President Rahmon holds meeting to reviews energy situation in Tajikistan

Mavjouda Hasanova

DUSHANBE, December 5, 2009, Asia-Plus  — On Friday December 4, President Emomali Rahmon held a meeting to review the energy situation in Tajikistan and discuss ways to solve energy shortage problems, according to presidential press service.

The meeting participants included members of the government, heads of large enterprises and banks, chancellors of universities and chairmen of a number of cities and districts of the country.

Speaking at the meeting, the head of state called on senior representatives of president’s office, ministries, enterprises and organizations, local authorities and wealthy businessmen to show initiative at buying shares in the Roghun hydroelectric power plant (HPP).

Rahmon named construction of new power plants and rehabilitation of existing hydropower plants as well as construction of new power transmission lines and use of energy-saving light bulbs as factors contributing to achievement of the country’s energy independence.

Minister of Finance Safarali Najmiddinov reported on the process of issuance and sale of shares in Roghun and rights of shareholders.  The shares will be made available for trading on the country”s stock market in 2010.

The minister, in particular, noted that they would issue the Certificates of Shares of different face values – in 100, 500, 1000 and 5000 somoni.  According to him, the shares will be given out during the first days of 2010.  “Enterprises and persons that will buy shares for more than 5,000 somoni will be given special inscribed Certificates of Shares,” Najmiddinov said, noting that the shares would have four degrees of protection.

President Rahmon stressed once again that only nationals of Tajikistan had the right to buy shares in Roghun, the press service said.

The meeting participants expressed readiness to buy the shares and transfer money to help Roghun’s construction.  

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