ASTANA, Kazakhstan, January 16. Kazakhstan KEGOC JSC (Kazakhstan Electricity Grid Operating Company) has received 42.7 billion tenge (about $94.3 million) of net profit from January through December 2023, Trend reports.
Compared to the same period in 2022, profit growth was 60 percent (for 2022, profit was 26.7 billion tenge or about $59 million).
At the same time, KEGOC’s gross profit for 2023 compared to 2022 increased by 39 percent, from 50.9 billion tenge (about $112 million) to 70.5 billion tenge (about $155 million).
In addition, the company's revenue amounted to 251.9 billion tenge (about $556 million). Revenue increased by 34.7 billion tenge (about $76.7 million) or 16 percent compared to 2022.
Meanwhile, electricity consumption in Kazakhstan for 10 months of 2023 amounted to 93.9 billion kWh, which is 2.5 percent more than in the same period last year.
In 2022, Kazakhstan produced 113.8 billion kWh of electricity, which is 1.1 percent less than in 2021.
Exports amounted to 2.2 billion kWh (+16.1 percent). The main buyers were: Russia – 1.5 billion kWh (+16.6 percent), Kyrgyzstan – 690 million kWh (+15.1 percent).
In turn, Kazakhstan bought 1.7 times more electricity than a year earlier - 3.7 billion kWh. Most of it was imported from Russia - 1.9 billion kWh (+8.4 percent), and Kyrgyzstan supplied 1.7 billion kWh (+5.6 times).