ASTANA, Kazakhstan, May 10. Kazakhstan will attract about 327 billion tenge ($746.2 million) to increase the investment attractiveness of the energy sector, which is 44 percent more than last year's level, Kazakhstan's Minister of Energy Almassadam Satkaliyev said, Trend reports.
During the government meeting, he spoke about the passage of the heating season in Kazakhstan in 2023-2024.
“To increase the investment attractiveness of the energy sector and improve the reliability of energy supply to consumers in the upcoming heating season, the Ministry adjusted the marginal tariffs for electricity for 25 energy-producing organizations, where the average growth was 20 percent,” the minister said.
He noted that the marginal tariff in the market for electric capacity increased from 590,000 tenge ($1,346) to 1 million tenge ($2,282) per 1 MW per month. The annual limit of return investments was also increased from 32 to 428 billion tenge (from $73 million to $976.7 million).
Meanwhile, the volume of investments in fixed capital in Kazakhstan amounted to 2.8 trillion tenge (about $6.27 billion) from January through March 2024.
The predominant sources of investment financing remain the own funds of business entities, whose volume amounted to 2.17 trillion tenge (about $4.8 billion), or 77.1 percent of the total volume.
Budget funds amounted to 9.1 percent of the total investment in fixed capital, but compared to the same period in 2023, they decreased by 13.9 percent.