National Project "Modernization of the Energy and Utilities Sectors"

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Title

National Project "Modernization of the Energy and Utilities Sectors"

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Purpose of the National Project Development

Modernization of the Energy and Utilities Infrastructure (Networks and Facilities) in the Republic of Kazakhstan to Ensure Reliable and High-Quality Provision of Utility Services to the Population and Sustainable Economic Development of the Country

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Implementation Period

Years 2025 – 2029

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Expected Socio-Economic Impact and Benefits for Beneficiaries

Modernization of the Energy and Utilities Sectors of the Republic of Kazakhstan

Expected Economic Impact (in Qualitative and Quantitative Terms)

Modernization and Renewal of Existing Assets in the Energy and Utilities Sectors, including:

at least 200 natural monopoly entities;

at least 30 combined heat and power plants (CHPs).

Expected Social Impact (in Qualitative and Quantitative Terms)

Reduction of accident rates by 20%, and reduction of the average wear and tear of energy and utilities assets across the country to 40%.

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Funding Volume Required for the Implementation of the National Project

Total investments amount to 13,588 billion tenge, including:

Energy sector – 6,208 billion tenge;

Utilities sector – 6,778 billion tenge;

Automation and instrumentation – 602 billion tenge.

Total subsidies for the period 2025–2029 amount to 1,480 billion tenge; thereafter, the difference in interest rate compensation exceeding 10% will be subsidized depending on the loan term.

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Name of the Developer of the National Project

Ministry of National Economy of the Republic of Kazakhstan

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Names of Government Bodies and Organizations Responsible for the Implementation of the National Project

Ministry of National Economy of the Republic of Kazakhstan

Ministry of Energy of the Republic of Kazakhstan

Ministry of Industry and Construction of the Republic of Kazakhstan

Ministry of Finance of the Republic of Kazakhstan

Local executive bodies of regions, cities of republican significance, and the capital

National Bank of the Republic of Kazakhstan (by agreement)

Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (by agreement)

Joint Stock Company "National Welfare Fund Samruk-Kazyna" (by agreement)

Joint Stock Company "National Managing Holding Baiterek" (by agreement)

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Head and Supervisor of the National Project

Deputy Prime Minister of the Republic of Kazakhstan
Kanat Aldabergenovich Bozumbaev

Vice Minister of National Economy of the Republic of Kazakhstan
Arman Bakitzhanovich Kasenov