Kazakhstan will introduce a new "Tariff in exchange for investment" in the field of electricity supply, - Tokayev

Kazakhstan will apply the new "Tariff in exchange for investment". This was stated in his address by the President of the Republic of Kazakhstan Kassym-Jomart Tokayev.

According to the head of state, ⅔ of power supply networks, 57% of thermal communications and almost half of water supply networks in the country are worn out.

“These numbers speak for themselves. Artificial containment of tariffs is fraught with rolling blackouts, accidents, and, as a result, a threat to the health and life of citizens,” the President stressed.

The President believes that in monopoly markets it is necessary to switch to a new tariff policy “Tariff in exchange for investments”.

“The depreciation of networks and capacities should be reduced by at least 15%,” he said.

The tariff will be provided in exchange for investment in infrastructure and participation in the state monitoring system to ensure transparency, Tokayev said.

“The owner must make a significant part of the investment from his own funds, and not at the expense of the tariff,” the president shared.