ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of August 12, 2025 No. 606

About approval of Rules of forming and establishment of terms of provision of investment rate

According to subitem 1-6) of article 4 of the Law of the Republic of Kazakhstan "About power industry" the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of forming and establishment of terms of provision of investment rate.

2. This resolution becomes effective after ten calendar days after day of its first official publication.

Approved by the Order of the Government of the Republic of Kazakhstan of August 12, 2025 No. 606

Rules of forming and establishment of terms of provision of investment rate

Chapter 1. General provisions

1. These rules of forming and establishment of terms of provision of investment rate (further – Rules) are developed according to subitem 1-6) of article 4 of the Law of the Republic of Kazakhstan "About power industry" (further – the Law) and determine procedure for forming of investment rate for electrical energy and establishments of terms of its provision to wholesale consumers of electrical energy.

2. In these rules the following basic concepts are used:

1) investment rate – hourly rate for purchase of electrical energy from the single purchaser of electrical energy for covering of investment obligations according to investment projects which implementation began till July 1, 2023, determined according to the procedure, provided by the Law;

2) the wholesale market of electrical energy – the system of the relations connected with purchase and sale of planned amounts of electrical energy, functioning on the basis of purchase and sale agreements of electrical energy between subjects of the wholesale market of electrical energy;

3) the subjects of the wholesale market of electrical energy which - are power making, power transferring, power supplying the organizations which are power making the organizations using the renewable energy resources which are power making the organizations using the secondary energy resources which are power making the organizations using energy waste recycling, the consumers of electrical energy, digital mayner and administrators of hybrid groups included in the list of subjects of the wholesale market of electrical energy created by the system operator and also the system operator, the operator of the market of centralized trade and the single purchaser of electrical energy;

4) the power making organization – the organization performing production of electrical and (or) heat energy for own needs and (or) realization, except for net - the consumers who are those according to the legislation of the Republic of Kazakhstan in the field of support of use of renewable energy resources;

5) the receiver of investment rate – the wholesale consumer of electrical energy (industrial facility) included in the list of the consumers of the wholesale market of electrical energy performing purchase of electrical energy on investment rate, approved by the order of the Government of the Republic of Kazakhstan (further – the list) according to subitem 1-5) of article 4 of the Law, performing purchase of electrical energy on investment rate according to the procedure, determined by the these rules and Rules of the organization and functioning of the wholesale market of electrical energy approved by the order of the Minister of Energy of the Republic of Kazakhstan of February 20, 2015 No. 106 (it is registered in the register of state registration of regulatory legal acts at No. 10531) (further – Rules of the organization and functioning of the wholesale market of electrical energy);

6) investment obligations – own means and (or) obligations of the investor on financing of the capitalized and not capitalized expenses on acquisition, creation, construction and commissioning of the new fixed project assets, and also remunerations and other expenses on borrowed funds incurred in connection with project implementation both at construction stage and during operation, according to International Financial Reporting Standards and (or) requirements of the legislation of the Republic of Kazakhstan about financial accounting and the financial reporting.

Other terms and determinations used in these rules are applied according to the legislation of the Republic of Kazakhstan in the field of power industry.

Chapter 2. Procedure for forming of investment rate

3. The investment rate is determined as the cost amount relation on purchase of electrical energy by limiting rate of the power making organization to which networks the corresponding consumer, shares of costs of the single purchaser of electrical energy for purchase of import electrical energy and support of renewable energy resources taking into account share of purchase of electrical energy from the single purchaser of the corresponding consumer in the total amount of sale of electrical energy by the single purchaser of electrical energy is connected to amount of consumption of the receiver of investment rate.

4. Value of investment rate in the corresponding hour of days of settlement period (calendar month) is determined by the following formula:  

 , where

Ti – investment rate in the corresponding hour of days of settlement period (calendar month), in tenge/kW (it is rounded to the 100-th);

Tpred – extreme value of rate for electrical energy of the power making organization;

Tsvie (1).i – the price of the long-term agreement of purchase and sale of electrical energy of i-y of the power making organization using renewable energy resources (energy waste recycling), concluded with the single purchaser of electrical energy in tenge/kW without the value added tax (further – the VAT) (it is rounded to the 100-th);

Wvie (1).i – amount of electrical energy which i-I am the power making organization using renewable energy resources (energy waste recycling) sold to the single purchaser of electrical energy at this o'clock of days within the long-term agreement of purchase and sale of electrical energy signed with the single purchaser of electrical energy, kWh (it is rounded to whole);

Tsvie (2).i – the price of the long-term agreement of purchase and sale of electrical energy of i-y of the power making organization using renewable energy resources (energy waste recycling), concluded with settlement financial center in tenge/kW excluding VAT (it is rounded to the 100-th);

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