Samruk-Energy supports Kazakh manufacturers in procurement in energy field

20.04.20, 12:42
/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: quote 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. unquote Detailed information is available on the KASE website at: - https://kase.kz/files/emitters/SNRG/snrg_reliz_200420_kz.pdf – in Kazakh; - https://kase.kz/files/emitters/SNRG/snrg_reliz_200420.pdf – in Russian. [2020-04-20]