The deal took place within the group of the Samruk-Kazyna fund; the price was not disclosed. The board of directors made the decision on October 27, according to a disclosure on the AIX exchange cited by Forbes.kz.

The essence in brief

• KEGOC sold 100% of Energoinform's shares to Samruk-Kazyna Ondeu LLP; the transaction price was not disclosed.
• The board of directors made the decision on October 27, 2026; the conclusion of the agreement became known on November 3.
• The repeat auction on August 26 was declared failed: no bids were received, and the starting price was 2.58 billion tenge for 217,970 shares.
• Maintenance of the equipment of the National Electric Grid has been performed by a KEGOC branch since January 1, 2026.

What happened

Kazakhstan Electricity Grid Operating Company (KEGOC) JSC and Samruk-Kazyna Ondeu LLP signed a purchase and sale agreement for 100% of the shares of Energoinform JSC. KEGOC announced the board of directors' decision on the Astana International Exchange (AIX). The parties did not disclose the price or other terms of the transaction.

Energoinform is engaged in the maintenance of electrical grid equipment, IT services and system integration, the development and support of automated control systems, as well as design, construction and installation in the telecommunications sector and communication services.

Why no buyer was found at first

Before the intra-group deal, attempts were made to sell the company at electronic auctions. The repeat auction on August 26 was declared failed because no one submitted a bid. The starting price for all 217,970 ordinary shares was 2.58 billion tenge, and the participant's guarantee deposit was 387.3 million tenge.

After that, KEGOC and Samruk-Kazyna stated that they were considering alternative mechanisms for selling the 100% stake. The intra-group sale became that mechanism.

What will happen to grid maintenance

KEGOC stated that the change of ownership of Energoinform will not affect the reliability and safety of the grid's operation. All functions for the operational maintenance of the equipment of the National Electric Grid, including technological processes, their maintenance and control, remain within KEGOC's structure. They have been transferred to the Information and Telecommunication Systems branch, which has been operating since January 1, 2026, and performs the tasks previously handled by Energoinform. KEGOC continues to perform the functions of system operator of the Unified Electric Power System of Kazakhstan.

What remains unknown

The price has not been disclosed, so it is impossible to say whether Energoinform was sold at the auction's starting price or otherwise. At the auction, the buyer was offered to preserve the company's profile in servicing ICT equipment for 1.5 years, retain jobs and employees for a year, and pay off wage arrears at the time of transfer. Whether these conditions apply to the final deal is not stated in the disclosure. There is no data on Energoinform's revenue, profit, assets or headcount in public reports.

What is happening in Kazakhstan's energy sector

KEGOC itself remains at the center of major energy projects. The Development Bank of Kazakhstan approved about 54.5 billion tenge for the first phase of a 1 GW project: among the two solar stations is a 185 MW station for KEGOC. For the industry as a whole, professional standards are being prepared and staffing norms for power plants and grids are being updated, with completion planned for February 2027. A Kurultai deputy raised the issue of localizing the production of energy equipment. And together with the operators of Azerbaijan and Uzbekistan, KEGOC is part of the Green Corridor Alliance, which signed a memorandum with Siemens Energy on possible partnership for an underwater cable across the Caspian, but it contains no specific obligations yet.

The load on the system from data centers is also growing. For the Data Center Valley in Ekibastuz, electricity is promised at a tariff of from 2.5 cents per kWh, and the Ministry of Energy believes that new data centers should buy electricity from the single purchaser.

Author's conclusion

The intra-group sale closed a story that could not be completed on the market: no buyers were found at the auction, and the asset remained within Samruk-Kazyna's perimeter. For the grid itself, the issue was resolved before the deal, because key functions have already been performed by a KEGOC branch since January 1. As long as the price and terms remain closed, it is impossible to assess how the deal benefits KEGOC.