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Monday, 27 July 2020

JSC "ALES": HOLDING PUBLIC HEARINGS ON THE RESULTS OF THE 1ST HALF OF 2020. FOR REGULATED SERVICES

 On July 24, 2020, consumers and other interested parties heard the report of AlES JSC on the implementation of the approved tariff estimate, on the implementation of the approved investment program for the first half of 2020 for regulated services in accordance with the Law of the Republic of Kazakhstan "On Natural Monopolies" (paragraph 6 of Article 25). Taking into account the epidemiological situation in the Republic of Kazakhstan and the quarantine regime in Almaty, under which there is a ban on holding entertainment, sports and other mass events, the report on the results of the first half of 2020 on regulated services was conducted in the format of a video conference on the Microsoft Teams platform.

JSC "AlES" published an announcement on June 26, 2020 in the republican newspaper "Business Kazakhstan" No. 24 (721) and promptly notified all consumers of regulated services and other interested parties by posting a link to participate in the hearings on its Internet resource www.ales.kz in the "Media" section, the "Company News" subsection. The public hearings were attended by representatives of authorized and state bodies, consumers, public associations, 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 for the supply of water through main pipelines – said Nurlan Mukhamed-Rakhimov, Chairman of the Management Board of JSC "AlES"in the report.

The volume of services provided in the approved tariff estimate for services for the production of thermal energy is provided in the amount of 5.4 million rubles. Gcal. According to the results of the first half of 2020, the actual volume of services rendered for the production of thermal energy amounted to 2.8 million rubles. Gcal, 52% performance. Income from the sale of thermal energy amounted to 9,708. 1 million tenge, expenses 9,691. 6 million tenge. The profit for the first half of 2020 was at the level of 16.5 million tenge.

The implementation of investment measures is planned to be carried out in the second half of this year. In the first half of 2020, AlES JSC paid off the principal debt on an investment loan raised to finance the investment project " Reconstruction and Expansion of Almaty CHPP-2. Stage III. Boiler unit No. 8 " in the amount of 2,755. 9 million tenge, including from the activities for the production of thermal energy in the amount of 766.6 million tenge. The actual volume of services rendered from water supply activities through main pipelines in the first half of 2020 amounted to 13.5 million m3, an increase of 43.7% compared to the approved indicator of 30.8 million m3. Income from the sale of chemically treated water amounted to 756.4 million tenge, expenses 799.9 million tenge, loss 43.5 million tenge. The capital repair of the artesian well and water pipelines of CHPP-3, provided for in the approved investment program for 2020, is 28.3 million tenge, which is planned to be carried out in the second half of this year. 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 the first half of 2020, discussed possible changes in tariffs for water supply services via main pipelines for the next five-year period 2021-2025, identified the company's business prospects, taking into account the implementation of priority investment projects.