Kazakhstan: Energy Officials and Executives Disciplined Over Sector Violations

Not only executives from major industry firms, but also senior officials within the Ministry of Energy have faced disciplinary action following a sweeping audit of Kazakhstan’s electric power sector, Orda.kz reports.

The Supreme Audit Chamber recently completed an inspection of the ministry and several state-affiliated energy entities, including Samruq-Energo, KEGOC, KOREM, and RFC.

The findings were stark: unchecked spending, inflated tariffs, deteriorating infrastructure — all while the country faces an energy deficit.

According to the SAC, a total of 16 individuals were disciplined as a result:

• A department director at the Ministry of Energy
  
• The General Director of Yereymentau Wind Power LLP (a subsidiary of Samruq-Energo)
  
• The Managing Director for Finance at the Kazakhstan Electricity and Capacity Market Operator
  
• Several department heads and a deputy general director at KEGOC’s Settlement and Financial Center for Supporting Renewables
  
• Department heads and a managing director at Almaty Electric Stations (part of Samruq-Energo)

KEGOC’s renewable energy support center even dismissed some of its top managers.

The audit identified financial violations totaling 66 million tenge, inefficient planning worth 9.5 billion tenge, and misuse of assets and funds amounting to 104.7 billion tenge.

Original Author: Artyom Volkov