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Kazakh Samruk-Energy to cut investments

3 March 2015 14:16 (UTC+04:00)
Kazakh Samruk-Energy to cut investments

Kazakh Samruk-Energy company plans to decrease investments by 23 percent or 28.146 billion tenge (185.05 tenge =$1) in 2015, the company reported.

The operating expenses will be decreased by 6 percent or 10.824 billion tenge.
The optimizations of the costs will be done in line the presidential order due to the negative outlook for the economic situation in 2015.

However the Samruk-Energy will not decrease investments in the projects implementing within the State Program for Forced Industrial and Innovative Development, Nurly Zhol development program and the objects for EXPO-2017 exhibitions.

The company also does not plan to decrease the level of social provisions.
“The number of jobs places in the group of companies of Samruk-Energy will not be decreased in 2015,” the company said.

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