Astana, 12 November. KOREM, the Kazakhstan operator of the electric power and capacity market, has a new chairman of the management board: Arman Shaikhanov, who was introduced to the staff by Vice Minister of Energy Yerzhan Yertayev, the Ministry of Energy said.
Shaikhanov came to KOREM from the Financial Settlement Centre for the Support of Renewable Energy Sources, a limited liability partnership where he had been general director since November 2025. Before that he worked for almost twenty years at KEGOC, the company that manages the national power grid.
According to the ministry, Shaikhanov graduated from the Engineering and Technical Institute in Ekibastuz with a degree in thermal power plants and from the Karaganda Economic University of Kazpotrebsoyuz with a degree in economics. He started work in 2000 at energy facilities in Ekibastuz, rising from patrol operator to senior boiler operator and power unit operator.
He joined KEGOC in 2006, where he held the posts of lead and chief specialist, deputy head and head of a department, and chief systems technologist. He then headed the departments for national grid development, external relations and trading, and was managing director for national grid development and system services. From September 2022 to November 2025 Shaikhanov headed the company’s Almaty Intersystem Electric Networks branch.
The ministry does not say who headed KOREM before him or why the chairman of the board was replaced.
What it means: The operator on whose platform electricity and capacity are traded is now headed by a power engineer with experience both at the grid company and at the centre that settles accounts with “green” power plants. The statement says nothing about the tasks set for the new head.
Background: KOREM is the joint-stock company Kazakhstan Operator of the Electric Power and Capacity Market. The company’s website lists its lines of work: centralised trading in electricity and capacity, auctions to select renewable energy projects, and the settlement centre of the balancing market.
