Economy • 26 November, 2018

All investment programs reviewed to prevent further growth of electricity tariffs — Ministry of Energy

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Nov. 26 at the press conference following the Government meeting, Vice Minister of Energy Sungat Yessimkhanov spoke about the measures taken to reduce electricity tariffs to 25%.

“We are now conducting an audit of the relevant costs of all power plants in conjunction with the General Prosecutor’s Office and the Atameken National Chamber of Entrepreneurs. Probably at some stations, tariffs will be reduced by 25%, and at some stations, the reduction may be less. For example, in the southern regions, tariffs at stations that operate on gas may remain at the same level. Currently, the analysis is underway,” said the vice minister of energy.

According to him, the increase in tariffs was due to investment work. In this regard, all investment programs that have been used before are being revised.

“We are now considering issues of reducing tariffs, whether it can be left for the next year, whether it is possible to look for other means for these purposes, etc. The decision will be made within 10 days,” said Yessimkhanov.

He also stressed that work is underway to prevent further growth of electricity tariffs.

In addition, the vice minister of energy said that according to the instructions of the President, the analysis covered the work of all 43 energy-producing organizations. To this end, the Ministry of Energy has formed a working group with the participation of representatives of the Presidential Administration, interested state bodies and members of the Atameken NCE. In the next 10 days, the results of work will be approved in the form of orders.

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