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“САМҰРЫҚ” МЕМЛЕКЕТТIК АКТИВТЕРДI БАСҚАРУ ЖӨНIНДЕГI ҚАЗАҚСТАНДЫҚ ХОЛДИНГI“ АҚ
JSC “KAZAKHSTAN HOLDING FOR MANAGEMENT OF STATE ASSETS “SAMRUK”
АО “КАЗАХСТАНСКИЙ ХОЛДИНГ ПО УПРАВЛЕНИЮ ГОСУДАРСТВЕННЫМИ АКТИВАМИ “САМРУК”
Investment Forum of Kazakhstan
2008, July
Seoul, Korea
Establishment of the Holding
Joint-Stock Company Kazakhstan Holding on
Management of State Assets “Samruk” (hereinafter
– the Holding) was established by:
 Decree of the President of the Republic of

Kazakhstan of January 28, 2006;
Decree of the Government of the Republic of
Kazakhstan of February 23, 2006 that approved
Memorandum on Major Operating Principles of
the Holding.
2
Purpose, Operating Principles
PURPOSE
To maximize long-term value of state-owned companies
by means of improving corporate governance
PRINCIPLES
To improve competitiveness and economic efficiency of the Companies’ performance
To introduce best international practices of corporate governance
To assist the Government in achieving mid-term objectives on development of the
Companies
To develop conceptual nationwide and inter-sector investment solutions
To ensure implementation of investment projects
THE PRINCIPLES ARE PRACTISED BY MEANS OF
 performing functions of the shareholder and representation in relevant
Boards of Directors
 performing investment functions
3
Asset Structure
HOLDING SAMRUK JSC
Oil and gas
NC KazMunaiGaz JSC
Energy
KEGOC JSC
Samruk-Energo JSC
 KOREM JSC
Telecom and Post
Transportation
NC Kazakhstan Temir Zholy JSC
Air Astana JSC
International Airport Aktobe JSC
Airport Pavlodar JSC
Mechanical Engineering
NC Kazakhstan Engineering JSC
Repair Corporation Kamkor JSC
Kazakhtelecom JSC
KazPost JSC
Other
Mining
MaikainGold JSC
Samruk Invest LLP
Telecom-Invest Samruk LLP
Chokin KazNII JSC
(research institute)
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Financial and Economic Performance
in 2007
2 500 000
Million KZT
2 000 000
2 010 407
1 864 135
+8%
1 500 000
1 000 000
+17%
500 000
282 140 281 344
367 517
431 514
0
Income, total
Total profit
2006
Capital investments, total
2007
5
Establishment of
SAMRUK INVEST LLP
Samruk Invest LLP
was established on July 20, 2007 as recommended by McKinsey’s Consultants to provide
and ensure investment activities of the Holding
Samruk Invest LLP is working in the following areas:
 Financial, economic and legal analysis of investment proposals and preparation for
decision-making by authorized units of the Holding;
 Development of conceptual solutions on the structure of implementation and
financing of investment projects to be approved by relevant authorized units of the
Holding including relevant feasibility studies of project data;
 Consulting follow-up of investment activities of the Holding, monitoring at all preinvestment stages (before lender confirms absolute readiness for loan disbursement)
of project implementation;
 Organization of financing and co-financing, including attraction of investors and
lenders.
Activities of Samruk Invest LLP fosters implementation of investment
projects, reduction of investment risks of the Holding and best terms
for the Holding’s investment program.
6
Investment Activities of the
Holding and its Companies
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Existing Investment Projects
In Power Sector:
 Kazakhstan Electricity Transmission Rehabilitation Project – rehabilitation of
transmission system of KEGOC and improvement of dispatch control of the grid
 Construction of 500 kV Second Transmission Line of Kazakhstan North – South
Transit– to enhance amount of electric power transmitted to South Kazakhstan from
energy excessive North from 650 MW up to 1,350 MW
 Modernization of Shardara HPS – to enhance reliability and capacity of Hydro Power
Plant to cover growing deficit in electric power in South-Kazakhstan Oblast
 Construction of Moinak HPS on Charyn River – to cover peak and semi-peak
power loads, to cover deficit in electric power in South Kazakhstan; installed
capacity– 300 MW
8
Existing Investment Projects
In Transportation:
 Development of transit potential – construction of new close railway lines, set-up of
railway network of Kazakhstan
 Electrification of Railways – to enhance economic performance of rail transport
 Modernization and replacement of rolling stock – purchase of new locomotives:
shunting diesel locomotives, passenger electric locomotives, as well as modernization
of existing diesel locomotive stock with longer life time
 Informatization and communication development – launching most advanced
information systems based on highly-performing computing centers united by single
digital communication network
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Existing Investment Projects
In Telecom and Postal Services:
 Modernization and expansion of telecom network of Kazakhstan – construction of
National Information Backbone DWDM, IP-network, IP/ MPLS is launched to meet the
demand of domestic market in high-speed data transmission services
 Development of mobile communication network of New generation of GSM
standard – mobile communication services
 Cellular communication of CDMA 2000 1X standard – mobile communication
services
 Trans-Asian-European Fiber Optic Communication Line – over 11 thousand km of
FOCL to be launched into operation
 Installation of telephone services in rural settlements with population over 50
people and ancillary modernization of rural telecom network
 Development of Postal-Saving System of the Republic of Kazakhstan Program
for 2005-2010
 Modernization of postal-financial infrastructure and set-up of information and
logistic system
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Existing Investment Projects
In Oil and Gas:
 Development of resource base: 4 new projects under development (Tyub-Karagan,
Kurmangazy, Jemchujiny, Jambai)
 Geographic business expansion: establishment of joint venture based on Orenburg gas
refining plant (GRP) being arranged
 Development of infrastructure to support off-shore operations: construction of
Supporting Base for off-shore oil operations at Bautino port and Vessel Fuelling Stations at
the eastern shore of Tupkaragnsky Bay; a special landfill for disposal of waste and chipping
from off-shore wells.
 Development of oil refinery, petrochemicals, marketing of oil and oil products:
Reconstruction of Atyrau Refinery is completed and it is planned to set up a full facility to
produce aromatic hydrocarbons; opportunities being considered for expansion in
European/Mediterranean region (acquisition of share in Romanian Company Rompetrol
Group in 2007)
 Diversification of routes for hydrocarbon transportation: active work on development of
existing and new transport systems, on capacity extension in the existing routes (AtyrauSamara, CPC, Central Asia-Centre)
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Development Institutions in Investment
Projects
World Bank
Perspective Investment Projects
Project
Description
POWER
Construction of Balkhash
Thermal Power Station (TPS)
The purpose is to ensure energy independence of the RK and meet
growing demand for power in the southern regions of the RK. It is
planned to commission two energy blocks with designed capacity
1,320 MW before 2013, and 4 energy blocks with designed
capacity 2,640 MW before 2017.
Kazakhstan Electricity
Transmission Rehabilitation
Project, Phase II
The project provides for modernization of grid elements that have
been modernized in the framework of Phase I of Modernization of
National Grid. It will include 56 substations with voltage
500/220/35/10 kV.
Construction of Alma
substation to be connected to
National Electricity Network of
Kazakhstan with voltage lines
500, 220 kV
The purpose of the project is to ensure reliability of energy supply to
Almaty Region and capacity output designed for construction of
Balkhash TPS
Scheme of power distribution
of Moinak HPS
The project implies construction of new open distribution devices of
substations, overhead transmission line 220 kV to be connected to
substation
Expansion and Reconstruction
of Ekibastuz GRES-2 with
installation of two blocks №3
and №4
The purpose is to increase the plant’s capacity by 525 MW to meet
growing demand of Kazakhstan in electric energy.
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Perspective Investment Projects
Project
Description
OIL AND GAS
Exploration and Production
Exploration and development of oil-and-gas bearing areas (Satpaev,
Shagala, Srednekaspiyskyy, Centralnaya, Darkhan, Mertvyy
Kultuk); participation in projects of energy development in Federal
Republic of Bosnia and Herzegovina; field development
(Imashevskoye, Khvalynskoye)
Oil and Gas Transportation
Modernization of gas distribution system of South Kazakhstan
Oblast; Construction of oil pipeline Burgas-Alexandroupolis;
formation of Kazakhstan Caspian Transport System to be
connected to Baku-Tbilisi-Ceyhan Pipeline; Kazakhstan-China
Pipeline; Pre-Caspian Gas Pipeline; Beyneu-Bozoy-ShalkharSamsonovka Pipeline.
Development of Infrastructure
to Support Offshore
Operations
Plans for extension of sea ports Aktau and Kuryk, as well as
construction of North-Caspian Oil Spill Response Base to provide
services and stevedoring
Oil Refinery and
Petrochemicals
Production of road asphalt (Aktay); aromatic hydrocarbons (Atyrau);
extension of oil product retails network; establishment of JV based
on Orenburg GRP
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Perspective Investment Projects
Project
Description
TRANSPORT INFRASTRUCTURE
Fleet increase in Air Astana
JSC
Purchase of 10 jet passenger airplanes Boeing, Airbus
Development of transit
potential
Construction of new railway lines (Jezkazgan-Beineu, KhorgosSaryozek, Eralievo-Kuryk, Mangyshlak-Bautino) subject to
development of Caspian oil shelf, growing production and
transportation of crude oil and oil products, need for strengthening
port infrastructure. Formation of closed railway network of
Kazakhstan
Electrification of railways
Improvement of economic performance of rail transport
Modernization and
replacement of rolling stock
Purchase of new locomotives: shunting diesel locomotives,
passenger electric locomotives, as well as modernization of existing
diesel locomotive stock with longer life time
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Perspective Investment Projects
Project
Description
TELECOM
To complete construction of National Information Super Backbone
DWDM. It is planned to complete construction of junctions with
international telecom operators
Extension of Backbone IP/MPLS up to 2 GB/s
Extension of metropolitan area network Metro Ethernet up
to10Gbit/s. Extension of port capacity ADS
Modernization and Extension
of Telecom Networks of
Kazakhstan
Introduction of digital TV services IPTV
Wide use of innovative technologies Wi-Fi and Wi-Max to provide
broadband access to Internet
Construction of CDMA 450 network in rural areas
Creation of metropolitan area networks New Generation Network in
six Oblast Centers. Packet switching-based network will be
constructed in all large cities of the country in the nearest
perspective. Development of local telephone networks will be
oriented on SIP-telephony, Hosted PBX, IP Centrex, universal voice
mail
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Perspective Investment Projects
Project
Description
MACHINE BUILDING
Set up of wagon assembly
enterprise in Kazakhstan
To meet demand for wagons in Kazakhstan and CIS
Construction of locomotive
assembly plant in Astana
To meet demand for locomotives in CIS, Baltic States, Georgia and
Mongolia. Producing capacity - 100 locomotives per year, based on
diesel-generators of General Electric
Based on Uralsky Zavod Zenit
JSC to arrange manufacturing
of special 500-ton vessels and
barges
During 2008 -2010 to commercialize production of 500-ton vessels
of new type for the plant in the Republic of Kazakhstan for the
needs of Border Guard, Naval Forces and Ministry of Emergencies
Construction of facility to
produce rail wheels, axles and
other hardware in Kazakhstan
Designed capacity -100 ,000 rail wheels per year; 40 ,000 rail axles
per year
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Potential Opportunities for Cooperation
The Holding and its Companies are ready to
cooperate in the following areas:
• Power (construction, modernization and extension of
generating, distribution and transmission capacities).
• Oil, gas and petrochemicals.
• Telecommunication.
• Transport Industry and Machine Building.
• Mining Industry.
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Holding Samruk, JSC
tel: +7 7172 976 551
fax: +7 7172 790 400
www.samruk.gov.kz
Samruk Invest LLP
tel: +7 7172 790 851
fax: +7 7172 790 851