qzenergy

ownership and finance

Relationships and finance – disclosure only

17 corporate links and 5 finance facts come from official reports. Missing stakes and creditors are not reconstructed.

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Confirmed relationships

2024-12-31

Government of Kazakhstan

↓ ultimate control

Samruk-Kazyna

Source ↗
2026-03-31

Samruk-Kazyna

↓ 100% share

Samruk-Energy

Source ↗
2024-06-30

Samruk-Kazyna

↓ 85% share

KEGOC

Source ↗
2024

KEGOC

↓ operator

UES: North–Central grid

Source ↗
2026-08-14

KEGOC

↓ project owner

Karabatan–Ulke 500 kV line

Source ↗
2024-12-31

Samruk-Energy

↓ 100% share

Ekibastuz GRES-1

Source ↗
2024-12-31

Samruk-Energy

↓ 50% share

Ekibastuz GRES-2

Source ↗
2024-12-31

Samruk-Energy

↓ 100% share

Almaty Power Plants

Source ↗
2024-12-31

Samruk-Energy

↓ 100% share

Shardara HPP

Source ↗
2024-12-31

Samruk-Energy

↓ 100% share

Moynak HPP

Source ↗
2024-12-31

Samruk-Energy

↓ 25% share

Energia Semirechya wind farm – Shelek corridor

Source ↗
2024-12-31

Samruk-Energy

↓ 50% share

Forum Muider Limited

Source ↗
2024-12-31

Forum Muider Limited

↓ 100% share

Bogatyr Coal

Source ↗
2026-01-01

KazMunayGas

↓ 90% share

KazTransOil

Source ↗
2023-04-25

KazTransOil

↓ 50% share

Kazakhstan-China Pipeline

Source ↗
2023-04-25

CNODC

↓ 50% share

Kazakhstan-China Pipeline

Source ↗
2023-04-25

Kazakhstan-China Pipeline

↓ 100% share

Atasu–Alashankou

Source ↗

Disclosed finance

2024-12-31

Total borrowings

Samruk-Energy Group

373,098.4 million KZTBoundary: Long- and short-term borrowings under IFRS, Note 16.Source ↗
2024-12-31

Issued bonds

Samruk-Energy Group

76,784.975 million KZTBoundary: Long- and short-term issued bonds under IFRS, Note 16.Source ↗
2024-12-03

Project credit facility

Karabatan–Ulke 500 kV line

32 billion KZT

Development Bank of Kazakhstan

Boundary: Loan agreement disclosed for the West Kazakhstan grid interconnection project.Source ↗
2024-12-03

Project credit facility

Karabatan–Ulke 500 kV line

133.33 billion KZT

European Bank for Reconstruction and Development

Boundary: Upper disclosed amount; not treated as drawn balance.Source ↗
2024-12-03

Project credit facility

Karabatan–Ulke 500 kV line

15 million EUR

European Bank for Reconstruction and Development

Boundary: Separate euro tranche; no currency conversion is applied.Source ↗

Assets without a confirmed link

Uzen–Atyrau–SamaraKashagan gas processing plantZhanaozen gas processing plant1 GW wind farm in Pavlodar RegionFirst Wind Power Plant – EreymentauSamruk-Green EnergyEkibastuz CHPPKosshy gasification