Kazakhstan plans to nationalize ailing energy companies

Kazakhstan has indicated that it is considering nationalizing troubled energy companies after yet another power outage.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Kazakhstan said it was considering nationalizing troubled energy companies after yet another power outage left thousands of residents without heat despite the polar cold in a city in Central Asia’s largest country.

“President Kassym-Jomart Tokayev has instructed Prime Minister Alikhan Smailov to study the issue of nationalization of problematic energy assets,” the presidential spokesman wrote on his Facebook account.

“Their mismanagement causes accidents and breakdowns in the supply of electricity,” the spokesman continued.

Since independence from the Soviet Union in 1991, the energy systems of the Central Asian countries remain interconnected but are sometimes antiquated, despite investments.

The Kazakh government reported in October that the rate of wear and tear on regional power grids had reached about 65%.

Accidents in power plants are regularly recorded, the loss of electricity during transmission is still enormous and the upgrading work is often delayed.

Since Sunday, several thousands of inhabitants are without heating by minus thirty degrees in Ekibastouz (north) after an accident on Sunday at the power station supplying the city.

The spokesman for President Tokayev, who was re-elected on November 20 with 81.31% of the vote, added that those responsible for the accident in Ekibastuz should be “brought to justice.

Kazakhstan, which is rich in hydrocarbons, obtains almost all of its electricity from coal, gas and, to a lesser extent, hydroelectric power, but must import electricity, especially to supply the south and west of the country.

Under the authoritarian Nursultan Nazarbayev, who was in power for three decades, the energy sector was liberalized and handed over to oligarchs.

In January, a huge power outage hit Kazakhstan and two neighboring countries, Kyrgyzstan and Uzbekistan.

Under political pressure, Ademe faces proposals for its elimination. Its president reiterates the agency’s role and justifies the management of the €3.4bn operated in 2024.
Solar and wind generation exceeded the increase in global electricity demand in the first three quarters of 2025, leading to a stagnation in fossil fuel production according to the latest available data.
The Malaysian government plans to introduce a carbon tax and strengthen regional partnerships to stabilise its industry amid emerging international regulations.
E.ON warns about the new German regulatory framework that could undermine profitability of grid investments from 2029.
A major blackout has disrupted electricity supply across the Dominican Republic, impacting transport, tourism and infrastructure nationwide. Authorities state that recovery is underway despite the widespread impact.
Vietnam is consolidating its regulatory and financial framework to decarbonise its economy, structure a national carbon market, and attract foreign investment in its long-term energy strategy.
The European Bank for Reconstruction and Development strengthens its commitment to renewables in Africa by supporting Infinity Power’s solar and wind expansion beyond Egypt.
Governor Gavin Newsom attended the COP30 summit in Belém to present California as a strategic partner, distancing himself from federal policy and leveraging the state's economic weight.
Chinese authorities authorise increased private sector participation in strategic energy projects, including nuclear, hydropower and transmission networks, in an effort to revitalise slowing domestic investment.
A new regulatory framework comes into effect to structure the planning, procurement and management of electricity transmission infrastructure, aiming to increase grid reliability and attract private investment.
À l’approche de la COP30, l’Union africaine demande une refonte des mécanismes de financement climatique pour garantir des ressources stables et équitables en faveur de l’adaptation des pays les plus vulnérables.
Global energy efficiency progress remains below the commitments made in Dubai, hindered by industrial demand and public policies that lag behind technological innovation.
Global solar and wind additions will hit a new record in 2025, but the lack of ambitious national targets creates uncertainty around achieving a tripling by 2030.
South Korean refiners warn of excessive emissions targets as government considers cuts of up to 60% from 2018 levels.
Ahead of COP30 in Belém, Brazilian President Luiz Inacio Lula da Silva adopts a controversial stance by proposing to finance the energy transition with proceeds from offshore oil exploration near the Amazon.
An international group of researchers now forecasts a Chinese emissions peak by 2028, despite recent signs of decline, increasing uncertainty over the country’s energy transition pace.
The end of subsidies and a dramatic rise in electricity prices in Syria are worsening poverty and fuelling public discontent, as the country begins reconstruction after more than a decade of war.
Current emission trajectories put the planet on course for a 2.3°C to 2.5°C rise, according to the latest UN calculations, just days before the COP30 in Belem.
The Australian government plans to introduce a free solar electricity offer in several regions starting in July 2026, to optimize the management of the electricity grid during peak production periods.
India is implementing new reforms to effectively integrate renewable energy into the national grid, with a focus on storage projects and improved contracting.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.