Joint Stock Company Batys Transit (hereinafter referred to as Batys Transit JSC) was created in November 2005 in accordance with the Resolution of the Government of the Republic of Kazakhstan No.1008, dated October 07, 2005, for the purpose of implementation of the Project “Construction of an interregional power transmission line “the North Kazakhstan – the Aktobe region” (hereinafter referred to as the Project).
Kazakhstan Electricity Grid Operating Company JSC (hereinafter referred to as KEGOC JSC) and Mekhenergostroy LLP were the incorporators of Batys Transit JSC.
Batys Transit JSC carries out the Project based on the Concessionary Agreement, concluded on December 28, 2005 with the Government of the Republic of Kazakhstan, represented by the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan, approved by the Resolution of the Government of the Republic of Kazakhstan No.1217, dated December 09, 2005.
Batys Transit JSC is one of the first examples of public – private partnerships in implementation of the projects of national importance, carried out based on Concessionary Agreements and funded with the placement of revenue-yielding bonds.
In the Message of the Head of the State to the People of Kazakhstan “Raising the well-being of the people of Kazakhstan is the principal goal of the State policy”, dated February 06, 2008, the Project “Construction and operation of the interregional power transmission line 500 kV, the North Kazakhstan – the Aktobe region” has been marked as one of the breakthrough projects, included in the government program “30 corporate leaders of Kazakhstan”.
Strategic purposes
To ensure business stability, they have the following objectives:
To attain the following objectives, they work on:
Company’s mission
"Promoting the development of electric power industry through participating in the improvement of the structure of the unified power system of Kazakhstan. Support of the Implementation of the state policy in the field of public-private partnership in Kazakhstan".
