Members of the board of Taldykorgan Transport and Electric Grid Company (TATEK) received 57.3 million tenge in remuneration for 2025, the highest figure in at least five years, reports infohub.kz.
The increase came amid a major loan from the Development Bank of Kazakhstan (DBK), which provided 9.16 billion tenge for the modernization of power grids in the Zhetysu region.
According to the company's financial statements, payments to four board members totaled 57.27 million tenge in 2025, up from 52.77 million a year earlier. That represents an increase of 4.5 million tenge, or 8.5%, year-on-year.
Compared to 2020, when three board members received 34.3 million tenge, payments have grown by 66.9%, or nearly 23 million tenge.
The remuneration trend is as follows:
2025 – 57.3 million tenge for four board members; 2024 – 52.8 million tenge for four; 2023 – 49.6 million tenge for four; 2022 – 42.5 million tenge for three; 2021 – 40.7 million tenge for three; 2020 – 34.3 million tenge for three.
The project involves repairing power grids in Taldykorgan, Usharal, Sarkand, and several districts of the Zhetysu region. In total, more than 465 kilometers of power lines will be upgraded, and two substations will be modernized. The work is expected to be completed by January 2027.
According to Adata, the owners of TATEK are Kuat Kozhakov, Aidynbek Sirgebaev, and MK Construction, which has been owned by Adil Aidarbek since May 2026. Kozhakov previously headed the Samruk-Kazyna Trust social projects development fund.
Earlier, it was reported that DBK, which is part of the Baiterek holding, opened a credit line for TATEK worth 9.16 billion tenge. The funds will be used to modernize energy infrastructure under a national project to upgrade the energy and utilities sectors.
The financing terms have not been disclosed. However, the government has previously approved a mechanism to subsidize interest rates on loans for natural monopoly entities. Under these rules, the effective rate for borrowers on such projects could be 10% per annum.