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Monday, 01 June 2020

JSC "ALES": HOLDING PUBLIC HEARINGS OF THE REPORT ON REGULATED SERVICES FOR 2019

On May 29, 2020, consumers and other interested parties heard a report on the implementation of the approved tariff estimate, on the implementation of the approved investment program of AlES JSC for 2019 for regulated services in accordance with the Law of the Republic of Kazakhstan "On Natural Monopolies" (paragraph 6, Article 25).
In order to prevent the spread of coronavirus infection, the event was held in an online format using electronic means of communication on the Zoom platform (on the recommendation of the Chief State Sanitary Doctor of Almaty).

The public hearings were attended by representatives of authorized and state bodies, consumers, public associations, independent experts, etc. - JSC "AlES" is a natural monopoly entity, the company is included in the Republican section of the State Register of Natural Monopoly
Entities for the production of thermal energy and water supply through main pipelines – Nurlan Mukhamed - Rakhimov, Chairman of the Management Board of JSC "AlES", noted in the report.

At the end of 2019, the actual volume of services provided for the production of thermal energy amounted to 4,980 thousand. Gcal, which is 379 thousand. Gcal or 7% lower than the amount stipulated in the approved tariff estimate. Income from the sale of thermal energy amounted to 16,704. 9 million tenge, expenses 17,479. 5 million tenge. Loss from thermal energy production (-774.6) million tenge. Depreciation deductions from assets involved in the provision of regulated services are directed to the implementation of the investment program in the amount of KZT 813.8 million and to the repayment of the principal debt under the investment loan " Reconstruction and Expansion of Almaty CHPP-2. Stage III. Boiler unit No. 8 " in the amount of KZT 1,418. 9 million.
At the end of 2019, the actual volume of regulated water supply services provided through main pipelines amounted to 29.2 million m3, which is 1.6 million m3 or 5% lower than the volume provided for in the approved tariff estimate. Revenues from the sale of chemically treated water amounted to 1,514. 6 million tenge, expenses 1,361. 2 million tenge, profit 153.4 million tenge. In accordance with the current legislation, the profit and depreciation deductions are directed to the implementation of the Investment Program. The measures provided for by the approved Investment Program for 2019 from the activities on water supply through main pipelines were fully implemented at the expense of own funds in the amount of 63.4 million tenge. The presentation also highlighted the issues of compliance with the quality and reliability indicators of regulated services, reviewed the main financial and economic indicators for 2019, analyzed the volume of regulated services provided during the reporting period, and identified the company's business prospects, taking into account the implementation of priority investment projects.