Two new companies established on the basis of Open Joint-Stock Holding Company Barqi Tojik (state-controlled utility responsible for generation, transmission, and distribution of electricity in Tajikistan) are expected to get property rights and start operations soon.
Barqi Tojik has prepared the list of the fixed assets that will be handed over to the new joint-stock companies “Electricity Transmission Network” and “Electricity Distribution Network.”
Recall, the Government of Tajikistan has ordered to restructure Barqi Tojik. The government’s decree that was signed in late April this year provides for splitting the power holding into three entities: generation; transmission; and distribution.
The Ministry of Energy and Water Resources, Barqi Tojik Power Holding and the Tax Committee under the Government of Tajikistan are charged with determining property rights and duties of the newly established joint-stock companies within a three-month period and submit them to the State Committee on Investments and State-owned Property Management (GosKomInvest).
The government endorsed the plan of individual restructuring of Barqi Tojik in August 2011 in order to improve the company’s financial performance and attract private investments.
Barqi Tojik was supposed to be restructured in three phases: commercialization (2011-2013); competition (2014-2015); and privatization (2016-2018). A contract for implementation of this plan was awarded to Corporate Solutions.
Tajikistan regularly undergoes long periods of electricity blackouts, with electricity usage rationed throughout much of the winter.
