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Friday, 19 April 2019

HEARINGS ON THE ANNUAL REPORT OF JSC «ALES» FOR 2018 ON THE ACTIVITY TO PROVIDE REGULATED SERVICES HAVE BEEN HELD IN JSC “ALMATIAN ELECTRIC STATIONS”

In accordance with the Law of the Republic of Kazakhstan “On Natural Monopolies”, on April 16, 2019, CHPP-1 held hearings on the annual report on the provision of regulated services. “Almaty Electric Power Plants” JSC is a subject of a natural monopoly and is included in the Republican section of the State Register of Natural Monopoly Subjects on the production of thermal energy and the supply of water through main pipelines. Representatives of authorized and state bodies, consumers, public associations, mass media, independent experts, etc. took part in public hearings.

A detailed report on the implementation of the investment program and the main financial and economic indicators of the activity of AlES JSC for the reporting year 2018 was made by the Chairman of the Board of AlES JSC, a deputy of the maslikhat of Almaty N. Mukhamed-Rakhimov.

- According to the results of 2018, the actual volume of services rendered from activities for the production of heat energy amounted to 5,527 thousand Gcal, which is 183 thousand Gcal or 3% more than the volume stipulated in the approved tariff estimate. Revenue from the sale of thermal energy amounted to 21,647.1 million tenge, expenses 21,777.5 million tenge. Loss from heat production activities (-130.4) million tenge. The depreciation deductions from the assets involved in the provision of regulated services are directed to the implementation of the investment program in the amount of 1,069.8 milliontenge and to repay the principal debt of the investment loan “Reconstruction and expansion of Almaty TPP-2. Stage III. Boiler unit №8 ”in the amount of 1 431.7 million tenge, - said Nurlan Mukhamed-Rakhimov, Chairman of the Board of JSC“ AlES ”, in the report

According to the results of 2018, the actual volume of services rendered from water supply through the main pipelines amounted to 30.8 million m3, which is 2.2 million m3 or 8% higher than the volume stipulated in the approved tariff estimate. Revenues from the sale of chemically treated water amounted to 1 824.0 million tenge, expenses 1 740.6 million tenge, profit 83.4 million tenge. In accordance with the current legislation, the profit and depreciation charges are directed to the implementation of the Investment Program. The measures stipulated by the approved Investment Program for 2018 from the activities on water supply through main pipelines were fully implemented at the expense of own funds in the amount of 33.0 million tenge.

The Chairman of the Board elaborated on the prospects of the company. In particular, he spoke about the gasification projects of the Almaty energy complex, the modernization of the Almaty CHP-2, the expansion of CHP-1, and others.

The participants asked questions about the implementation of the temperature schedule set by AlTS LLP, maintaining the pressure of network water, the costs of servicing investment loans, and the prospects for the activities of AlES JSC. All questions were given comprehensive answers.