Alaugas - Kyzyl-Orda

cancelled

This local electricity distributor for the region of Kyzyl-Orda has charter capital of 23,887,000 Tenge. Shareholders are the Ulan company (51%), employees (10%), Ipf-"Yntymak" (10%), Blok-Invest (10%), Sham-Invest (7%), Turan-Invest (7%), Baikonyr-Invest (4%) and Seimar-Invest (1%). The last six acquired stakeholdings through the coupon privatisation in June, 1994. The divestiture revenues raised by the government in those coupon auctions were US$7,035 (Tenge 381,700) in 1994. The Ulan Company bought its stake for $200,000 in 1997and has pledged a further investment $1.8 million over the next 5 years. As of 2000, KazTransGaz (KTG), a subsidiary of KazMunayGas, Kazakstan's national oil and gas company, was set up to maintain, manage and operate the entire gas distribution network in Kazakhstan. Consequently, there were no private sponsors that owned or managed the gas distribution network, since KTG was the sole owner of the network. Also, as of 2000, Alaugas was no longer listed on the Kazakh Stock Exchangce (KASE)