/KASE, April 21, 2020/ – Samruk-Energy (Nur-Sultan), whose bonds are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with information
statement dated April 20, 2020, which states as follows:
Kazakhstan's enterprises, whose products are focused on the use in the energy
field, are increasingly developing complex production projects. The key to the
technological development of domestic companies and their manufacturing of
higher-added-value products is the mechanism of the so-called off-take contracts.
During the period from 2019 to 2020, Samruk-Energy Group of companies signed 8
off-take contracts for the the total amount of more than KZT536 million.
The largest electric power holding company has formed partnerships for the
purchase of a wide range of goods - from radio facilities and insulators to
electrodes and transformers for the supply of its power plants, coal mines and
power transmission companies.
The off-take contract is a good tool to support the entrepreneurs involved in
import substitution projects by providing them the orders. It is a long-term
contract under the terms of delivery and payment based on suspensive condition
and subject to the implementation of the project.
Detailed information is available on the KASE website at:
– in Kazakh;
– in Russian.