DUSHANBE, January 26, 2010, Asia-Plus — The Ministry of Finance (MoF) has not yet had information about the overall volume of Roghun shares sold in the country so far, Minister of Finance Safarali Najmiddinov told reporters in Dushanbe on January 25.
In accordance with order of issuance and sale of shares in Roghun, established by the government, banks are engaged in this issue, said the minister. “We have not yet collected general information about funds received from sale of shares.”
Najmiddinov promised to make data about the volumes of Roghun shares sold since January 6 public after February 6.
The finance minister noted that an authorized capital of OJSC NBO Roghun, which was founded in April 2008 to complete the construction of the Roghun HPP, is now 6 billion somoni.
In 2007-2008, the government allocated 180 million somoni for the Roghun hydroelectricity project, another 532 million somoni were allocated in 2009 and the country’s budget for 2010 earmarks 650 million somoni for this project.
According to the preliminary estimates, 800 million somoni will be allocated for the Roghun project in 2011, 1.1 billion somoni will be allocated in 2012, 1.5 billion somoni in 2013 and some 1.8 billion somoni in 2014, the minister noted, adding that the government is expected to assume 75% ownership interest plus one share in NBO Roghun.
We will recall that the government started to sell Roghun shares to people to raise funds to complete construction of the Roghun HPP on January 6 this year.
