KEGOC (Kazakhstan) announces FY 2013 Q1 operating results
25.04.13 10:13
/KASE, April 25, 13/ – JSC "KEGOC" (Astana) has provided Kazakhstan Stock
Exchange (KASE) with the following press-release of April 17, 2013:
quote
KEGOC, the System Operator of the Unified Power System (UPS) of the Republic of
Kazakhstan, announces the preliminary unaudited performance and operating
indicators for the 1st quarter 2013.
According to preliminary data, the income for the 1st quarter 2013 increased by
14.2 % and reached KZT 22 billion that KZT 2.73 billion higher than in the 1st
quarter 2012. KEGOC’s profit for the stated period amounts to KZT 3.8 billion
that 69% higher than in the last year.
Commenting on the indicators, Mr. B. Kazhiev, Chairman of the Management Board
of KEGOC, stated:
"We are satisfied with the achieved performance and operating indicators. These
indicators have shown that KEGOC is in a good shape in the course of preparation
to the National IPO. KEGOC successfully performs the targets set by the
government to meet the needs of the country’s economy under a long-term
investment programme for the development of Kazakhstan NPG.
The main factors of the income growth were the increase in the scope of
electricity transmission services and the approval of new tariffs for the
services provided by the System Operator from October 2012.
For the 1st quarter 2013 the scope of electricity transmission services provided
by KEGOC increased by 6.5% up to 11.84 billion kWh resulting from the increase
in electricity transit by JSC Federal Grid Company via Kazakhstan NPG, as well
as the increase in electricity export to the Russian Federation.
The scope of technical dispatching services amounted to 22.74 billion kWh that
2.9% lower in comparison with the similar period for 2012. The scope of
electricity generation-consumption balancing services decreased by 4.5% to 41.54
billion kWh (43.98 billion kWh). The main factor was the decrease in electricity
generation-consumption.
Based on the data of the National Dispatch Centre of the System Operator (SO
NDC), electricity consumption in the Kazakhstan Unified Power System (UPS) in
the 1st quarter 2013 was 24.64 billion kWh; generation – 25.26 billion kWh. In
comparison with the similar period of the last year electricity consumption
decreased by 4.8% and generation – by 2.5 %. The amount of electricity
exported increased by 45% up to 780 billion kWh and the amount imported
decreased by 68% to 170 billion kWh.
Contacts for mass-media
KEGOC
Marat Mukhamedsaliyev
tel. +7 (7172) 69-04-15
pressa@kegoc.kz
KEGOC is a System Operator of the Unified Power System of the Republic of
Kazakhstan. The main types of its activity relate to the natural monopoly
sector. The Company owns 35-1150kV transmission lines of 24.5 thous. km length,
as well as 76 substations with 35.5 GVA installed capacity of transformers
which form the National Power Grid (NPG) of Kazakhstan. 4.6 thous. people are
working in the Company. For more information visit www.kegoc.kz
unquote
[2013-04-25]