Investments in economic and social development
GRI 203-1 GRI 203-2 GRI 3-3
We are actively investing in various sectors of the economy, contributing to the country’s socio-economic development and creating opportunities for the population to improve their well-being. GRI 3-3
In the next 6 years, we are focused on investments in the country’s social and infrastructural development.
Our investment projects play an essential role in the regions where we operate, providing:
- social benefits: creation of jobs, improvement of standards of living;
- economic development: expansion of the regional economy, income growth, small business development;
- human resources development: attracting and developing specialists, their participation in new technological productions;
- economic diversification: reducing dependence on individual sectors and creating new growth opportunities.
The Fund’s investment portfolio, KZT trillion
In 2023, the Board of Directors of the Fund defined a list of 42 major investment projects for a total amount of ~ KZT 24 trillion, subject to regular monitoring by the Fund, a significant part of which is initiated within the framework of state programs, programs of the Government of the Republic of Kazakhstan. Their implementation plays a vital role in various sectors of the economy. Each of the projects contributes to the sustainable socio-economic development of the regions, as well as creates a favorable environment for attracting foreign investment in priority sectors of the economy.
Results of 2023:
15 projects worth KZT 1.1 trillion have been implemented, of which 5 are priority.
Priority investment projects of the Fund Group GRI 203-1 GRI 203-2 GRI 3-3
| Project Name | Project effect | Timing of implementation |
|---|---|---|
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1 Expansion of critical infrastructure |
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| Construction of gas infrastructure for CHPP-2, CHPP-3, Almaty city | The necessary infrastructure for the conversion of Almaty CHPPs to gas. Creation of 450 temporary jobs (construction period), 22 permanent jobs (operation period). | 2021-2024 |
| Construction of the second string of the “Beineu-Bozoi-Shymkent” main gas pipeline | Increase of gas transportation volumes, provision of infrastructure for the development of gas supply to the southern and central regions of Kazakhstan.
Creation of 4.5 thousand temporary jobs (construction period), 200 permanent jobs (operation period). |
2023-2026 |
| Construction of compressor stations based on CS-14 and the main gas pipeline “CS-14 — Kostanay” |
Provision of reliable gas supply to the population of Kostanay city and Kostanay region, as well as backbone enterprises.
Creation of 1.2 thousand temporary jobs (construction period), more than 400 permanent jobs (operation period). |
2023-2026 |
| Construction of second tracks on the Dostyk — Moyinty railway section |
Increase in train speed, increase in throughput and carrying capacity of Kazakhstan’s main transit corridor along the China-Europe route. Creation of 1.5 thousand temporary jobs (construction period), 235 permanent jobs (operation period). |
2022-2025 |
| Construction of a railway line bypassing Almaty junction |
Unloading of the Almaty railway junction by 40%. Considering the projected growth in freight flows, increasing the capacity and speed of freight passing through the China-Europe and China-Central Asia transit corridors. Creation of more than 1 thousand temporary jobs (construction period), 500 permanent jobs (operation period). |
2023-2025 |
| Construction of the “Darbaza-Maktaaral” railway line |
By relieving the Saryagash checkpoint and attracting additional cargo traffic of up to 10 million tonnes per year, the project will contribute to the development of the Turkestan region by connecting it to the leading railway network of the republic. Creation of more than 3.4 thousand temporary jobs (construction period), 600 permanent jobs (operation period). |
2023-2026 |
| Construction of the third “Bakhty” railway border crossing on the Kazakhstan-China border with access to the existing Semey-Aktogay railway section |
Increasing the throughput capacity between Kazakhstan and China to 20 million tonnes. Creation of more than 1.7 thousand temporary jobs (construction period), 500 permanent jobs (operation period). |
2023-2027 |
| Construction of 5G network in the Republic of Kazakhstan |
Provision of broadband access to mobile Internet and a corresponding increase in data transmission speed. Creation of 100 new jobs. |
2023-2027 |
| Laying a backbone of fiber-optic communication lines along the Caspian Sea bottom | Enhancing the country’s status as a regional digital hub. Create a digital corridor from Europe to China, ensure the country’s telecommunications security and information sovereignty, and diversify current routes. | 2023-2025 |
| Infrastructure facilities of the Special Economic Zone “National Industrial Petrochemical Technopark” |
To increase the efficiency of the free economic zone’s potential in the economic sphere. Creation of more than 400 temporary jobs (construction period), 300 permanent jobs (operation period). |
2014-2026 |
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2 Construction of social infrastructure |
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| Comfortable schools | Solving the problem of lack of school places. Domestic raw material producers will be involved in the project’s implementation. | 2023-2026 |
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3 Ensuring energy security |
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| Rehabilitation of Power Unit No. 1 of SDPP-1 | Rehabilitation of the power unit, reduction of emissions due to installation of new electrostatic precipitators. Creation of more than 500 temporary jobs (construction period), 54 permanent jobs (operation period). |
2012-2024 |
| Expansion and reconstruction of Ekibastuz SDPP-2 with the installation of power unit st. №3 | Increasing the capacity of base power generation by more than 1.2 GW in order to ensure reliable power supply. Creation of more than 1.5 thousand temporary jobs (construction period), 400 permanent jobs (operation period). |
2006-2027 |
| Expansion of Ekibastuz SDPP-2 with the installation of power unit st. No. 4 | 2022-2029 | |
| Construction of Ekibastuz SDPP-3 with the installation of power units st. No.1 and No.2 based on clean coal technology | Increase of base power generation capacity based on clean coal technology up to 1.2 GW. Creation of more than 1.5 thousand temporary jobs (construction period), 500 permanent jobs (operation period). |
2023-2029 |
| Construction of a CCGT-based power plant with a capacity of up to 1,000 MW in Turkestan region | Solving the problem of energy deficit, smoothing the peak of energy consumption during congestion hours in the southern zone, creating conditions for integration of RES into the national energy system. Creation of more than 2 thousand temporary jobs (construction period), 500 permanent jobs (operation period). |
2022-2026 |
| Unification of the power system of West Kazakhstan with the Unified Power System of Kazakhstan | Strengthening 220 kW power grids between the country’s western regions will increase the capacity and reliability of power supply and provide power supply to future significant wind and gas generation facilities. Creation of more than 900 temporary jobs (construction period), 20 permanent jobs (operation period). |
2021-2027 |
| The first stage of the project of strengthening the power grid of the Southern Zone of the Unified Electricity System of Kazakhstan | Strengthening the power system to ensure the reliability of the power supply to consumers and to strengthen the electrical connection between the regions of the South Zone.
Creation of about 400 temporary jobs (construction period), 17 permanent jobs (operation period). |
2021-2026 |
| Modernisation of Almaty CHPP-2 CCGT with capacity up to 600 MW | Converting the plant to gas and reducing the negative impact on the environmental situation in Almaty.
Providing consumers of Almaty and Almaty region with reliable and uninterrupted power and heat supply.
Creation of about 700 temporary jobs (construction period), 250 permanent jobs (operation period). |
2021-2026 |
| Reconstruction of Almaty CHPP-3 based on CCGT with an increase of plant capacity up to 450 MW | Increasing gas generation capacity and providing consumers of Almaty and Almaty region with reliable and uninterrupted power and heat supply.
Creation of about 650 temporary jobs (construction period). |
2021-2026 |
| Construction of a cyclic-flow stripping complex (CFSC) at “Bogatyr” open pit mine | Increasing the production capacity of the Bogatyr open pit mine. | 2023-2026 |
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4 Development of renewable energy sources |
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| Construction of WPP up to 810 MW with Power China | Expansion of renewable energy generation from 60 MW to 810 MW. Creation of about 400 temporary jobs (construction period), 40 permanent jobs (operation period). |
2023-2030 |
| Construction of a 1 GW WPP with an energy storage system in the south-east of Kazakhstan together with “Total Eren” | The generation of renewable energy and the prevention of carbon dioxide emissions (estimated at 3 million tonnes of CO2-eq). Creation of about 400 temporary jobs (construction period), 40 permanent jobs (operation period). | 2022-2028 |
| Construction of a 1 GW wind farm together with “ACWA Power” | Generation of renewable energy, prevention of carbon dioxide emissions. Creation of about 400 temporary jobs (construction period), 40 permanent jobs (operation period). |
2023-2029 |
| Construction of 1 GW WPP with “Masdar” | Generation of renewable energy, prevention of carbon dioxide emissions. Creation of about 400 temporary jobs (construction period), 40 permanent jobs (operation period). |
2023-2028 |
| Construction of a 1 GW WPP with “China Power International Holding Ltd” | Generation of renewable energy, prevention of carbon dioxide emissions. Creation of about 400 temporary jobs (construction period), 40 permanent jobs (operation period). |
2023-2028 |
| Construction of SPP with “Unigreen Energy” for up to 1 GW capacity | Generation of renewable energy, prevention of carbon dioxide emissions. Creation of about 500 temporary jobs (construction period). |
2025-2028 |
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5 New product redesigns |
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| Polyethylene production project | Shifting away from the raw materials orientation of the economy by producing technological and high-margin products, expanding the portfolio of hydrocarbon products. Creation of about 8 thousand temporary jobs (construction period), more than 800 permanent jobs (operation period). During the construction of the gas separation complex, the creation of about 4,000 temporary jobs (construction period) and more than 138 permanent jobs (operation period). |
2022-2028 |
| Construction of a gas separation complex for the “Polyethylene” project | 2018-2028 | |
| Construction of a new gas processing plant in Zhanaozen city | Providing the population and industrial enterprises of Mangistau region with industrial and socially important fuel. About 400 new jobs will be created during the construction period, 171 during the operation period. Creation of about 400 temporary jobs (construction period), 171 permanent jobs (operation period). |
2018-2026 |
| Construction of the “Kashagan” gas processing plant (stage 1) | Building up the resource base for further gasification of the country, development of the gas processing industry in Kazakhstan. Creation of about 2 thousand temporary jobs (construction period), 600 permanent jobs (operation period). |
2021-2026 |
| Construction of a sulphuric acid plant with a capacity of 800 thousand tonnes per year | Import substitution (imports amounted to 2021 ≈ 10%, 2022 ≈ 38%). Associated generation of 30 MW. Clean electricity. Creation of about 700 temporary jobs (construction period), 121 permanent jobs (operation period). |
2022-2026 |
| Exploration of the “Shalkiya” polymetallic ore deposit | Expansion of the resource base. Lead-zinc ore. Creation of about 1.1 thousand temporary jobs (construction period), 1.5 thousand permanent jobs (operation period). |
2015-2026 |
| Exploration of the “Alaigyr” field | Development of technologically advanced sub-sector of non-ferrous metallurgy and import substitution of polymetallic ore processing products. Creation of about 250 temporary jobs (construction period), 500 permanent jobs (operation period). |
2013-2026 |
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6 Access to clean drinking water |
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| Construction of the “Kenderley” seawater desalination plant | Access to water for the population and enterprises of Zhanaozen and load reduction on the “Astrakhan-Mangyshlak” water pipeline. Creation of about 200 temporary jobs (construction period), 100 permanent jobs (operation period). |
2021-2025 |
