IRPT sets up fund for receiving money from its members for shares in Roghun

DUSHANBE, December 29, 2009, Asia-Plus  — The Islamic Revival Party is setting up a special fund, to which the party members could transfer money for buying shares in the Roghun hydroelectric power plant (HPP), Hikmatullo Sayfullozoda, a spokesman for the IRPT, said in an interview with Asia-Plus. According to him, the fund is being set […]

Rasoul Shodon

DUSHANBE, December 29, 2009, Asia-Plus  — The Islamic Revival Party is setting up a special fund, to which the party members could transfer money for buying shares in the Roghun hydroelectric power plant (HPP), Hikmatullo Sayfullozoda, a spokesman for the IRPT, said in an interview with Asia-Plus.

According to him, the fund is being set up in order to ensure that money that will be invested by the IRPT members in construction of the station will not be used in vain.

“For example, if the member party wants to buy one share in Roghun (the face value of the share is 100 somoni), he/she transfers 100 somoni to this fund and the party will buy share for him/her,” said Sayfullozoda, “The point is that our party wants to ensure that its members’ funds invested in construction of the Roghun HPP will not disappear as it was during buying shares in the Sangtuda HPP.  However, if these funds disappear, the party will act as petitioner.”

He added that the IRPT wanted to avoid mistakes made during buying shares in the Sangtuda-1 station.  “In the mid-1990s, Tajik nationals were buying shares in the Sangtuda-1 HPP and later, they knew that Russia assumes the 75 percent ownership interest in the station.  Nobody knows what has happened to money people invested in the Sangtuda-1 station.” 

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