Dear colleagues,

The last year of 2013 became a relevant stage within the process of implementation of large-scale investment program of “Central Asian Electric Power Corporation” JSC, which has started in 2009. As for us, this year was very remarkable. Electric power generation volumes of “CAEPCO” JSC have grown by 10,1%, in comparison with 2012, useful electric power supply with tires increased by 12,3%. Generated electric power composed kW/h 6 137,4 million, and kW/h 5 253,5 million was supplied with tires. As for the heat power, Gcal 6 132 thousand was generated, and Gcal 6 131,7 thousand was supplied to the consumers.

The implementation of investment program is being executed at full speed. The Company has completed all proposed plans for 2013 related to the modernization of the main equipment of its subsidiaries.

In December 2013 “SEVKAZENERGO” JSC put into operation a new turbine unit St. # 4 with capacity of MW 63 at Petropavlovsk CHP-2. As the result, there is additional generation of electric power with the volume of MW/h 288,8 million per year. Moreover, the project on construction of new ash dump # 2 of Petropavlovsk CHP-2, which will provide uninterrupted transmission and warehousing of ash-wastes without harming environment for the next 20 years.

In 2013 “PAVLODARENEGO” JSC fully completed the reconstruction project of ash collectors at all boilers of Pavlodar CHP-2, CHP-3 and Ekibastuz CHP. Due to this, the degree of purification of combustion gases from ashes increased from 97% to 99,5%, and annual emissions of ashes are reduced by 5 times in comparison with 2008 (year of the beginning of reconstruction). At Pavlodar CHP-3 work on installation of a turbine unit of MW 75 St. # 2 has been started.

As a whole, the companies demonstrate a stable growth of generation indicators. It is a natural result of coordinated work of the whole big staff of “CAEPCO” JSC. Expressing huge gratitude to the employees of the Company, I would like to inform that performance of generation indicators as of 2013 was noted by the holding’s top management, including the material remuneration. Thus, more than 1,5 thousand employees of Pavlodar CHP-3, Ekibastuz CHP and Petropavlovsk CHP-2 were encouraged by the bonus repayments. The Board of Directors of “CAEPCO” JSC decided to increase the wage level of the production personnel by an average of 7,5% since the beginning of the year.

In the annual address of the President to the people of Kazakhstan “Kazakhstan’s way – 2050: common goal, common interests, common future”, Nursultan Nazarbayev emphasized that Kazakhstan would develop the energetics in its traditional forms. The President mentioned the necessity of innovations’ search support in the sphere of cleaning the emissions of thermal power plants, as well as universal economy of electric power on the base of the latest technologies in generation and in life.

These objectives are the foreground directions of the work of “Central Asian Electric Power Corporation” JSC. New equipment is being implemented within the subsidiaries of the Company, which already helps to reduce the specific fuel expenses for a unit of generated production and significantly reduce the volumes of harmful emissions to the environment. In line with this, the Company intends to continue increasing the volumes of generation. The plan for 2014 is to increase the electric power output by 4,3% and heat power by 11,2% is. 

The Company has started 2014, forming the powerful base for the further development: significantly upgraded the generation assets of the companies, works on the modernization of the main equipment are being continued, power saving technologies are being implemented, staff composition is built up for the execution of further strategic aims faced by the Company.

All employees of “CAEPCO” JSC, recognizing high social significance of their business, are united by one aim, which is to organize reliable and uninterrupted supply of light and heat for their consumers, the number of which exceeds 2 million people today.

We have all conditions for this purpose and as the head of the Company I express my strong confidence in further progressive development of “Central Asian Electric Power Corporation”!

Yours faithfully, Yerkyn Amirkhanov