The company takes this into account when making decisions and building a long-term strategy. Our focus is on attentive attitude to the interests of society, ensuring the reliable functioning of the UPS of the Republic of Kazakhstan, advancing the development of the NPG of the Republic of Kazakhstan, ensuring decent working conditions and well–being of people, caring for the environment. This is reflected in the Development Plan (Strategy) of KEGOC JSC for 2023-2032, approved by the Board of Directors of KEGOC JSC.

The status of the system operator of the UPS of the Republic of Kazakhstan defines the functions of KEGOC JSC to ensure parallel operation with the power systems of other states, maintain a balance in the power system, provide system services and purchase auxiliary services from subjects of the wholesale electricity market, as well as to ensure the transmission of electric energy through the NPG of the Republic of Kazakhstan, its maintenance and maintenance in operational readiness.

Important factors of successful development are:

• improving the efficiency of the Company’s activities and introducing a portfolio approach to asset management and investment projects;
• taking into account the impact of ongoing changes in the electric power industry, which have a significant impact on the development of the electric power industry (energy transition and decarbonization of the economy, development of renewable energy sources, digitalization of business, automation of processes and information security, etc.);
• transformation of people’s consciousness.

The results of the latest strategic analysis of the current state of KEGOC JSC and SWOT analysis showed that the main Challenges for the Company affecting the effectiveness of its activities and which should be taken into account when determining strategic goals and objectives in the Development Plan (Strategy) are:

• insufficient capacity of the NPG of the Republic of Kazakhstan, taking into account the projected increase in loads;
• shortage of electric energy and capacity in the country in the medium term due to increased consumer loads;
• the development of renewable energy sources, which has an impact on the reliable operation of the electric grid;
• digitalization and automation of power system management, as well as ensuring cybersecurity;
• an increase in the degree of deterioration of electrical networks and the associated risks of asset failure;
• an updated portfolio of investment projects, taking into account new approaches in investment planning and project management;
• introduction of a balancing market;
• the need for the Company’s active participation in the formation of new approaches in the management of the electric power industry and the model (design) of the market that ensures the development of the electric power industry as a whole.

When developing the Development Plan, the following were taken into account: the legislation of the Republic of Kazakhstan, national priorities, state programs, international obligations, including human rights and environmental protection, as well as obligations to stakeholders, etc.