DUSHANBE, August 21, 2010, Asia-Plus — The Ministry of Finance plans to set up an open market for selling and buying shares in the Roghun hydroelectric power plant (HPP), Asia-Plus has learned at the agency for development of equity market within the Ministry of Finance (MoF).
“Today, holders of Roghun shares still cannot sell, donate or return their shares,” said the source, “We have received numerous applications from people over this issue. However, the mechanism of such operations has not yet been developed, but it may well be that the equity secondary market will be established in the country by the end of this year. The Ministry of Finance and the National Bank of Tajikistan are currently working on the establishment of such a market.”
He added that the draft program for development of the equity market would be submitted for consideration to the government soon.
We will recall that in a report released at a news conference in Dushanbe, Finance Minister Safarali Najmiddinov noted on April 26 that it will soon be possible to buy and sell shares in Roghun on the open market.
Radio Liberty’s Tajik Service reported on April 26 that Jamshed Shermatov, the head of the Finance Ministry department that oversees the stock market, said that the buying and selling of Roghun shares will be done through registered market brokers.
