DUSHANBE, March 6, Asia-Plus – Shares of open joint-stock company (OJSC) Sangtuda, that was established in 1996, are in effect and expected to have brought the first profit to their holders already by the end of this year, Mahmadsaid Shamsulloyev, former director general of the OJSC Sangtuda, said in an interview with Asia-Plus.
According to him, although a new OJSC Sangtuda HPS-1 was established in 2004, by special government’s resolution liquidating the OJSC Sangtuda the securities of the OJSC Sangtuda remain valid.
“Shareholders may hope for dividends already by the end of this year, when the first generator of the hydroelectric power station (HPS) Santuda-1 will be put into operation,” Shamsulloyev said.
In 1996, the State Committee for Management of State-owned Property and directorate for the being-built cascade of HPSs on the Vakhsh River founded the OJSC Sangtuda and the first emission of shares for Sangtuda HPS was carried out that year. The face value of one share was equivalent to $10.00. The shares were distributed among legal and physical entities. Money received from realization of the securities has been deposited on a special bank account in Tajikistan’s savings bank, AmonatBonk.
According to Shamsulloyev, the shares were protected against inflation. “By realization of shares we managed to collect $500,000 that were invested in the construction of the Sangtuda-1 station and these funds now make a part of Tajikistan’s contribution to the construction,” the Asia-Plus interlocutor said, adding that the country’s share in the station currently amounts to $121 million.
