the second seminar for natural monopoly entities (NME) on financing the modernisation of utility infrastructure. The first event took place on 14 February.

The seminar was organised as part of the implementation of the National Project ‘Modernisation of the Energy and Utility Sectors’, approved by Government Decree No. 1102 of 25 December 2024. The National Project aims to reduce the deterioration of engineering networks, upgrade infrastructure, and attract investments of KZT 6.8 trillion to repair 86,000 kilometres of utility networks. It is expected that its implementation will lower the deterioration rate of engineering networks to below 50%, decrease the number of accidents, and improve the reliability of public utilities.

The participants of the event — representatives of NMEs and experts in the field of infrastructure financing — reviewed available lending mechanisms, state support, and opportunities for attracting investments. Special attention was paid to financing schemes, including:

• direct lending to NMEs through second-tier banks, Development Bank of Kazakhstan JSC, international financial institutions, and the Entrepreneurship Development Fund ‘Damu’;
• financing of state-owned NMEs through the mechanism of redeeming state securities of local executive bodies via Kazakhstan Housing Company JSC and Development Bank of Kazakhstan JSC.

Representatives of the holding provided a detailed explanation of the existing support programmes and mechanisms for interaction between state authorities, financial institutions, and utility companies.

‘Baiterek’ Holding will continue to organise similar seminars, providing NMEs with up-to-date information on financial instruments and infrastructure modernisation opportunities, which will ultimately contribute to the sustainable development of the country's utilities sector.

Contact Information for Natural Monopoly Entities

Dear representatives of organisations in the natural monopoly sector, if you have any additional questions regarding implementation mechanisms, business plan requirements, the list of necessary documents, or other related matters, please contact us at the following details:

1. For private NMEs:

Development Bank of Kazakhstan JSC

• Managing Director: Zauresh Shalabaeva – ZShalabayeva@kdb.kz, 79-26-28
• Senior Banker: Balzhan Esenbaeva – Balzhan@kdb.kz, 79-84-55

2. For state-owned NMEs:

Kazakhstan Housing Company JSC

• Deputy Chairman: Olzhas Salykov – Osalykov@khc.kz, 79-75-75 (ext. 2210)
• Arman Umbetov – AUmbetov@khc.kz, 79-75-75 (ext. 2713)
• Madina Dauletova – 79-75-75 (ext. 2257)

3. Contacts for ‘Baiterek’ Holding:

• Department Director: Rauan Skakov – r.skakov@baiterek.gov.kz, 90-78-02
• Project Manager: Dinara Altayeva – d.altayeva@baiterek.gov.kz, 91-92-12
• General Manager: Nurbala Shukeyeva – n.shukeyeva@baiterek.gov.kz, 91-92-19