The Open Joint-Stock Company (OJSC) NBO Roghun is seeking a suitable international auditor.
The main criteria for the selection of an auditor are the following:
— sufficient experience in auditing financial activities;
— basic professional qualifications of personnel and competence in conducting audits;
— experience in auditing hydropower facilities;
It is noted that the selection of the audit company will be carried out in accordance with the country’s legislation by the “Quality-and-Cost Based Selection” method.
"Quality — and Cost-Based Selection" (QCBS) is a most common method for selecting consultants, based on two-step combined technical and financial evaluation, which means that a contract is granted to that firm whose Bid has received the highest combined score in the result of evaluation of its technical and financial proposals.
Experienced audit companies can apply for participation in the competition no later than the next Friday, April 9.
Recall, Tajikistan founded OJSC NBO Roghun with an authorized capital of 116 million somonis for completing the construction of the Roghun HPP in April 2008 after it formally revoked a contract with Russia's RusAl aluminum company for the construction of the Roghun HPP in August 2007. The Tajik government accused the Russian company of failing to fulfill the contract signed in 2004. Tajik authorities and RusAl became bogged down in the hydroelectric plant’s dam model and height, crucial factors in its capacity.
To raise funds to complete construction of the Roghun HPP the government started to sell shares in Roghun to people on January 6, 2010. Tajikistan has reportedly issued 6 billion somonis worth of 5 million Roghun shares.
They have reportedly sold little more than 1.8 million shares, while the remaining more than 3 million shares are kept at local banks.
2.2 billion U.S. dollars are reportedly needed for completion of the construction of the Roghun hydroelectric power plant.
Deputies of the Majlisi Namoyandagon (Tajikistan’s lower house of parliament) on January 16 last year voted for enhancement of amendments proposed by the government to the country’s law on privatization of state-owned properties that will allow foreign investors to buy shares in the Roghun hydroelectric plant, an ongoing project upon which the government has pinned the nation’s future.
`Meanwhile, the government intends to continue financing of completion of the construction of the Roghun hydroelectric power plant (HPP) despite a crisis.
In 2020-2022, 1.1 billion U.S. dollars are expected to be invested in completion of the construction of the Roghun HPP.
