ALES Energy Transition and Modernization Project (ADB-56169-001)

  • Kazakhstan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 15, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Joint Stock Company Almaty Electric Stations, Sovereign Wealth Fund Samruk-Kazyna JSC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 212.75 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 212.75 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 98,799.63 million
Converted using 2023-03-15 exchange rate.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 22, 2024

Disclosed by Bank Mar 15, 2023

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the ADB, the proposed Project will gradually decommission and replace inefficient coal-based power generating units with combined cycle gas turbine units with an installed capacity of up to 600 MW for electricity and 957 GCal/h for heat. The plant will be constructed at the existing site of the Almaty combined heat plant 2 (CHP-2) with all grid and heating pipeline infrastructure in place.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The ADB categorized the project in the following way:

Environment - A
Involuntary Resettlement - B
Indigenous Peoples - C

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

From the company's website:

Joint Stock Company Almaty Electric Stations (JSC AlES) is a energy supplying company that provides heat and electric energy in Almaty city and Almaty region. JSC AlES provides electricity and heat to about 70% of consumers in Almaty region, is a natural monopoly entity in terms of heat generation and a market entity occupying a dominant position in terms of electricity generation.

From the website of the International Forum of Sovereign Wealth Funds:

Joint Stock Company Sovereign Wealth Fund Samruk-Kazyna was founded in accordance with the Decree of President of the Republic of Kazakhstan dated October 13, 2008 no. 669.
Sovereign Wealth Fund «Samruk-Kazyna» is established in order to enhance competitiveness and sustainability of national economy and prevent any potential negative impact of changes in the world markets on economic growth of the country.
The key purpose of “Samruk-Kazyna” is to manage shares (interests) of national development institutions, national companies, and other legal entities it owns to maximize their long-term value and competitiveness in the world markets.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Almaty Electric Stations (AlES) JSC Client Energy
- - - - JSC "SWF Samruk-Kazyna" (SKKZ) Client Energy
- - - - SAMRUK-ENERGY JSC Parent Company Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Clients -

Almaty Electric Stations JSC:

Address: JSC “ALES” office, Dostyk avenue 7, Almaty, 050002
(+7 727) 2 54 03 31
Fax: (+7 727) 2 50 79 74

Almaty CHP Plant 2:

Address: Algabas, Karasay district, Almaty region
Phone: (+7 727) 2 50 31 40
Fax: (+7 727) 2 50 31 55

Sovereign Wealth Fund Samruk-Kazyna JSC:

Address: Republic of Kazakhstan, 010000, Astana, Yesil district, st. E 10, 17/10
Phone: (+7172) 55 40 02 / 55 40 01 / 55 40 55
Fax: (+7172) 55 40 00


You can submit an information request for project information at:

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at:


The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at:

How it works

How it works