OREANDA-NEWS. May 24, 2010. The long-term company development strategy till 2025 was approved at the meeting of KEGOC’s Board of Directors.

The program document specifies the main areas of activities to implement tasks set by the Government of the Republic of Kazakhstan relating to provision of reliable operation and effective development of Kazakhstan UPS. The priority projects portfolio of KZT 531 bln value (at current prices) includes 16 sites.

The long-term strategy was developed by KEGOC JSC in accordance with Decree of the President of the Republic of Kazakhstan “On the State Planning System” No. 827 dated 18.06.2009, the Strategic Development Plan of the Republic of Kazakhstan till 2020, the State Program of accelerated industrial and innovation development.

The main strategic objective is to transform KEGOC into a world competitive company. The long-term strategy also includes complex implementation of higher- level objectives:

Implement the Government requirements relating to provision of UPS* operation reliability and quality.

Progress to the best companies level in the sector regarding performance of the System Operator functions.

Provide stable increase of shareholder value by developing the core business, improving efficiency of NPG* transit potential use, providing the necessary conditions to fulfill Kazakhstan UPS export potential.

Lead the corporate development level in the sector, Kazakhstan and CIS.

Almassadam Satkaliyev, Chairman of Management Board, said at the meeting of Board of Directors that analysis of the Company’s competitiveness, strengths and weaknesses let us speak of available necessary preconditions for achieving the set objectives. He noted the following advantage factors: unique experience of large-scale infrastructure projects implementation, successful partnership with international financing institutions, as well as substantive support of the Government and shareholder - Samruk-Kazyna Fund. Implementation of the long-term development strategy of KEGOC JSC till 2025 will provide:

Full satisfaction of power demands of the county’s economy;

High reliability and stability of NPG operation, and energy independence of the country;

Integrity and balance of NPG target architecture;

Additional transit opportunities for power export to the perspective sales markets;

Achievement of Corporate Governance Rating 7+.

*NPG - National Power Grid

UPS - Unified Power System