DUSHANBE, May 18, 2010, Asia-Plus — The Ministry of Finance (MoF) plans to place temporarily surplus funds raised from the sale of shares in open joint-stock company (OJSC) NBO Roghun in one of Tajikistan’s commercial banks until the end of this year, the source at a MoF said.
By April 19, the temporarily surplus funds raised from the sale of shares in Roghun have amounted to 347.1 million somoni (equivalent to some 80 million U.S. dollars), the source said.
“The ministry announces a tender on placing these funds among Tajik banks and applications for participation in the tender are accepted until 10:00 am of May 19,” said the source, “The banks that abstain from participating in the tender will have to transfer funds raised from the sale of Roghun shares kept in them to the MoF treasury within 24 hours after completion of the tender.”
We will recall that Tajik Finance Minister Safarali Najmiddinov told reporters on April 26 that it will soon be possible to buy and sell shares in Roghun on the open market. Najmiddinov said the sale of Roghun shares to the public and donations made by individuals and businesspeople has earned the government some 814 million by April 22. He said Tajikistan recently paid Ukraine 76 million somoni for parts that it needs to complete the first two turbines of the power plant,
