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Meeting of the Energy Sector Development Coordinating Council

On December 28 of the outgoing year a regular meeting of the Energy Sector Development Coordinating Council was held, at which the results of work in 2022 were summarized and plans for the next year were outlined. Council members also discussed the results of EY's research on transitional climate risks in Kazakhstan and their impact on the financial performance of power companies.

Konstantin Taranets, an expert with EY, spoke about development scenarios for the industry through 2060 with an eye on investment attractiveness. Emphasis was placed on electricity tariffs, CO2 pricing and environmental requirements. As a result of the discussion, it was decided to cover the risks of energy transition of the industry and their impact on the financial performance of power companies.

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