OREANDA-NEWS. April 04, 2012. Joint Stock Company Batys Transit (hereinafter - the Company), established to implement the concessional project Construction and Exploitation of Inter Regional Power Line "North Kazakhstan - Aktobe Oblast", during the recent years has experienced the decrease of volume of power transmission on its network that resulted in financial difficulties, reported the press-centre of KASE.

Due to the shareholders support, the Company continues fulfillment of its obligations to the state and creditors.

In order to decrease its financial costs through backing the coupon interest and interest rate on fundraising, the Company submitted an order to participate in the post crisis recovery program (competitive enterprises improvement).

According to Order # 152 of the Ministry of Finance of the Republic of Kazakhstan of March 14, 2012, the Company has been admitted to participation in the mentioned program second phase.

If the Company gets the government support, it will significantly improve its financial indicators and decrease its tariffs for Aktobe Oblast consumers that will trigger multiplicative effect for the region socio-economic development.