Kazakhstan Electricity Grid Operating Company (KEGOC) was established in accordance with Decree No.1188 of the Government of Kazakhstan dated 28 September 1996 ‘On some measures to restructure power system management in Kazakhstan’. The date of initial registration of KEGOC is 11 July 1997.
Early termination of the term of powers of the following members of KEGOC’s Board of Directors: Kuanysh Bektemirov on his own initiative.
The Kazakhstan Stock Exchange (KASE) held a meeting on the Issuer Day dedicated to KEGOC to increase the investors’ interest in the issuer and seek feedback about the issuer from the shareholders.
KEGOC held hearings of the annual performance report for the consumers and other stakeholders about regulated services provided by the Company.
KEGOC held an annual General Meeting of Shareholders to approve the annual financial statements for 2017 and the amount of funds for dividend payment .
Also, the meeting determined the number of members, terms of office of KEGOC’s Board of Directors, elected its members and the chair, and the rates and terms of remuneration and compensation of expenses for the members of KEGOC’s Board of Directors.
Ibragim Tagashev, was elected the Chairman of KEGOC’s Board of Directors.
KEGOC published its financial statements for 2017 and for the first quarter of 2018.
KEGOC started payment of dividends on KEGOC’s ordinary shares for 2017.
S&P Global Ratings upgraded the long-term credit rating of KEGOC from BB to BB+ with ‘Stable’ outlook.
Fitch confirmed ‘BBB-’ rating of KEGOC with ’Stable’ outlook.
Moody’s confirmed ‘Baa3’ rating of KEGOC and raised its BCA to ‘ba2’.
KEGOC published its interim financial statements for H1 2018.