Nabi Aytzhanov, Chairman of the Management Board of KEGOC JSC, commented on the payment of multi-million bonuses to the company's top management, stating that during the recent blackouts the system "worked correctly," and the bonuses of 83 million tenge are fully justified by the growth of net profit, reports infohub.kz.
At a briefing at the government, Aytzhanov explained the structure of bonus expenses: 587 million tenge is the entire payment fund, which includes salaries of all employees, top management, and members of the board of directors. Directly for management bonuses, about 83 million tenge was allocated from this amount.
At the same time, the head of KEGOC refused to disclose the size of his personal bonus: "Again, I have no right to disclose," Aytzhanov told journalists. He also stated that the country's energy system is stable.
"This blackout that occurred... the energy system worked completely correctly. Many ask these questions, but it seems to me that these are far-fetched questions that definitely do not correspond to reality," he emphasized.
According to him, the remuneration system is regulated by the corporate standards of the Samruk-Kazyna fund and is approved by the board of directors based on the fulfillment of KPIs. The main criterion of success is audited financial statements.
Aytzhanov cited financial performance indicators of top management: in 2023, the company's net profit amounted to 43 billion tenge. By 2025, according to plans, it should grow to 77 billion tenge.
"That is, the management board and the board of directors fully fulfill the financial tasks set before them. And we believe that the bonus is justified," summed up the Chairman of the Management Board of KEGOC.
Earlier, Kursiv wrote that, according to KASE, for 2025, members of the company's executive body received 496.3 million tenge (salaries plus remuneration). The exact number of those awarded and the amounts of individual payments were not disclosed then either.
Questions about the multi-million payments to KEGOC's top management arose after a massive blackout on August 14. Due to the disconnection of three power lines, Almaty and a number of southern regions were left without electricity. At the same time, Energy Minister Erlan Akkenzhenov praised the work of the operator, which took about 2.5 hours to assemble Kazakhstan's energy system after the accident.