Samruk Kazyna concludes KZT1tln worth of contracts with domestic producers
Prime Minister Olzhas Bektenov of Kazakhstan chaired a meeting of the Board of Directors of Samruk Kazyna National Welfare Fund, Kazinform News Agency reports.
During the meeting, Samruk Kazyna Board Chairman Nurlan Zhakupov made a report on the implementation of 44 major investment projects in the oil and gas, petrochemical, energy, transport and logistics and mining sectors for a total amount of 28.8 trillion tenge.
EPC contracts were concluded on 23 projects, with construction and installation works underway on 15 of them and the remaining ones are in various stages of realization.
So, within the construction of gas infrastructure for Almaty thermal power plants 2 and 3, the second line of the main gas pipeline Almaty-Baiserke-Talgar was commissioned this September. Works are ongoing to build the main gas pipeline Taldykorgan-Usharal. EPC contracts were signed on projects ‘Connecting the power system of West Kazakhstan region with the country’s unified electric power system’ as well as ‘Expansion of the coal-fueled power generating station-2 of Ekibastuz with the installment of power units no.3 and 4’.
In addition, works have been launched on the large-scale projects on the production of polyethylene in Atyrau region and the construction of a thermal power station in Kokshetau.
During the meeting, special attention was placed to the realization of the instructions of the President regarding the provision of support for domestic producers. Under the Import-substitution program, the Fund’s organizations concluded over 200 offtake-contracts with Kazakhstani enterprises to the tune of around 115 billion tenge, 8 times more than last year’s figure, in nine months of this year. 23 contracts worth 100 billion tenge are currently under review.
It was reported that a total of 8,917 agreements worth over 1 trillion tenge have been concluded with the domestic producers, leading to a more than two-fold increase in the volume of procurements from domestic producers.
The policy of all-round support for domestic producers delivers results. We will continue this work and increase the share of Kazakhstani content. We should aim at greater import substitution given our own domestic resources, said Bektenov.
The Samruk Kazyna Fund has funneled 43.6 billion tenge to provide support measures for over 500 thousand Kazakhstanis since the beginning of the year.
During the meeting, Samruk Kazyna National Welfare Fund’s new Independent Director Wong Heang Fine, Chairman of Asia Infrastructure Solutions Singapore, was introduced.
