Portfolio funds of KCM invested in the "green" energy of the country

DBK Equity Fund and Baiterek Venture Fund, the members of Kazyna Capital Management, invested 3.6 billion KZT 

DBK Equity Fund and Baiterek Venture Fund, the members of Kazyna Capital Management, invested 3.6 billion KZT in a project for wind power station construction in the Akmola region. Thus, their participation in the authorized capital of the project made 23.55%. 


DBK Equity Fund and Baiterek Venture Fund entered in the co-investment agreement last May. The decision to participate was made in view of the investment attractiveness of the project: a contract for sale of 100% of the energy produced at a fixed rate; high elaboration of the project; equipment supplier – Vestas, the global industry leader, providing full technical support. 


Moreover, the participation of KCM funds in the project contributes to the implementation of Kazakhstan’s strategy for the transition to a green economy. The commissioning of a wind power station will reduce greenhouse gas emissions by 230,000 tons per year, which exceeds emissions of more than 113,000 vehicles per year. Upon completion of the construction, the station will be able to meet the needs of more than 10 thousand families by renewable energy sources, thereby reducing the use of fossil fuel.

The total construction cost of the first commissioning and start-up complex with a capacity of 50 MW is 45.1 billion KZT. In addition to KKM Funds, Development Bank of Kazakhstan and BRK-Leasing invested in the project. Completion is expected in the second quarter of 2019. 

“This project is a paradigm example of synergy and integrated approach to the implementation of projects by subsidiaries of Baiterek NMH. Four co-financing organizations participated in it, each of them provided its own unique set of support tools thanks to which the project became possible”, - commented Ardak Kasymbek, the Chairman of the Board of Kazyna Capital Management JSC.
     
DBK Equity Fund is the Kazakhstan Direct Investment Fund established in 2017, with an initial capitalization of 33.5 billion KZT. Kazakhstan Development Bank JSC and Kazyna Capital Management JSC are the investors of the Fund.

Baiterek Venture Fund JSC was established in 2014, it is a member of the group of companies of Baiterek National Management Holding and is a 100% subsidiary of Kazyna Capital Management JSC.
BVF JSC was established to provide financial support tools to domestic companies operating in the priority sectors of the economy of Kazakhstan.
The Fund searches and invests in the projects of medium and large businesses through the provision of equity and debt financing at the start-up, growth and maturity stages. 
 

Media center
Kazyna Capital Management JSC
Kazyna Capital Management JSC will help the development the export-oriented meat cluster in Kazakhstan.

Meat products producer "Emc Agro" LLP plans to increase pork production through the financing of Kazyna

13.11.2019
Kazyna Capital Management JSC financed the construction of a wind power plant in Akmola region.

The project is implemented by TSATEK Green Energy LLP, established to develop investment projects in the field of renewable energy sources (RES). 

05.11.2019
of Holding
Baiterek made report on the progress of «Nurly Zher» program realization

Today the results of «Nurly Zher» housing construction program realization for 9 months of 2017 were considered at the meeting of the Administration. «Baiterek» Holding works on four of five main areas of the program.

23.10.2017
Даурен Онаев: «Изменения в нормативно-правовую базу по долевому строительству увеличат количество объектов на получение гарантии фонда»

Даурен Онаев отметил, что поправки в законодательство инициированы Министерством по инвестициям и развитию на основе анализа ситуации по строительным компаниям, не получившим гарантию фонда.

10.10.2017
To contact PR department
Our values
Investment activity
Feedback
Facebook