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KEGOCKazakhstan Electricity Grid Operating Company
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According to the KEGOC, electricity in Kazakhstan is generated by 111 power plants of various form of ownership.
In 2014, electricity losses through KEGOC amounted to 230 million kWh, exceeding the plan by 6.54%.
In the case of KEGOC, Moody's review of the company's standalone creditworthiness will also focus on an increasing risk that KEGOC may see its financial metrics deteriorate materially beyond the levels seen as commensurate for the current BCA (namely, Debt/EBITDA at below 5x and FFO/Net Debt in the low to mid-teens) given the reduced electricity consumption and revenue expectations for 2009 and beyond on top of KEGOC's increased debt burden following the February 2009 devaluation of the Kazakh tenge.
FedGrid, MOESK and KEGOC are rated under GRE Criteria.
Fitch views the linkage of KEGOC with the sovereign as strong since the group is majority state owned (90 percent), and the government approves the company's strategy and capex through the board of directors.
Uzbekenergo JSC made full repayment of its debt to KEGOC for the supplies of electricity and services for regulation of capacities in the period from 2011 to 2017, the statement said.
Some sections of a preliminary draft of the feasibility study for building 500-kV interstate power transmission line from Kazakhstan to Kyrgyzstan have been revised on the eve, according to the annual report of the Kazakhstan Electricity Grid Operating Company (KEGOC) for 2014.
"This is an increase in gas prices and tariffs in Kazakhstan Electricity Grid Operating Company KEGOC," he said.
Moscow: Fitch Ratings has affirmed Kazakhstan Electricity Grid Operating Company's (KEGOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-'.
JSC "Uzbekenergo" paid KEGOC JSC the main debt in the amount of $143 million for the supply of electricity and services in the period from 2011 to 2017, the Kazakhstan electric power company KEGOC said in a statement.